topic Re: A small collection? in Rebuilding Your Credit

A small collection?

Jhlowe86 — Thu, 26 Dec 2024 18:31:10 GMT

Since last year, I started my credit building journey so you can say.

I've read a collection being payed wont help my score and I should offer a pay to delete.

It was originally Allstate for I think 261?

Its reporting to my equifax and it's trailing the transunion and Experian a lot more. I am thinking it may be because of the collection.

Its not a big collection so I don't know if I should leave it open, pay it off or contact the credit place that has the collection against me and ask for a pay for delete. If I go the pay for delete, how would I structure it and what would protect me to make sure they don't just take my money and not delete it?

Doesnt show the contact information.

Re: A small collection?

JoeRockhead — Thu, 26 Dec 2024 19:07:20 GMT

I'm not sure that CCS, if that's who this is, offers PFD anymore. You'd see score improvements in your Fico 9 scores for a paid collection vs leaving it unpaid. Fico 8, and Fico mortgage scores penalize whether paid or unpaid until it falls off your reports.

Re: A small collection?

Jhlowe86 — Thu, 26 Dec 2024 20:02:02 GMT

So if it isn't eligible for PFD, there is no reason to pay it? I am in the process of buying a home and was curious if it would help my score. Thanks for the response. Going to reach out to them to see if they still offer PFD, if not I will leave it alone, thanks again!