Advice Needed.

[rbrown973]

Can someone please help...  I had an account that was showing incorrectly as past due.  However the company updated the account today 4/17/08.

At first the account read as follow:         

3091 SOUTH CASHUA DRIVE
FLORENCE, SC-29501-6328
(843) 667-4900

Account Number: 206XXXX  Current Status: COLLECTION ACCOUNT  Account Owner: Individual Account.  High Credit: $500   Type of Account : Open Credit Limit: $0   Term Duration:   Terms Frequency: Monthly (due every month)  Date Opened: 2006/07  Balance: $770   Date Reported: 01/2008  Amount Past Due: $770  Date of Last Payment:   Actual Payment Amount: $0   Scheduled Payment Amount: $0   Date of Last Activity: N/A Date Major Delinquency First Reported: 03/2007  Months Reviewed: 7  Creditor Classification:   Activity Description: N/A  Charge Off Amount: $0   Deferred Payment Start Date:   Balloon Payment Amount: $0   Balloon Payment Date:   Date Closed:   Type of Loan: Rental Agreement  Date of First Delinquency: 07/2006  Comments: Collection account   81-Month Payment History Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2007 * * * * * * * * * * CA CA 2006             * * * * *

As of today it reads:

3091 SOUTH CASHUA DRIVE
FLORENCE, SC-29501-6328
(843) 667-4900

Account Number: 206XXXX  Current Status: PAYS AS AGREED  Account Owner: Individual Account.  High Credit: $500   Type of Account : Open Credit Limit: $0   Term Duration:   Terms Frequency: Monthly (due every month)  Date Opened: 2006/07  Balance: $0   Date Reported: 04/2008  Amount Past Due: $0  Date of Last Payment:   Actual Payment Amount: $0   Scheduled Payment Amount: $0   Date of Last Activity: 07/2006  Date Major Delinquency First Reported:   Months Reviewed: 10  Creditor Classification:   Activity Description: Paid and Closed  Charge Off Amount: $0   Deferred Payment Start Date:   Balloon Payment Amount: $0   Balloon Payment Date:   Date Closed: 04/2008  Type of Loan: Rental Agreement  Date of First Delinquency: N/A Comments:   81-Month Payment History Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2008 CA * *                   2007 * * * * * * * * * * CA CA 2006             * * * * * *

Since the information is correct and DOLA is the same, Should I expect an Score INCREASE or DECREASE???

thanks in advance....

[Anonymous]

What changed?

Sorry, that is too much typing to read through and compare written that way.

If just DOLA changed, not sure if your score will change at all.

[Anonymous]

balance 770 to 0

[Anonymous]

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MinnesotaJ wrote:

balance 770 to 0

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Ok then. Paying collections doesn't help your score at all. However if they updated the collection, it might just ding your score for a "new" collection.

Now, if it was being reported under "open" "revolving" "installment" etc.......it MIGHT help your score. Really depends.

[rbrown973]

yes they reported the correct balance $0

changed the current status from 120days late to Pays as agreed.

DOLA didn't change

[rbrown973]

YESSSSSSSSSSSSSSSSSSS! I HAD TO KNOW.... OK I JUST PURCHASE ANOTHER REPORT SINCE THEY UPDATED MY COLLECTION ACCOUNT TO PAYS AS AGREED... AND MY EQ  FICO SCORE INCREASED FROM 591 TO 601....

FINALLY

Message Edited by rbrown973 on 04-17-2008 09:33 PM

[Anonymous]

I would have expected a a few more points than this- congrats

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rbrown973 wrote:

YESSSSSSSSSSSSSSSSSSS! I HAD TO KNOW.... OK I JUST PURCHASE ANOTHER REPORT SINCE THEY UPDATED MY COLLECTION ACCOUNT TO PAYS AS AGREED... AND MY EQ  FICO SCORE INCREASED FROM 591 TO 601....

FINALLY

Message Edited by rbrown973 on 04-17-2008 09:33 PM

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[rbrown973]

I hoping so as well but i'll take it and continue to pay on time everytime. I have one collection remaining.

I sent them a GW and they suspended the account until the investagation is over... Hopefully I'll get some good news.