COLLECTION ACCT QUESTION!!!!!

[celeste45]

hi fico forum: i have 5 verizon collect accts (AFNI) that are 6 yrs old? should i pay off or let them droff off? i tried pfd which was declined. im not sure what to do? is anyone familiar with AFNI, will the 6 yr old accts affect my score. any advice appreciated.

[Junejer]

Make sure of your state's SOL and the DOFD/DOLA on these accounts. If truly out of SOL, then DV them. The stupidity of CAs never cease to amaze me.

[ngerasimatos]

If you only have 1 year left, there is no point in paying them.... unless you will be needing service from Verizon again in the future.

[celeste45]

I would like to refinance in the near future (less than a year) do I have to pay off the ca accounts before applying?

[Junejer]

Use the 1-2 punch. DV and dispute with the CRAs. Ensure that you are past SOL though.

[ngerasimatos]

In that case, pay them and get proof. Then do a rapid rescore.

[celeste45]

byrdman:

i did dv and it came back verified.

[Junejer]

Not sure what you mean by verified. The CA has to validate the debt, according to what you ask them to validate. If you send a strong letter (search Lonnster), they have to provide what you ask for. A statement or some other flimsy "proof" doesn't satisfy validation in my eyes. Make them prove that they have the right to collect from you. After all, you don't want to pay the wrong people do you?

[celeste45]

byrdman; thank u so much i did find the lonnster letter and will send IMMEDIATELY!!

[Junejer]

You're welcome. GL2U.