Collection Accounts

[Myhearts]

Hey all,

Hearts here.  Can you tell me how long a collection will negatively affect your credit score?  I have a cell phone collection that was placed on my credit in Jan. 2006 and this is the second year as of this past January.  I have not paid it because I know it will update and show as such on my report and just show paid and not deleted.  I have tried to work with the collection agency, AFNI but they have not budged.  

Thanks

Hearts

[Anonymous]

Hi MyHearts. It will remain on your CR for 7 years, and is a major drag on your scores.

If the OC still owns the account, then I'd deal with them instead of the CA.

Start negotiating for a PFD.

[Myhearts]

Okay.  But should I wait until after I refi next month and then PFD? 

hearts

[Anonymous]

hearts   never talk to a CA!!!!!   did you DV them?

[Myhearts]

Got tht Happy Days.  I meant talking in sending a letter communication.  They never responded anyway.  I am sure that they get these DV and PFD letters all the time. 

Hearts

[armywifey85]

Who is the original creditor?

[Myhearts]

Sorry for the late reply....  Cingular Wireless

[Anonymous]

IF you sent the DV   CMRRR  and they didn't answer  they can not report.  NEVER PFD without an answer from a DV!

If you didn't send it CMRRR  you have to start over!

What is your SOL?

[Anonymous]

What is an SOL?

[armywifey85]

Cingular is really easy talk to them have them pull the account back from AFNI they can do that . They Just did that for me like two weeks ago and Cingular credited the amount and closed it really good to work with Just explain to them what happened why you did'nt pay . But most of all have them pull the account back from AFNI then AFNI has to remove it from file . I know how easy Cingular is they credited me for an account that had a balance on it for 479.00 so talk very nice to the rep .