Hello friends
I have a concern about a collection account from AT&T dated back from 2007 that I paid today 4/27/11. First this account was reported to all 3 bureaus but I disputed it and it was removed from Equifax and transunion but not Experian. when I closed my account with ATT 2 years ago in 2009, all my services were in good status and they even sent me a refund check of $38.00 that I overpaid them . However, ATT failed to inform that this balance was from its home entertainment service (video service), which is separate from Internet and phone. And I had to find out through a collection agency CMI.
Finally, I went ahead and paid this balance of $153.00 today, hoping to clear my Experian report & score.
My concern and questions are these:
- Will this payment lower my Equifax and Transunion since this collection account was already deleted from those 2 reports three months ago?
- The collection company said that they will report to all 3 bureaus as paid collection. Is there any chance that this resurfaces on my fico, Equifax or Transunion and lower my scores?
- If so, what's the average deduction in score for a paid collection?
My current scores are as follow: Equifax (710), fico (720), Transunion (740) and Equifax (649).
Please advise…
