Got a letter from collection agency

[Anonymous]

From Arrow Financial Services. collection account for First Premier credit card.

OC went delinqent in 03 at $300. CA is listing at $866.00. They just sent a letter they would settle for $200.00 and list account as paid in full.

Never corresponded with them in any way. Should I PFD and ask for the $200, should I just pay the $200 and then GW? any advice? I would love to only have to pay the $200....

So far, no luck with any GW's or PFD's on anything else and am feeling hopeless like I should accept this.... or should I not?

[Anonymous]

---

overwhelmed wrote:

From Arrow Financial Services. collection account for First Premier credit card.

OC went delinqent in 03 at $300. CA is listing at $866.00. They just sent a letter they would settle for $200.00 and list account as paid in full.

Never corresponded with them in any way. Should I PFD and ask for the $200, should I just pay the $200 and then GW? any advice? I would love to only have to pay the $200....

So far, no luck with any GW's or PFD's on anything else and am feeling hopeless like I should accept this.... or should I not?

---

The question is whether or not it is already showing on your CR.  I would ofer the 200.00 for non report of the debt.  It shouldn't be there since you have 30 dyas to vaildate.  Don't automatically take my advice since this is not my strong suite.

[Anonymous]

Thanks Brammy. Yes, this is on my CR and has been for a long time. So, offer a PFD for the $200?? Anyone else have suggestions?

[Anonymous]

---

overwhelmed wrote:

Thanks Brammy. Yes, this is on my CR and has been for a long time. So, offer a PFD for the $200?? Anyone else have suggestions?

---

Welll it wont hurt to ask.  Remember you are rebuilding your credit and even though your fico won't go up by paying a collection, the longer it has been paid, the more likely you are to be approved for better cards.  I was declined by Amex for a collection that was paid long ago, they just didn't update the status to paid tho showing a 0 balance.  When I asked about it, the status date changed to 06 thus getting me denied for a recent collection in the past two years

[Anonymous]

yeah, it's so sad that we try to clean things up and get no love for it.