Is it better to pay off OC if possible?

[Anonymous]

I have 5-6 baddies on my CR, all are being reported by CAs..........is it easier to call the OCs and pay them?

Assuming they're not reporting, can they remove have the CAs stop reporting?

My understanding is that if I pay the OC (even though they are not reporting) they can mark my account as PIF, then I can turn around and dispute it via the CRAs and have them remove the account?

Is this true?

Has anyone done this before?

Thanks

[Anonymous]

I am in the process of doing this.  You should call the OC and see if they still own the account.  If they do, ask them if you can work it out with them.  If you pay them, the CA doesn't have anything to report.  Get in writing from the OC that they will contact the CA and get them to stop reporting and take it off your report. 

Don't dispute the CRA's.  Once the debts are PIF through the OC, then DV the CA if they are still reporting.  Since they won't be able to validate, they cannot report.  You can also have the OC write a letter to the CRA's for you stating that the accounts are paid and should not be reporting.  I believe that to be correct.  I am sure that if I am wrong, someone will let us know.

GL. 

[Anonymous]

I have been wondering about the same thing the OP asked, anyone have an answer on the PFD question?

[Anonymous]

If the OC OWNS the account it is better to work with them  if they will.

Always know your SOL before starting!

[Anonymous]

so what if you're out of the SOL?

[Anonymous]

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@Anonymous wrote:
so what if you're out of the SOL?

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Even worse, what if you are in your SOL?