New Collection

[Anonymous]

Yesterday I received notification from my credit reporting alert that AFNI just reported on my Experian report, how much would that lower a 627, and if I paid it or disputed it 

woul;d my score go up, I have settled AFNI accounts in the past and i;m looking for the proof, now if the proof can not be found what are my options, I'm in the process of buying a home and this pops up, I already have to clear up two older account per my pre-approval letter. I need some suggestions.

[RobertEG]

When you refer to "dispute," do you mean a DV request, or a dispute of credit reporting under the FCRA?  Either of those processes will involve time.

Payment wont result in CR deletion unless the debt collector agrees to deletion, such as by way of a PFD negotiation.  I imagine that payment will be a condition for final loan approval?  If that is the case, then the absence of any period for response in either the DV or PFD process might leave the only option as paying without CR deletion.

What is your specific plan of attack?

[Anonymous]

Seeing that time is not on my side I was going to try the paid deletion approach, this I have never tried, as  a person that works in collections (we do not report to any agencies) this is something new to me.

[Anonymous]

I was wondering how much this will affect my 627 score, I was working on trying to increase this score by continued on time payments on my open credit cards and keeping the balances very low. I was hoping to get a little boost once i paid off the collection accounts my lender has informed me has to be paid.

[Anonymous]

Any suggestions will be helpful.

[llecs]

I'd try e-mailing a PFD to the recoveryteam e-mail addy. If they didn't respond in your favor, then I'd respond back with an offer to pay. Seems like AFNI is good with deleting after a GW request.

[RobertEG]

It certainly is worth the effort to first offer a PFD, but if you are under a time constraint to get it paid as a condition for final loan approval, then, you might want to make your offer orally.  You have zero control over when, or even if, they will respond to a written PFD offer.  You hang in limbo.  Better chances of getting a response if you call them.

Some are reluctant to call debt collectors, but there are times when it could be to your advantage.  I think your situation is one of those times.