PFD Disaster. . .

[Anonymous]

Hi everyone,

I negotiated my butt off for a PFD and the state AG assisted me in doing so.  I sent my check in for the amount agreed and today I got a scorewatch alert that my score had decreased by 21 points.  I look at my credit report on myfico and the account now says settled and it shows a $30 difference between what I paid and what I allegedly owed so it looks like I settled for less than the full amount.  I contacted the collection agency, they apologized profusely after looking at the notes in their computer and stated they were sending a request out today to have the account deleted.  The AG's office has been really helpful with this collection agency so I think that has motivated them to cooperate with me.  As background, this collection agency has already deleted one of two accounts they claimed I had with them. My question is, will my credit score go back up 21 points and then go up even higher after it is deleted?  Or, am I screwed and am now unecessarily down 21 points and it being deleted won't bring me up much more because of this mistake??? I'm really upset . . .this has been about 11 months in the making.  :-(

[Schoolbuskid]

They fall down fast and crawl back up usually! If you have credit cards i would suggest playing with your util%, some have had success in seeing rapid score increases! Good Luck!

[gdtobefree]

I negotiated my butt off for a PFD and the state AG assisted me in doing so

DID YOU GET THIS IN WRITTING?

I sent my check in for the amount agreed

WHO AGREED TOTHIS AMT? WHERE DID THE AMT COME FROM?

the account now says settled and it shows a $30 difference between what I paid and what I allegedly owed so it looks like I settled for less

THE AGREE FOR A PFD STICK IT TO THEM

 contacted the collection agency, they apologized profusely after looking at the notes in their computer and stated they were sending a request out today to have the account deleted. 

GOOD JOB!!!!!!!!!!!!!!!!!!!!!

See if you would have just let this go by and NOT checked on it it would still be there.

You did a great job, CONGRATS doesn't it feel great?

[Anonymous]

I'd like to think that since it's being deleted, all negative impact on your scoring would be removed, however I can't say that for sure   keep us updated and good luck!

[Anonymous]

Yes - I got this in writing.  They sent this letter to me and to the AG's office.

The amount that I paid was what we agreed to pay in the PFD letter.

I am really keeping my fingers crossed that the -21 points is recovered in addition to more points for it being deleted.

Thanks for the advice so far!

Message Edited by dooodooo on 03-11-2008 12:10 PM

[Anonymous]

When my verizon collection was removed my FAKO scores dropped for 2 reasons - I lost my oldest acocunt and I now had no new 'collection' - the next month they rebounded by almost 120 points.

Buckets????

[Anonymous]

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Lady_Scarlet wrote:

When my verizon collection was removed my FAKO scores dropped for 2 reasons - I lost my oldest acocunt and I now had no new 'collection' - the next month they rebounded by almost 120 points.

Buckets????

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I think I'd slam my head into the desk...