Hello all. This is my first post as I new to this forum. I have a very simple (hopefully) question to begin with. What got me started into looking at my reports ???? I applied for a small furniture loan and got turned down because of recent collection activity. What? I was surprised! Sure enough when I moved back in 2004, I guess I missed a AT&T/dba Southwestern Bell bill. Never was forwarded because I thought I had paid the last one and did not give a forwarding address.
Anyway, it was reported on my report April/07. The balance owing is $125.00.
My question is - since it is valid - what is my best option. I received some iffy advice from a friend to contact AT&T in writing and offer to pay anywhere from 60% to the whole amount, and if so would they remove it. I personally don't think that would ever happen. Since it is a "newer" collection, I guess I will just have to wait for the long 7 years for a slight oversight on my part.
Should I go ahead and pay the full $125.00 now? I know the hit will stay there for the 7 years, but would paying it in full now, instead of letting it linger out there be more beneficial to me? I am plannning on looking for a new CC in the next few days and wondered how this will effect me. My FICO scores that I pulled today from myfico.com are TU 639, EQ 675, and Experian 686. I would like to pull all the scores up, but definantely that TU score. And again I will be looking for a card to get approved with with these scores.
Any suggestions would be helpful. Thanks to everyone that will take a interest in this post.
Sustaining Change takes Support and Reinforcement !
FICOS 02/03/2013, TU -798, EQ - 805 ( Last known EX -812)
