CA claims they cannot legally do a pay for delete

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

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@Anonymous wrote:
I'm in NY. They are in another state (the CA). They didn't refuse payment, they refused payment for a deletion. I think not having it paid (it's only $200) looks worse for my score than having it paid right? Might as well pay it I think? Plus that negates the likelihood that it will be passed on to someone else and I'll be bothered by it later, whether they can report it or not.

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In NY, paid collections are removed after 5 years, not the 7 year Federal CRTP.

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If that is true, then once I pay it the item should fall off the report within 30 days of having paid it right? So well before November?

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Yes, it should come off. NY has their own "FCRA".

[Anonymous]

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@Anonymous wrote:
I'm in NY. They are in another state (the CA). They didn't refuse payment, they refused payment for a deletion. I think not having it paid (it's only $200) looks worse for my score than having it paid right? Might as well pay it I think? Plus that negates the likelihood that it will be passed on to someone else and I'll be bothered by it later, whether they can report it or not.

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FICO doesn't give a doodly-squat if it's paid or unpaid. It treats ALL collections (paid or unpaid) the same.

However, if you're apping for a loan and might go to manual underwrite, I've heard it said that a paid collection looks oodles better to human eyes than an unpaid.

But if you're not going to be apping for the next 6 months, I'd say "why bother!?"