How much would this help ?? Will it hurt my aaoa

[amckee]

I can get this deleted if paid in full it's for my old truck that was totaled and gap didn't cover this amount it's been holding me down for awhile 

they agreed to deleted it complety in writing if i pay in full 

will this help me 

will this bump my score up or down

[gdale6]

Getting an OC to do a PFD is the Holy graile. AAoA concerns never outweigh the fact that it is a charge off. Payment history is 35% of Fico, Age of accounts is only 10%. Pay it and have it deleted, if's your only derog you should get  bump in Fico as long as you have other open credit cards and/or loans.

[Anonymous]

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@amckee wrote:

I can get this deleted if paid in full it's for my old truck that was totaled and gap didn't cover this amount it's been holding me down for awhile 

they agreed to deleted it complety in writing if i pay in full 

will this help me 

will this bump my score up or down

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@amckee if they're going to delete that you better take that and run and thank them profusely. You darn right your score will improve if you don't have other derogatories. 

[Anonymous]

Not only will you get points for the derogatory being removed but also for the amount delinquent being removed and also for the reduced utilization. But if it’s your only delinquency/derogatory, it will cause the scorecard change and all that will be done at once.

[amckee]

Couldn't get a pfd.   But i did pay it off 

sitting around a 640 fico on equifax 

this charge off has been reporting every month so I'm hoping this will help me finally get to rebuilding properly 

will i get a few points ?

also how bad does it look in underwriting to have a change off paid in full obviously better then not paid.... but do some lenders realize that you have made the right choices to repair your credit

[gdale6]

Oh wow, thought you had the PFD on it.. Should see some points as your util will decrease and as it ages back some points will also be gained.

[Anonymous]

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@amckee wrote:

Couldn't get a pfd.   But i did pay it off 

sitting around a 640 fico on equifax 

this charge off has been reporting every month so I'm hoping this will help me finally get to rebuilding properly 

will i get a few points ?

also how bad does it look in underwriting to have a change off paid in full obviously better then not paid.... but do some lenders realize that you have made the right choices to repair your credit

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@amckee yeah you'll get points for reduced utilization, reduced amount of delinquent debt, and then you should get points at 6, 12, 18, and 24 months as it ages.