How would you handle this collections? Acima

[Epicsushi]

Hey guys,

I was looking to some guidance on how I should deal with this collections account I have.

from acima

when I got my vehicle repaired years ago.

myFICO shows:

Experian:

Last updated: 01/2021

Payment status: unpaid balance reported as a loss by credit grantor 

Worst delinquency: charge off/ other derogatory remark

balance: $1208

30 day missed payment october 2020

60 day missed November 2020

Then it shows charge off for for dec 2020- january 2021 then not reported until now.

if I gotta pay it then I will but how would you guys approach this?

currently have 2 years good credit history on my two credit cards: capital one platinum (unsecured) 700 limit and opensky (secured) 200 limit

[FireMedic1]

Welcome @Epicsushi 

call them up and see what they will settle the account for. Settled or paid. It will reflect a $0 balance. Fall off date will be 7 yrs from the first 30 day late that led to CO status. There is no PFD on CO's. Pay it and get it over with. Good luck!

[Epicsushi]

Straight to the point and with added facts!

Thank you for helping me out. Calling them first thing in the morning!

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@FireMedic1 wrote:

Welcome @Epicsushi 

call them up and see what they will settle the account for. Settled or paid. It will reflect a $0 balance. Fall off date will be 7 yrs from the first 30 day late that led to CO status. There is no PFD on CO's. Pay it and get it over with. Good luck!

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[OniStringer]

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@FireMedic1 wrote:

Welcome @Epicsushi 

call them up and see what they will settle the account for. Settled or paid. It will reflect a $0 balance. Fall off date will be 7 yrs from the first 30 day late that led to CO status. There is no PFD on CO's. Pay it and get it over with. Good luck!

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This. Pretty much somes up the same i have went through. You forsure want that balance to be reproted as zero. Settling can do that. 

[FireMedic1]

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@Epicsushi wrote:

Straight to the point and with added facts!

Thank you for helping me out. Calling them first thing in the morning!

---

@FireMedic1 wrote:

Welcome @Epicsushi 

call them up and see what they will settle the account for. Settled or paid. It will reflect a $0 balance. Fall off date will be 7 yrs from the first 30 day late that led to CO status. There is no PFD on CO's. Pay it and get it over with. Good luck!

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Excellent. Let us know how it goes to help others! Good Luck!

[bass_playr]

You said it is from "years ago".  Is the 2020 date you listed accurate?  As in, is that when you last paid?  If not, I would get that ironed out first.  Depending on how old this is, your options may change.  

In either event, a paid collection or even a paid charge off is better than an open one on your credit.  

[FireMedic1]

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@bass_playr wrote:

You said it is from "years ago".  Is the 2020 date you listed accurate?  As in, is that when you last paid?  If not, I would get that ironed out first.  Depending on how old this is, your options may change.  

In either event, a paid collection or even a paid charge off is better than an open one on your credit.  

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@bass_playr 

Appears they didnt mess around. 30, 60 ,CO.

"30 day missed payment october 2020

60 day missed November 2020

Charge off for for dec 2020"

[bass_playr]

No, I saw what he posted there, I'm just asking if that info--which is what they put on his credit apparently--is accurate.  He said it was from years ago, so it sounded like an older deal than 2020.  

[OmarGB9]

One more thing nobody pointed out: while it is definitely more preferable to have a paid CO/CA, since the account hasn't updated in 2 years, OP will likely take a score ding once the TL updates and reports paid.

But, @Epicsushi don't freak out when that happens. You'll get those points back and more over time. Just trying to give you a bit of a heads up on what to expect.