@Anonymous PRA and Midland does PFD Pay For Delete as noted on their website.
Alternatively, you can request EE Early Exclusion on the 7 years from DoFD.
TransUnion - 6 months early.
Experian - 3 months early.
Equifax - 1 month early. I would not recommend requesting EE. Let derogatory / delinquency fall off naturally.
@Anonymous wrote:Any guess of what kind of score increase I could see on a PFD? Let's say all 5 went off.
I'm not well versed on the derogatory score card points. Hopefully, another member can chime in?
@Anonymous wrote:Credit Utilization is at 57% right now. I'm working on this getting down.
Your utilization is a 30% factor in FICO scoring for amounts owed. You will see gains if you can get your utilization down.
Not knowing your exact details, below are benchmarks for FICO 8. Before applying for mortgage or to see what mortgage scores you can achieve seek AZEO.
Remember these aggregate utilization thresholds: 8.9%, 28.9%, 48.9%, 68.9%, 88.9%
Remember these individual utilization thresholds: 28.9%, 48.9%, 68.9%, 88.9%
If you're not crossing a threshold, you won't be getting points.
Aggregate: 10-15 points for aggregate crossing a threshold.
Individual: ~5 points points for individual crossing a threshold.
Look into AZEO Technique. All Zero Except One card reporting a small balance e.g. $5-$10. Use a bank card. Do not use a store card.
Get your CC aggregate utility at or below 8.9% for full FICO points optimization.
Scores will react positively with one revolving credit card reporting a balance.
EX2 + 3 Bureau report for $1 at Experian or CreditCheckTotal (part of Experian). Cancel in 7 days or less to avoid the reoccurring charge.
TU4 WyHy quarterly score. Not sure on membership requirement. Maybe hard pull TU?
EQ5 Get a savings account with DCU. Soft pull EQ to be a member. Free monthly score.
You can also obtain your 3 bureau mortgage scores at FICO Advanced . Cancel plan after you obtain your scores and reports to avoid re-occurring monthly charge.
@Anonymous wrote:This might be a stupid question, but if I log into the Midland or Portfolio to see what PFD options they have on the website, will that trigger them to get agressive with their contacts? I've already got letters saying they won't pursue legal action.
It shouldn't matter. Since they delete anything settled or paid over 2 years past DoFD, you should be paying them all off. If you're trying to pay over an extended period of time, you can set up payment arrangements way in advance that will stop all phone calls as long as you're making payments as agreed
