Paid Cox directly this morning.

[S7]

So the dispute I had with Experian regarding an account with IC Systems on a Cox bill for $40.00 that I don't believe should have existed, but did, came back as Updated. So I called Cox this morning, and just paid them directly. They sent me a fax in about 2 minutes on letterhead stating it was paid in full and for this letter to be accepted as notification until the credit file was updated, within 24-48hours.

This was the only baddie left that was unpaid, and it was only on my Experian report, which was also by lowest score. Hoping that now that it is paid and resolved, that we can move forward since my midscore is over the 640 we needed....

Any thoughts?

[madmann26]

Gratz! What were you needing? It sounds like a mortgage.

[S7]

Yes sir, you've hit on the head!! A mortgage! Do you think this will be good enough to move forward?? My EQ and TU didn't have this last account on them, and the score for my EQ on here is 651, and the TU from here is 694, which was about 9 points lower when I had a lender pull last month. Last month showed TU on here at 647 and the lender pull was a 638, so Im hoping if its lower this time that it wont be much more than the 9 point diff.

But the EQ would be my midscore I believe.

I know I gotta stop trying to force things to happen, they will when its time, but its hard to wait sometimes.

[madmann26]

You definitely qualify for an FHA loan. The most notable thing about the FHA loan is that it only requires 3.5% down. However, getting your scores up above 700, may be better or not, depending on who you ask.

[Shogun]

I think you're good to go!  Now everyone is paid, no worries about that anymore.  On to bigger and better things.  Now GW them!

[S7]

Yay!! I'm super excited!! 

Go figure today had to be Columbus Day, and banks are closed!! LOL! No wonder I haven't gotten a reply to my email!!!

[Shogun]

Gotta love federal holidays.

[igids1]

Could you update us at to what this does to your score? I am curious if it will actually drop short term, as it updates the date of last activity. I have two old accounts that I owe money on that I have been reluctant to pay in fears it will actually hurt my scores.

[madmann26]

If the collection accounts are aged, meaning 12 months or longer, it has taken it's initial toll on your credit score. While paying them and ultimately getting them removed is great, don't expect the same point return.

I've had 3-4 collection accounts removed in the last few weeks and my score has gone up a few points. In essence, don't expect to get the same points back by paying or having the accounts removed as the ones you lost when the collection account hit your CR.

The score will get better, with time and positive tradelines.

[Shogun]

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@igids1 wrote:

Could you update us at to what this does to your score? I am curious if it will actually drop short term, as it updates the date of last activity. I have two old accounts that I owe money on that I have been reluctant to pay in fears it will actually hurt my scores.

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The DOLA shouldn'tlk have any affect on it, the fact that it is paid will have a definite affect when her mortgage goes to underwriting.