cancel
Showing results for 
Search instead for 
Did you mean: 

Pay Collections not on report?

Highlighted
New Member

Pay Collections not on report?

Hi, I have a collection that is legitimate not on my credit report.  The statue of limitations will be reached later this year.  I do not want this to hit my credit report, and am willing to pay.  If I call and pay in full or a payment plan, will this ensure they don't report?  I just don't want to trigger something that would make them report.  They send emails every couple of months but don't ever call. 

 

Message 1 of 4
3 REPLIES 3
Highlighted
Senior Contributor

Re: Pay Collections not on report?

Which statue of limitations? The one for how long they can report it to the CRAs or the one for how long they can sue you for a judgment?

Because after seven years from the DOFD they can’t put it on your credit report.
Read this for a collection of our current FICO scoring wisdom. It is updated as we learn, so watch the revision dates on the bottom of the first 8 posts: Link to Scoring Primer.










Scores updated May 2020, unless otherwise noted. 5 revolvers reporting a balance, where it's normally 1, but took an HP on EX.

(Forgive typos, mobile.)(Everything said is Just IMHO.)

In order to better answer your questions and record your DPs, please provide your profile stats: Any baddies? Extent? (clean/dirty), Number of accounts, both open and closed on CRs (thick/thin), AoOA? (aged/nonaged), AOYRA-Age of Youngest Revolving Account (new accounts/no new accounts)? Open/closed loan on CR?
For example, mine is clean/thick/aged/new account, with open loan on record.
If you don't know where you fall, just list whether you have any baddies, your number of open and closed accounts, AoOA, AOYRA and whether you have a loan on record.

For utilization questions, list individual and aggregate utilizations, revolving and installment, please.
Message 2 of 4
Highlighted
Frequent Contributor

Re: Pay Collections not on report?

First, who is the debt collector?  Many debt collectors have started a process where they will either not report or will remove the report if you pay or settle the account.  

 

Second, what type of debt is it?  

 

Third, as was mentioned by the other poster, there are two SOL periods.  Do you know when the account first went past due?

 

Message 3 of 4
Highlighted
Frequent Contributor

Re: Pay Collections not on report?

I have the same issue. Mine is with comcast for $50. It went to collections. I probably paid about $10 but it never hit my CRA and the other day when I tried to go pay it online on the collection website, it said the account was closed and I couldn't make a payment. IDK, so I just left it at that.

Message 4 of 4
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.