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Pfd Penn credit

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jason0618
Frequent Contributor

Pfd Penn credit

After reading about how penn credit does nothing to help or pfd, I was kinda discouraged. It was the only collection I had remaining on my credit report after paying cavalry and Caine wiener and being told both would delete. I called Ohio Edison and explained my situation to the lady who told me she totally gets it and offered to recall the debt from penn if I was willing to make a payment toward the debt. She used the word recall before I even asked so I'm inclined to believe she knows the difference between that and just updating to paid. Said it could take 2-3 weeks before it's processed through systems and removed from my credit. Wonder what kind of score increase I'll see going from 3 collections for $7,000 to none. 

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gdale6
Moderator Emeritus

Re: Pfd Penn credit

If there are no other derogs present in your file then you most likely will gain points for the removal of the final collection as you will be rebucketed into the group that has no negatives at all. If you dont have a strong profile presently in cards and other loans its also possible to see a drop in Fico score.

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