I'm not a big fan of transferring debt but can see where it may make sense in this situation. How many lates, etc are on the auto tradeline? And where are your scores today?
If they just mark it as paid, then the account is not going to become positive( depends on the other derogs) and with the increasing utilization on your Discover, your scores may go down. If they were going to remove the account for payment, then that may be a different story where the removal of the baddie offsets the utilization ding.
I would also get everything in writing and signed in blood from Santander too. They can be very shady.
I wish you luck with Sucktander. Wish I knew about them before I used them for a car loan yrs ago. I tried for yrs to get rid of my only 1 30 day late. Told them I'd be late could you do anything due to an infeted root and had to get a root canal and crown. We cant help. No go. Good Luck!
If the charge off is that recent, I'm not sure having it updated would hurt you that much. Would likely still hurt in terms of short term score dip. I do know a lot of mortgage underwriters do not want to see something that is not paid so from that perspective you should settle and let it start aging before your mortgage process. You may wind up having to pay it before someone will give you a mortgage anyway so its probably best to take the settlement offer while its there. Later they may demand the entire amount. Just my opinion and others may have some better advice.
Paid will always trump (no pun) owed to the eyes of the UW. Be don
@dynamicvb wrote:If the charge off is that recent, I'm not sure having it updated would hurt you that much. Would likely still hurt in terms of short term score dip. I do know a lot of mortgage underwriters do not want to see something that is not paid so from that perspective you should settle and let it start aging before your mortgage process. You may wind up having to pay it before someone will give you a mortgage anyway so its probably best to take the settlement offer while its there. Later they may demand the entire amount. Just my opinion and others may have some better advice.
Paid will always look better in full in the eyes of the UW rather than owed with it. And the monthly updates will cease. Good Luck!
Hello:
Attempted to use Plastiq to pay Santander.
Plastiq cancelled, saying they need more paperwork (original invoice not good enough).
Any alternatives out there similar to Plastiq? Thank you
Attempted to use Plastiq to pay Santander.
Plastiq cancelled, saying they need more paperwork (original invoice not good enough).
Any alternatives out there similar to Plastiq? Thank you