Rebuilding Credit for Future Mortgage

[Anonymous]

Hi All!

When my husband and I initially spoke to a mortgage broker they told us not to touch our old collection accounts. However, my credit scores are suffering and I am wondering if I should write letters to the collection agencies to request PFD? If they agreed to PFD, what type of impact would this have on my credit? I need to increase my score by atleast 100 pts .

1. Portfolio Recovery

$0 balance - paid off 2 years ago, but still reporting under collections

Intend to send good will letter for removal

2. Jefferson Capital Systems, LLC (Verizon Wireless)

$314 Balance

Intend to send PFD letter

3. Asset Care LLC (Hospital Bill)

$408 Balance

Intend to send PFD

Thank you all!

[Anonymous]

Portfolio will delete. Just call them and request it. Its listed on there website that they delete paid collections.

[Remedios]

I believe Jefferson Capital Systems also does PFD. I am not sure if Portfolio will delete an account that was paid prior to their "new" policy for PFD. 

As far as medical collection, here is the link for a thread (3rd post) where gdale described how to go about those

Good luck!

[Anonymous]

Awesome! I will call them tomorrow.

[Anonymous]

Thank you! I will read that link.

Any idea how much impact removing collections will have on a credit score?

[Remedios]

If all of them were to get deleted, huge.
If one unpaid remains, probably not too much.
Because you already paid Portfolio, I would expect to see some gains if other two are removed.

Work on Jefferson and medical one first, as those are unpaid and hurting you the most.

[Anonymous]

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@Remedios wrote:
If all of them were to get deleted, huge.
If one unpaid remains, probably not too much.
Because you already paid Portfolio, I would expect to see some gains if other two are removed.

Work on Jefferson and medical one first, as those are unpaid and hurting you the most.

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Great, thank you!

[Remedios]

Welcome!