My understanding is FICO scores PIF and settled accounts the same. If the accounts were factoring into your utilization, you may see a score increase. Some say they have seen increases, others no movement or a decrease, YMMV.
As far as PIF and settling - generally one has a better chance of deletion if PIF. You can always send GW letters, and keep sending until someone says yes. Also, remember, no one has to delete. Some will, many won't.
Congrats on getting debts paid off!
I just recently settled 3 accounts on my reports. Does anyone know if you receive score increases for settled accts or just those that are paid in full? Also, can settled accts be removed? The companies that I settled with said no, but I don't believe them.! Please help....
Rain was correct, if these were revolving debts, like credit card charge offs, you might see an increase because of how FICO scores revolving debt; but collection debt is scored the same across the boards. Unpaid, settled or paid in full. It all counts the same. Collection account damage hits when an account is placed on your report, and FICO does not reward you for making good on a debt you should have made good before it went south.
Paying in full might give you more options to Gw in the future, but thats even iffy. I had success GWing accounts that were settled as well.