I have one old CC that is a charge off. I am wondering what the difference in impact on my credit score it would be between the three options I have:
Trying to settle the account (i realize this will be reported as such, but is it better than having a charge off with a balance?)
Paying in Full
Pay for Delete (I've sent PFD letters but gotten no response).
I realize that PFD would be best, but if that option disappears, what would the impact on my credit scores be for the other two options?
thanks for any help offered.
a paid collection scores EXACTLY THE SAME as an open collection
the option to PFD is always there - it's just up to the CA to decide to accept. the closer it gets to SOL or CRTP terms the easier it gets.
I am actually dealing with the OC. That is why I am unsure if settling with the OC is the same as settling with a CA in regards to the impact on my scores. I am also trying to figure what the impact would be with PIF with this OC.
How did you contact your OC? I've sent a PFD letter to this OC, but not gotten a response. I have also tried faxing them a PFD letter, and I have still had no response. I am wondering if I should call them or not and present a verbal PFD and have them fax me a letter confirming a PFD.