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To pay or not to pay?

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Valued Contributor

Re: To pay or not to pay?

I agree with everyone to get rid of the baddie....oh my gosh, I'm so tired from dragging that "collection anchor" (good choice of words @Imthedevil) for seven years, I don't recommend the toll it takes on you.  If you do settle and before you do settle, get everything (all agreements) in writing from CA and file it in a safe place forever.  Good luck to you!

"My Take Home Pay Don't Take Me Home"
Personal Credit: Start date Oct 2018 SavorWEMC/Quicksilver-AU/Disco It-AU/Disco Chrome(on chopping block)/SpectrumVS/BrightVS/GoodSamsVS/Care Credit/Lowe's-AU/Home Depot-AU/Synovus LOC- 2012 (Total CL= 186k)
Business Credit: start date April 2019 Blue Business Cash/Lowe's Reward-amex/Lowe's Pros/Staples More/Amazon Net55/Spark (Total CL=81k)
Closed TL's reporting, all positive: 1 Auto; 2 Personal Loans; 9 Revolvers
Message 11 of 19
Member

Re: To pay or not to pay?

Thanks everyone! I paid it in full yesterday! They claim it will be reported on the 21st and then 30-45 days for the credit bureaus to update! Hopefully I will see a boost in my score.
Message 12 of 19
Senior Contributor

Re: To pay or not to pay?

If that’s your only negative, it should make a very nice difference. There are posts from others who have seen jumps of 40-80 points when that last one goes away. Hoping the same for you!


Rose Gold NPSL | BCP | Delta Gold | Hilton Surpass | Hilton Honors | IT Cash | IT Chrome | Quicksilver | Target | VS | Home Depot | Lowes | Firestone | Wayfair | Overstock | Kohl’s

5/24, 1/24, 76445/24, who cares #HappyWithAmex





Entering the garden 5/27/2019, staying until 2020
(Lol so much for that grand plan...)
Message 13 of 19
Valued Contributor

Re: To pay or not to pay?

@ImTheDevil.....I got 57 pts. back in Nov.  (that was my last one)  I got a total of 101 pts. when 5 were removed between Sept and Nov. 

"My Take Home Pay Don't Take Me Home"
Personal Credit: Start date Oct 2018 SavorWEMC/Quicksilver-AU/Disco It-AU/Disco Chrome(on chopping block)/SpectrumVS/BrightVS/GoodSamsVS/Care Credit/Lowe's-AU/Home Depot-AU/Synovus LOC- 2012 (Total CL= 186k)
Business Credit: start date April 2019 Blue Business Cash/Lowe's Reward-amex/Lowe's Pros/Staples More/Amazon Net55/Spark (Total CL=81k)
Closed TL's reporting, all positive: 1 Auto; 2 Personal Loans; 9 Revolvers
Message 14 of 19
Senior Contributor

Re: To pay or not to pay?

Laurachrissy, that’s what’s up. Awesome result!


Rose Gold NPSL | BCP | Delta Gold | Hilton Surpass | Hilton Honors | IT Cash | IT Chrome | Quicksilver | Target | VS | Home Depot | Lowes | Firestone | Wayfair | Overstock | Kohl’s

5/24, 1/24, 76445/24, who cares #HappyWithAmex





Entering the garden 5/27/2019, staying until 2020
(Lol so much for that grand plan...)
Message 15 of 19
Member

Re: To pay or not to pay?

As an update! I took the chance and paid the full balance and they did in fact delete it from my credit report!! Woohoo! It gave me quite a  boost!

Message 16 of 19
Valued Contributor

Re: To pay or not to pay?

Yay!  Congratulations,  Super happy for you Smiley Wink    So your reports are all clean now, right? 

 


@Nbenner wrote:

As an update! I took the chance and paid the full balance and they did in fact delete it from my credit report!! Woohoo! It gave me quite a  boost!


 

Personal Aphorism:
"Forget What You Feel, Remember What You Deserve"


Starting FICO 8s | 09/06/2017: EX 641 ✦ EQ 634 ✦ TU 647
Current FICO 8s | 11/2019: EX 761 ✦ EQ 734 ✦ TU 757
Current FICO 9s | 11/2019: EX 768 ✦ EQ 775 ✦ TU 766
Highest FICO-8 Ever | 10/2018: 780 [on dirty report]

2019 Goal Score | 760s


My AAOA: 2.9 years not incl. AU / 3.0 years incl. AU
My AoOA: 6.9 years not incl. AU / 8.9 years incl. AU
Inquiries: EX 0/6 | 4/12 ✦ EQ 0/6 | 5/12 ✦ TU 0/6 | 1/12
Report Status: Clean

Tending my Garden til 6/2020


Without patience, we will learn less in life. We will see less. We will feel less. We will hear less. Ironically, rush and more usually mean less.
Message 17 of 19
Member

Re: To pay or not to pay?

Ehhhh I just posted one other topic. I have ONE open collection acct from 2014 I wasnt even going to mess with so I didnt bring it up. BUT being that I had great advice on having this one removed.. I figured I'd ask what I could/should do about it.

Message 18 of 19
Valued Contributor

Re: To pay or not to pay?


@Nbenner wrote:

Ehhhh I just posted one other topic. I have ONE open collection acct from 2014 I wasnt even going to mess with so I didnt bring it up. BUT being that I had great advice on having this one removed.. I figured I'd ask what I could/should do about it.


Ah.. Cavalry Portfolio.   I know the name but I've never dealt with them so clueless about how they are with removals.   I'd pay / settle it only if they would agree to delete.  You should search the forums for 'Cavalry Portfolio' and see how others have dealt with them... & if they've had luck with deletion. 

Personal Aphorism:
"Forget What You Feel, Remember What You Deserve"


Starting FICO 8s | 09/06/2017: EX 641 ✦ EQ 634 ✦ TU 647
Current FICO 8s | 11/2019: EX 761 ✦ EQ 734 ✦ TU 757
Current FICO 9s | 11/2019: EX 768 ✦ EQ 775 ✦ TU 766
Highest FICO-8 Ever | 10/2018: 780 [on dirty report]

2019 Goal Score | 760s


My AAOA: 2.9 years not incl. AU / 3.0 years incl. AU
My AoOA: 6.9 years not incl. AU / 8.9 years incl. AU
Inquiries: EX 0/6 | 4/12 ✦ EQ 0/6 | 5/12 ✦ TU 0/6 | 1/12
Report Status: Clean

Tending my Garden til 6/2020


Without patience, we will learn less in life. We will see less. We will feel less. We will hear less. Ironically, rush and more usually mean less.
Message 19 of 19
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