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I had a charged off account with Merrick Bank and Carson Smithfield was collecting on Metrick's behalf. According to the rep I spoke with at Carson Smithfield, they don't report as a collection account on your report and will notify Merrick within 48 hours of payment that you're "settled in full" or "paid in full" at which point Merrick will update to $0 balance. It's been 2 days since I paid so I'm waiting 30 days to pull my report again to verify this has been updated. Best of luck!
Thanks for the update! I just got through after an hour on hold and was then transferred to recovery services and that rep identified themselves as Carson. Offered to settle with me for 60%. I was hoping for a lot less. I told them I didn't have that much and she said to call back when I do. She was surprisingly very pleasant and I told her I appreciated her kindness. Maybe I will call again and ask for a better settlement amount. I'm racing the clock also because I want it reported to credit bureaus in time for my next pull on fico on 10/4/21.
Best I could do was 60% as well; I bit the bullet and paid it....wishing you lots of luck!
So here's my update. Finally after weeks and multiple phone calls to Merrick, Carson Smithfield and FBCS, my file finally made it to FBCS. my balance was $2459. They called on Wednesday and I asked for the best settlement offer and they said 50%, so $1230. I told them I needed to think on it and check my finances. Called back today and told them that $850 was the most I could do. She came back and said $860 is the least they go. I gave in the extra $10🤣 and settled for 35%. I'll update again once my credit scores update and let ya know what if any kind of bump I get for it. Feels good to finally have that account taken care of!
@Shansx wrote:So here's my update. Finally after weeks and multiple phone calls to Merrick, Carson Smithfield and FBCS, my file finally made it to FBCS. my balance was $2459. They called on Wednesday and I asked for the best settlement offer and they said 50%, so $1230. I told them I needed to think on it and check my finances. Called back today and told them that $850 was the most I could do. She came back and said $860 is the least they go. I gave in the extra $10🤣 and settled for 35%. I'll update again once my credit scores update and let ya know what if any kind of bump I get for it. Feels good to finally have that account taken care of!
Nice! 35% is a **bleep** good deal! I'm a little jealous, as I didn't get near that when I settled with Merrick/Carson Smithfield. Congrats, and let us know how your score reacts!
Congrats!
EQ and TU haven't updated yet, but EX just did and INCREASED 70 POINTS!
Nice!! Congrats on your monster score increase!!
@GrandBay Transunion just updated with a 55 pt bump!!! I can't stop smiling! Just waiting on Equifax now!