should i pay off the balance?

[hoang817]

i was wondering why only 1 of them got deleted off my report?  the one got deleted from report was one of the 2 from portfolio recovery. 

so those 3 that i paid off will stay on my report for 7 years?? then should i pay off the other 2 with balance? thanks

[OmarGB9]

Portfolio has a known policy to delete upon payment. Midland too, as long as the debt is at least 2 years from DOFD. NCB I believe also deletes if you negotiate it PRIOR to payment. Don't know about CMRE.

[hoang817]

yes, portfolio told me they would delete the 2 but only deleted 1. should i call them? 

[RSX]

how long ago did you pay it off

we have seen that they first update it to $0 within the first 30 days

then delete within 60 days

so you may just need to wait a bit

if they are outside of that timeframe, then definitely call them

[OmarGB9]

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@hoang817 wrote:

yes, portfolio told me they would delete the 2 but only deleted 1. should i call them? 

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I agree with @RSX, but I only see 1 Portfolio collection to begin with in your picture.

[SoonerSoldier33]

PRA should fall off automatically. Usually takes just over 30 days for them to delete after payment/settlement. If you didn't negotiate a PFD with CMRE before you paid, they'll probably stay as paid collections. You could attempt goodwill removal, or possibly removal by dispute, but YMMV on either of these. Midland and NCB are both know to PFD. If you call to pay/settle, make sure you negotiate a PFD before you pay them if possible. Paid collections offer no immediate score benefit in FICO 8. You want as many CAs removed as possible. 

[hoang817]

wow checked back today and portfolio recovery deleted both of theirs.. 2 of the CMRE needed to go.

[hoang817]

went over to credit karma.. i see only 2 left?? so experian will soon update them ? 

[hoang817]

650-700 if i pay off the last 2 collections?

[RSX]

we cant guess what the score will rise by - however, paying any collection down to $0 will have a positive affect - either right away, or over the next months to come

call to negotiate a lower amount if possible - try for 40-50% of the total outstanding - make sure you have the money to pay it while on the call

these are raising your overall Util since they show as maxed out

they are holding back your scores when reporting monthly, at more than a $0 balance