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Collection PFD or Don’t Pay At All

CivalV
Established Contributor

Collection PFD or Don’t Pay At All

I have 1 collection account with Sprint from 2014 reporting only on EX. When I called to ask how much it was they stated $400 which is false. In 2015 I made a payment less than the full balance so they could stop harassing me *they stopped*. Problem I don’t have the papers showing that I already made payments. My other concern is that since this is not a new collection will it make a difference if I let it sit OR should I pay it off and cross my fingers for a score increase? 🤨

 

Also do collections play a part in average age of accounts?

Sept 18: EQ: 578 TU: 583 EX: 576
Sept 19: EQ8: 640 TU8: 645 EX8:640 April 20': EQ8: ??? TU8: 680 EX8: 673
Goal by June 2022: First Time Home Buyer
AA:


Goal Completed: Auto Lease 2020 Mazda CX-5 No Income Verification


The Line Up
Marriott Bonvoy: $5000
Amazon Prime Now Sig: $2800
CITI Costco: $5500
CITI Double Cash: $6100
Navy Rewards: $2400
Amex Delta Plat: $1700
Amex Hilton Honors: $1000
Target Red Card: $2000
Victoria Secret Gold: $1200
HSN: $2500
Overstock: $4250
Kohls: $1500
Capital One: $2750
Capital One #2: $500

Penfed Personal Loan: $20K
NFCU Secured Loan: $285


Total CL:$38,700
Total UTL: 25%
Current Scores: EQ: 698 TU: 706 EX: 696
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2 REPLIES 2
SouthJamaica
Super Contributor

Re: Collection PFD or Don’t Pay At All


@CivalV wrote:

I have 1 collection account with Sprint from 2014 reporting only on EX. When I called to ask how much it was they stated $400 which is false. In 2015 I made a payment less than the full balance so they could stop harassing me *they stopped*. Problem I don’t have the papers showing that I already made payments. My other concern is that since this is not a new collection will it make a difference if I let it sit OR should I pay it off and cross my fingers for a score increase? 🤨

 

Also do collections play a part in average age of accounts?


You should try to get pay-for-delete but even if you can't, pay it off.


Total revolving limits 678000 (585000 reporting) FICO 8: EQ 745 TU 750 EX 719

Message 2 of 3
Revelate
Moderator Emeritus

Re: Collection PFD or Don’t Pay At All

Only OC tradelines factor into AAOA: if you can get the collection nuked that is always a good thing.




        
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