Paid in Full Notation
Date: Thu, 06/14/2007 - 13:56
If I accept a negotiated settlement for agreement of a paid in full notation. How will that look on credit report? I know I may be pipe dreaming but trying to build my score.
My score has been climbing. But I know a debt has been sold to a CA. The have sent me the initial letter and I sent back a settlement offer.
I believe I am going to have to send a validation letter request as they do not seem willing to accept my offer.
They did offer a PIF designation....I am not sure that is desirable because i do not have any CAs on my report. I only have the charge off by the OC.
Any ideas.....I need to get my files cleaned up. I am in a financial position to clean up but don't want to make "credit score" decline oreinted mistakes when I have power to pay for some of the terms I want.
My score has been climbing. But I know a debt has been sold to a CA. The have sent me the initial letter and I sent back a settlement offer.
I believe I am going to have to send a validation letter request as they do not seem willing to accept my offer.
They did offer a PIF designation....I am not sure that is desirable because i do not have any CAs on my report. I only have the charge off by the OC.
Any ideas.....I need to get my files cleaned up. I am in a financial position to clean up but don't want to make "credit score" decline oreinted mistakes when I have power to pay for some of the terms I want.
You should try in every way to deal with the original creditor.
You should try in every way to deal with the original creditor. Collections are serious derogatory remarks that will lower down your credit scores. If you are able to pay directly to the creditor, your credit will look good. Now, since your file is already charged off, your credit is already tarnished. Try to do some negotiations with the original company because it's in their hands how they will be reporting to the bureaus. Stress for a PIF status.
If the ca owns it,paying it may end up with a paid collection on
If the ca owns it,paying it may end up with a paid collection on the report. Try a pay for delete letter once you have validated account to show proof that it is your account.
