Improving my Credit or Hurting It?
Date: Mon, 03/15/2010 - 09:44
I recieved a letter regarding my credit card debt which is now in collections. The letter said that if I can pay $1500 of the $2800 that I owe right now, they will accept that as "payment in full." Will this have a positive effect on my credit, or will they show the remaining $1300 as a write-off that will have a negative effect?
Just curious...have you spoken to them to see if the company alr
Just curious...have you spoken to them to see if the company already reported to the CB? If they did, it doesn't matter if you pay it "in full", right now, or not. Either way,..it's still a 'negative' report. Usually if something is in Collections, it's already been reported to the CB's. However....you may want to wait and see how the Experts, on the Forum respond to this. I'm just telling you from 'personal experience'.
