Pay a Collection?

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Laura

Joined: 21 Jun 2007
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Posts: 1400

34743 Magic Points

Sat May 03, 2008 4:04 am

It does not necessarily mean that paying your old debt will improve your credit score, instead it may in fact lower your credit score. However, you can always negotiate with your collection agency for deletion letter request while paying back your old debt.
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Regards,
Laura.

fireyone

Joined: 26 Feb 2008
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Posts: 4500

8812 Magic Points

Mon May 05, 2008 10:58 pm

Laura How does paying a debt lower your score. I am not saying that it doesn't I was just wondering how it worked out like that.

elle
Guest

Subject: deletion

Wed Aug 20, 2008 1:17 am

Do not allow anyone to "delete" an account - paid or not. Any party can come after you again and you will have no credit entry to support that you paid or that you owe a certain party. Repeat - do no allow deletion.
Been there - I know.

goodnatured

Joined: 03 Nov 2007
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Posts: 4005

1187 Magic Points

Wed Aug 20, 2008 3:39 am

That makes sense, never thought about it that way, at least you have proof that you paid it then.
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Goodnatured,
http://cashinpocket.synthasite.com/
for all the ways I make $$ online

fireyone

Joined: 26 Feb 2008
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Posts: 4500

8812 Magic Points

Wed Aug 20, 2008 7:15 pm

Wow that was a really great point. I still don't know what good the pay for delete really does anyway. I asked this on another post and didn't get an naswer.

Nicegirl
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