really-matter » Mortgage and Insurance

I’m trying to refinance my home via FHA Streamline Refinance.

My middle score is 1 point off (at least before the new inquiry hit–now it’s probably 4-6 points off).

Anyway, my question is if a Paid Public record will reflect a slightly higher score vs. an Unpaid Public

record?

My TU report lists the PR as Paid (Satisfied) and my score is 50 points higher than EQ and EX!

EQ and EX list it as open (though it has been paid for almost one year). If I dispute, is it likely the updated

status would give me a score increase or would it be lower because of new activity, etc..?

I really want/need to refinance and am hoping a paid public record is considered more favorably in the scoring

than an unpaid one. I’ve read that from a CA point of view it doesn’t really matter, but my higher TU score seems

to indicate that maybe a satisfied PR increases the score.

Any thoughts are greatly appreciated.

Thanks!

March 18, 2010
Posted by jedwan at 3:52 pm
No Responses
Rebuilding Credit
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Secured Credit?

Mar 052010

I have a question about getting a secured card. I am rebuilding credit and have money to open a secured card at my credit union. I am wondering if its better to open for a large amount $5000.00 vs a smaller amount like $500.00. I dont plan on charging anyting except to keep balance at around 10 percent. Which option will benefit my scores more or does it really matter the credit limit. Thanks

March 5, 2010
Posted by admin at 9:45 pm
No Responses
Rebuilding Credit
credit, dont-plan, its-better, keep-balance, more-or-does, really-matter, scores, scores-more, secured-card, the-credit

I have an old phone bill from Verizon,Â (the amount I do dispute but that’s not the issue right now) from 2004. It has never been reported to the CRAs. I received a collection letter a few months ago from Debt Recovery Solutions, I think, and I called them, told them I was in dispute over the bill/amount, etc. because of the circumstances at the time (long story), and told them I did not agree on the amount – send me itemized proof, etc. The girl said, OK. I never heard another word from them.

Yesterday, I received a “Settlement Offer” from Afni, Inc. (dated 1/16/10 but I received yesterday) about the same bill. The OC they have listed is Bell Atlantic – I had my service through Verizon. I googled BA, and it came up Verizon – so either BA owns Verizon or vice-versa – doesn’t really matter to me. Anyhow, Afni lists the total balance of $87.52 (which is less than what DRS tried to collect some months back), and the “settlement offer” is for half – $43.76. The offer states, “Once paid, our records will reflect the status of your account with Afni, Inc. as settled in full.”

Now I don’t have a problem paying this and be done – I don’t want them to report. I don’t really want to bother with the DV, PFD, etc. process if I can just pay and be done – it’s not worth the bother to me, for $43,Â even if they can’t verify, etc. But, I don’t want to open a can of worms either… I don’t want to pay Afni and have it pop up again with DRS or even Verizon, etc.

Should I call or email Afni, asking them to assure me they own the debt and if I pay the settlement, it will never show up on my CR from anyone – Afni, Verizon, DRS, etc…? I want to get this done if I can, but I don’t want to mess it up either.

Thanks in advance for the help.

afni settlement offer

Mortgage and Insurance

Public Record: Tax Lien–Paid (Satisfied) vs. Unpaid–Score Difference?

Secured Credit?

Settlement Offer From Afni

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