While I have learned a lot on this forum I still have a ways to go.  Not sure if I potentially hurt my score or not. I had a Cap 1 charged off account from 2007. Was purchased by a CA. The CA hadn’t reported on my Credit report so thought would be safe to just pay it. Got the thank you/receipt letter and it said that account would be reported as paid in full by federal law.. Scared that a new collection being reported, even one paid will hurt my score.. So the question is, if they report this will it lower my score?
Jun 212010
I contacted the OR and they said I can pay them, they can notify the Collection, but they cannot remove it from the collection.
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Should I pay them, let them notify the collection company?
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or should I write a delete-for-pay letter to the collection, and see what their response is?Â
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Not sure if the first option will help my credit score or not?
Mar 172010
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Hi guys –
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 Back in August I completed a home buying seminar and they pulled a comb credit report. I am noticing a collection acct which is showing paid back in 2004. My issue with this line is
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1) it doesn’t show up on my current credit reports that I have pulled, so is it affecting my score or not? I understand it could have fallen off but I guess I’m wondering if it shows up on this kind of report because it was pull related to a mortgage loan?
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2) It appears they re-aged the acct, I have the exact same info showing up with a date of 2009. It states it was paid. I know I paid the acct back in 2004 not 2009.
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3) Do I good will them? I kind of think I did before and that is why the acct in dispute. before it was paid.
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Suggestions? Thoughts?
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