I had a Discover card when I was in college and let the account go to collections (it was either rent and food or Discover). It's on my credit report as being transferred and has my balance as $0. The account was sold (transferred) to Midland Credit. Midland has offered to accept 50% of the total owed (which works out nice for me) and say they will show the acount as paid. I'm trying to get my credit cleaned up and am not really concerned with the money amount. I feel like I'm getting a double hit for this one account. Is getting the debt listed as paid better than settled? Another account I have for and old GTE bill said they won't delete it from my report (it's only $260 so paying it is no problem. I wasn't aware that I owed them). If I pay them now the neg rating stays on for another 7 years. The last activity date was in 97. If I can't improve my rating, why bother? Any suggestions? I would like to get squared away with everyone I owe, but I have no qualms about not paying if it's not going to benefit me somehow. Thank you all in advance for your help. T Wen
