Paid as Agreed?

If the account was Charged Off Your tradeline will read "Paid Charge Off"

If the account is still open and you are lets say 60,90 or 120 days past due in the box that says "Past Due" once you make a payment it will not show a past due ammount.

HOWEVER, where it says "prior payment history" the tradeline will reflect that at one time you were past due on the account. Whether you were 30,60,90 or 120 days PD i dont know how long you were it will be noted unfortunatly.

Once you bring the account current you could try giving cs a call to explain whatever financial situation you are in that led to beeing past due. Maybe they will take off the past due remarks.

But thats all up to the bank, the csr, the day you call,how long you were with them, your past payment history besides this.Hope this helps. JOE

 

You didnt mention this was a collection. Since your dealing with a ca here stay off the phone. Do a search on "estopell" youll find out all you need to know if you paid this collection. If you did not pay this collection do a search on "validation" . A little more info would be helpful. Date opened. Ammount. What ca is it. Who was the oc. Do some searches on what i said depending on where u stand now. If you are still stuck bump this thread for some other opinions.

 

Some others may also have an opinion on this, but it's my understanding that the mere presence of a collection account on your credit report is the FICO breaker ... paid or unpaid.

I believe once it is is listed as collection, your score is dinged. And even if you pay a collection account, its not going to help your score so much because the damage already happened with the addition of "collection" on your report.


However ... there are several reasons why you might still want to pay it even if it doesn't help your FICO score. Not to be preachy or say you necessarily should do this, but a lot of people find that paying outstanding debts will give them peace of mind that a debt owed has been settled.

Another reason people might pay an outstanding collection account is if they are looking to get a mortgage -- you can't have any unpaid charge-offs or unpaid collections to buy a house with most lenders.


So like the other poster mentioned, the details of your account will help you determine how to approach it. How old it is, if its the correct balance, etc.

You might try searching this board or reading in the FAQs at the top of the threads about collection accounts to see how others have dealt with these items.


peace,
delilah