Flipper762 Posted April 12, 2005 Report Share Posted April 12, 2005 I recently settled a account with First Premier Bank that they charged up to over $650 dollars. I was able to negoiate the payoff to $450 dollars but I could not get their CA FRS to list the acount as Paid as Agreed or Paid in Full. Instead they have listed it as Paid and Settled for less of the total balance. Will this have any affect on my credit score? Link to comment Share on other sites More sharing options...
breathing_easier Posted April 12, 2005 Report Share Posted April 12, 2005 Yes, unfortunately, it will. A notation of "paid settlement" on your credit reports is just as damaging as not having paid the account at all. I learned this the hard way before finding this board and others. You needed to get a pay-for-delete agreement in writing before you turned over any funds. Live and learn, though. Now it's time to hunker down and attack the negative tradeline every way possible in the hope of having it deleted from your reports. Link to comment Share on other sites More sharing options...
ghacorp Posted April 12, 2005 Report Share Posted April 12, 2005 Not all decisions are based on credit scores, so if a human interprets the credit report just offer an explanation. Link to comment Share on other sites More sharing options...
Flipper762 Posted April 12, 2005 Author Report Share Posted April 12, 2005 Thank You. I will try for a total deletion starting today Link to comment Share on other sites More sharing options...
miracle Posted April 12, 2005 Report Share Posted April 12, 2005 Were you able to get anything in writing or a reciept that stated it was paid in full? If not.. go for the deletion.. Good luck! -Jenn Link to comment Share on other sites More sharing options...
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