OK - I have a bill for a broken apartment lease that I was trying to fight (for a variety of good reasons) - and now it has gone to a collection agency for a total of $898.00. This item is already showing up on my Experian and TransUnion credit reports as unpaid and transferred to a collection agency. (I have 42 accounts in good standing and this 1 as "potentially negative" - ha!) Anyhow - my dilemma is: My FICO went down from a good 740 ish to a not-good 638 from apparently this siutation alone ... if I pay the bill now, will it even remedy the FICO score - or does simply having this on my record at all make it a moot point? I had good reason to fight this, but now I'm stuck. I'll pay the $898 if it will improve my credit rating, but why bother if it won't? I appreciate any realistic, practical advice any of you may have. Thanks!
2006-07-06
06:08:42
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6 answers
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asked by
John D
1
in
Credit