Collector Be Gone; Refinance Me!

I have 3 accounts that have been charged off.  One is now with ACollectionAgency.

We want to refinance our house.  I’d like to settle out these debts to

raise my credit score. 

What is the best strategy to use?  If an account is still being reported as CO,

will settling it make a big difference in our score? 

Has anyone had any success negotiating a hard delete with ACollectionAgency as part of

their settlement agreement?  Of course, they have numerous violations.

Would it make much difference having it deleted? 

Thanks,
Carrie

————————

Hi Carrie,

Yes, having the three collection accounts deleted in a pay for delete will improve your credit score dramatically.  If the original creditor’s tradeline and the collection agency’s account are simultaneously reported, settling with a pay for delete for the collection agency’s entry will “make a big difference” too. 

What is the best strategy to use? 

There are hundreds of articles written on that subject in our credit repair help center.  Welcome to the Broken Credit Blog!

Thanks for the questions and hope this helps.

Paul