Rapid Rescore Catch 22

I had a credit card from Capital One in 2001 I fell behind never paid and a judgement was filed 2004 for $1670

In trying to buy a house now I see that this same account is in collections for $2406 and it states on the credit report “Account closed at credit grantors request”. 

Can I have a judgement and a collection at the same time.  The collections date of last activity was 10/2002 

I am trying to get a rapid rescore and the rescore increase is based on me bringing that balance in collections down to $10.  I want to pay it off. No matter what, I am going to still have the judgement on my report even if satisfied what should I do. 

I am so confused.  I am trying to increase my score and satisfy the judgement at the same time. 

They have me in a catch 22 situation.

Carol

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Hi Carol,

Yes, a credit report can simultaneously list the judgment and collection. 

Get a written confirmation of (1) pay for delete with the collection agency, (2) pay the balance in full, and then (3) rescore with the collection agency’s tradeline removed. 

Thanks for the questions and hope this helps.

Paul