Hi everyone, after joining the forum for a few months, i have learned so much to improve and take care of my credit... and not only my credit history, but i also help people in my family as well. Thanks.
Here is my question, i have a CA(porfolio calvary collection for a Sprint) which is $300 due to come off my credit report in Dec 2012 (according to experian). The date of 1st delinquency is 03/2006. I have read that a paid and upaid collection woudn't make any difference on your fico scores....so there is really no need to pay for it
Well, I was at a Wells Fargo Bank yesterday applying for a Line of Credit which would be approved for $7600 (with a score 675 pulling EX in case anyone care). Anyway, Wells Fargo sees this collection and they want me to clear it with a letter saying this collection is paid or released from my credit report then they would approve for my line of credit.
My question is If i pay this CA in full, do you guys think it gonna restart the 7 year mark? I already call Porforlio Calvary for a PFD and they wouldnt do it. Thanks for your input.