I just got off the phone with AmeriCredit. They have my account again in house. The lady on the phone said that at this time she can offer me a settlement for 40% which is $2,815. She said in order to hold the account in house and this settlement amount, I need to make a payment of at least $25 in the next 30 days. No big deal. So I went on to ask if they would delete the account once they receive the settlement. She said no, it would be updated as “Pays as agreed”, which I don’t think is accurate. I went on to explain that I know that they have the capability to delete it, but asked if it was just their policy to not delete. She said yes, they do not delete once satisfied.
So here is my question:
Should I send a letter offering $2,500 and asking that the account be deleted once the amount is satisfied? I don’t really care that the paid collection will be on my report, what I do care about, is what it will do to my score. Will it go up more if its deleted or paid?
She went on to tell me “anytime you pay a collection on your credit, your credit shoots up”. I don’t know if that is correct either?
Can someone please chime in and help me with this situation?
I'm 32 points away from a 620 on my transunion and my husband is 66 points away from a 620 on his equifax. We're ready to start getting the pre qual going!!
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