Sentences with phrase «old collection accounts»

The only problem - old collection accounts on my report, and my wifes income is stead but part time.

Dear Liz: I paid all of my old collection accounts except for two, which now are beyond the statute of limitations.

In the long run, paying off old collection accounts is ALWAYS the best thing to do — but be aware that if you are looking to improve score for a purchase in the short - term, paying off old collection just might end up lowering your score before you see the long - term improvements you desire.

In theory, paying off old collection accounts seems like a good way to improve your credit score.

Let's say you have a fair credit score of 660 with one old collection account, 5 accounts with no late payments and 3 older accounts with several late payments.

Assume one the other hand you have a one - year old collection account.

Whatever the case, it was years ago and, try as you may, this old collection account keeps reappearing on your credit report.

Not exact matches

This is why your FICO score may drop when you pay off a collection account over 24 months old.

By Tom Threlfall / VSCC Lakeland Trial — An account by Tom Threlfall of this annual event held in demanding territory / Restoration of a 1928 Commer — Bob Moorman recounts his revival of a lorry that was beyond restoration / A rally in Crete — Malcolm Elder took part in the Philpa Rally / The Deemster — Michael - Worthington - Williams tells the story of a car which ceased production in 1924 / Memories of Broklands (part three)-- Charles Mortimer concludes his pre-war reminiscences / 1934 British Salmson — The Editor drives a S4C model on his monthly excursion / Old car graveyard — Bryan Chalker visited a scrap yard of historic vehicles / Auction with a difference — A report on the disposal of a pre-war collection by Bernie Jacobson / Greenhow hill - climb — Bryan Demaus continues his series of articles on pre-war hill - climb locations / 1906 Gobron - Brillie — Bunny Tubbs explains the advantage of two pistons per cylinder.

If approved, and if you use the funds to retire your older obligations, the agency will report that the trade line as «paid collection account.»

«Please delete the old unpaid medical collection account #ABC123.

The amount that companies or collection agencies pay for bad debt from the original creditor varies and depends on the type of account and on how old it is.

Addressing old debt: If you find a collection account on your credit report that is older than seven years since the date of delinquency or the date of the last activity, dispute the item with the credit bureau reporting it.

I had a collection account from an old cell phone bill that I didn't pay and then forgot all about.

This is why your FICO score may drop when you pay off a collection account over 24 months old.

If you have a mix of old and new collection accounts, paying off the ones that occurred most recently is going to be more beneficial to your score.

If the most recent collection account is deleted from your credit report, dispute the older account as not your account.

When disputing old charge - offs and even collection accounts you always run the risk of the date of last activity being updated to a more recent date.

There really isn't much you can do about late payments on your credit report, so an area that many people attempt to correct is any old unpaid collection accounts.

The credit reporting algorithm apparently isn't sophisticated enough to interpret the fact that it's a positive action on a collection account — you paying an old debt.

One 90 - day late payment or a collections history, a short credit history — as in, if a credit card account is less than two years old — or just applying for too much new credit in a short period of time can lower your credit score.

By paying it off, the account for example went from 5 - year old unpaid account (which still hurts), to a one month old paid collection, which may hurt more because it is now recent activity.

The Age of the Charged - off Debt Account: The older the debt is, the more likely a debt collection agency will accept a pay for deletion offer.

It might be tempting to resolve debts in collections to keep collections agencies from calling you, but do not resolve old debts at the expense of on time payments to your current accounts.

These older credit scoring models will still judge the existence of medical collections just as harshly as any other type of collection account.

This change, Nitzsche said, was made so consumers would actually benefit by paying the accounts, «because under older scoring models there was no credit score benefit to paying off an old collection debt.»

Date of Last Activity When disputing old charge - offs and even collection accounts you always run the risk of the date of last activity being updated to a more recent date.

I don't know the status of your credit card situation such as if any are in collections, how high your debt to credit ratio is on them all, how old your accounts are, etc..

Now let's say you had a collection account that was a few years old.

With older credit scoring models, lenders treat collections accounts all the same, regardless of whether they are paid or unpaid and regardless of what type of debt it is.

If you have old accounts with debt still lingering around, call the collection company and find out if you can negotiate a deal.

For example, if you are looking at your FICO score, then the age of the bad debt or collections account will have less impact the older it is, compared to other credit scores who do not take that into account.

How do I handle requests for such references?Thank you so much for your help!CherylCHERYL M. EARLE3407 Old Dobbin Road, Montgomery, Alabama 36116 - 1903Home Phone: [phone] Cell Phone: [phone] Fax: [phone] E-mail: [email protected] position managing legal discovery and document review with opportunity to assist attorneys with civil litigationBAR ADMISSIONAlabama State Bar, 1999LAW - RELATED EXPERIENCELaw Firm, AlabamaResearch Attorney for Special Projects, Mass Torts Department, November 2001 — February 2008 • Managed Multi-District Litigation (MDL) Document Depository (September 2002 to February 2008) o Reviewed more than 1 million pages of evidentiary documents for litigation purposes and for inclusion in electronic databaseso Coordinated document review assignments with attorneys at local depository and at other sites across the USo Retrieved, reviewed and coded documents in Concordance and Summation legal databaseso Prepared memoranda and spreadsheets providing detailed analysis of discovery materials • Aided attorneys and support staff with processing and preparation of personal injury claims and litigationo Conducted legal research and drafted pleadingso Conducted supplementary online research for additional documents and information pertinent to litigationo Assisted with preparation of correspondence to clients and referring attorneyso Contacted clients for additional information needed in case preparation, litigation, and potential settlementso Prepared and input case intakes and referrals into databaseLaw School, AlabamaStudent Intern, Alabama Disabilities Advocacy Program (ADAP), August 1996 — June 1997 • Participated in law school clinical program under third - year law student practice rule (as authorized by Alabama Supreme Court) o Assisted attorneys and advocates in cases involving mentally ill patients confined to state mental health facilitieso Interviewed clients in person (at state facilities) and over the phoneo Worked with clients, attorneys, and social workers to investigate and resolve issues concerning involuntary confinement and treatmento Aided in legal research on an appellate brief submitted to the U. S. Court of Appeals for the Eleventh Circuit (ruling granted in favor of our client) Faculty Research Assistant for Library Services, Bounds Law Library, March 1996 — June 1997 • Prepared research and teaching materials for law school faculty; worked 20 hours per week while matriculating 10 - 15 hours per semester) o Investigated copyright issues related to procuring and reproducing texts for academic useo Conducted legal research using WESTLAW, LEXIS and the InternetADDITIONAL RELEVANT EXPERIENCEManufacturing Company (MC), Montgomery, AlabamaAdministrative Assistant and Cost Analyst, Materials Purchasing Department, April 1999 — September 2001 • Assisted materials buyers in negotiating and preparing commodities contracts between raw materials suppliers and MC for manufacturing plants in the US and Mexicoo Assisted Legal Department at MC's corporate headquarters with coordination and preparation of documents for litigationo Notified and educated suppliers about MC's freight - on - board policy and its corresponding Uniform Commercial Code (UCC) provisions; result was the reduction of freight claims for both the company and its supplierso Prepared contracts and purchase orders for raw materials and capital projects involving plant maintenanceo Solicited price quotations from current vendors and established Excel spreadsheet format which simplified quote submission process and allowed MC to track and compare usage volumes and costs over timeo Prepared and analyzed cost reports used by materials buyers and production planners in purchasing decisions, including cost reductions, materials consolidation, and selection of vendorso Acted as liaison between vendors and the Purchasing, Transportation and Accounting Departments on issues concerning inbound freight, commercial carriers, and payment terms for commodities, resulting in reductions in freight costs and greater payment discounts for raw materialso Established online databases and printed directories for the Purchasing Department, allowing buyers to have easier and faster access to current vendor informationo Completed Year 2000 (Y2K) compliance project, which involved data collection and communication with MC's past, present, and potential materials suppliers and service providersNot - For - Profit Organization, AlabamaAdministrative Assistant, Combined Federal Campaign, September 1998 — January 1999 • Aided Campaign Director with 1998 Federal Campaigns (CFCs) in City 1 and City 2, which together generated nearly $ 700,000 for more than 1,000 local, national and international charitieso Prepared weekly reports on donations using WordPerfect, Microsoft Word, Excel and dBase IVo Wrote script for Talent Showcase at City 1's 1998 CFC Kickoffo Assisted Director with merger of the City 1 and City 2 CFCs in 1999Regional Bank, AlabamaAdministrative Assistant, Year 2000 (Y2K) Department, March — June 1998 • Worked with Vice President of Corporate Projects on short - term project for the bank's Y2K Departmento Analyzed and processed data on Y2K readiness for all branches of Bank throughout the southeastern USo Organized meetings for personnel of Banko Communicated with vendors of computer hardware, software, and office equipment to request information on Y2K complianceo Prepared compliance files for Federal Reserve auditso Prepared in - house memoranda and reports using Microsoft Word and ExcelRecord / Music Promotion Company, AlabamaRecord Pool Co-Founder; Office Manager, September 1990 — December 1991 • Co-founded record pool to enhance promotion of music in Alabama and the southeastern USo Procured and distributed records from major and independent labels for club, radio and mobile disc jockeyso Coordinated jointly sponsored promotional events with record companies, radio stations and clubso Designed, wrote, and published bi-weekly reports and brochures to inform the music industry of the progress and popularity of music and performers in the region, with specific focus on the Alabama music sceneMajor University, AlabamaGraduate Research Assistant, AUM Department of Marketing, June 1989 — August 1990 • Worked 13 - 20 hours per week as a research assistant to Marketing faculty while carrying a full course load in the MBA programo Analyzed consumer surveys used in academic researcho Assisted Conference Chairperson with coordination for Atlantic Marketing Association (AMA) annual meeting (October 1989) o Co-authored five - year index and classification of AMA Proceedings (published Fall 1991) EDUCATIONLaw School, AlabamaJuris Doctor (JD), 1997 • Scholarshipso Seybourn H. Lynne Scholarship, 1996 - 97o Dexter C. Hobbs Memorial Scholarship, 1995 - 96o E. W. Godbey Memorial Scholarship, 1994 - 95 • Honorso Who's Who Among American Law School Students, 1996 - 94o Arthur Davis Shores Award, 1997 • Activitieso Frederick Douglass Moot Court Team Manager, 1996 - 97 Southern Regional Competition, Second Place National Competition, Eighth Placeo John A. Campbell Moot Court Competition, Spring 1996o Black Law Students Association Delegate, BLSA National Convention, 1997 Co-Chairperson, Public Relations Committee, 1996 - 97 Chairperson, Public Relations Committee, 1995 - 96 BLSA President's Award, 1996 and 1997o American Bar Association, 1996 - 97 Entertainment and Sports Industries Forum Intellectual Property Section Law Student Divisiono LAWS Student Group Leader, 1995 - 96Major University, AlabamaMaster of Business Administration (MBA), 1990Bachelor of Science in Business Administration (B.S.B.A.), 1988 (Major: Marketing — Advertising and Promotion Track) • Honorso Dean's List • Activitieso National Student Advertising Competition Team, 1988 - 90 Seventh District Competition: Third Place, 1990o Marketing Club, 1987 - 90 Vice President — Career Development, 1988 - 89o Public Relations / Advertising (PR / AD) Club, 1988 - 90 Charter Member, 1988 Active in fund - raising and membership driveso Theater Guild, 1988 - 90 Screening Committee, 1989REFERENCESAvailable upon request

You also provide collection reports, showing how much of the past - due balances are being collected and recommending write - offs for small or very old accounts.

Let's say your get a copy of your credit report and find that you had an old, forgotten account sent to collections.