Should I pay this or let it drop? Will it drop?

For just about anything you want to get off your chest about credit cards.
4 posts
Baconman
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Should I pay this or let it drop? Will it drop?

Postby Baconman » Sun Jan 13, 2013 9:56 pm

Hello,

I have recently started to repair my credit and got my first response agreement on 3 PFR's. My score before repairing is 642 Fico. On my credit reports I show that a couple of negatives that are the oldest are listed as "scheduled to continue on record until May 2013. My question is should I attempt a PFR on these or will they drop by themselves?


randeman
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Postby randeman » Mon Jan 14, 2013 7:17 pm

Negatives, with the exception of bankruptcy, drop off your report after seven years. Assuming the statute of limitations for suing you in your state has (or will soon) expire(d), I would leave them alone. They are causing you little to no difficulty at this point.
Cards and Credit lines Acquired:

Escape by Discover (7.75K), Barclay Holland America Visa (7K), Macy's store card (7K), Bloomingdale's store card (2.6K), Citi Custom Credit Line (3.5K), PayPal Smart Connect credit line (2.7K), Chase Freedom Visa (5K), Chase United MileagePlus Visa (5K), Chase Sapphire Preferred Visa (6K), Amazon store card (2.2K), Lord & Taylor store card (550), Nordstrom store card (1500), Gold Delta SkyMiles from American Express (3K), Discover It (6.5K), PayPal Credit Line (1K).

Baconman
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Location: Lake forest, CA

Postby Baconman » Mon Jan 14, 2013 7:38 pm

Thanks for the response Randeman.

That is what I was thinking so im glad you were able to validate for me.

MemberSince99
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Postby MemberSince99 » Tue Jan 15, 2013 8:18 am

randeman wrote:Negatives, with the exception of bankruptcy, drop off your report after seven years. Assuming the statute of limitations for suing you in your state has (or will soon) expire(d), I would leave them alone. They are causing you little to no difficulty at this point.


+1.

Only a little more time to go and it's off your reports.



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