I have been trying to figure out if this account is being reported correctly and whether or not I should pay it? The DOFD is in April of 2014 I believe, so it is just about 2 years old. They do not seem willing to do a PFD, however, they have offered to settle for half. They appear to be updating each month, and I am not sure if it is effecting my score. However, on my Experian Fico report it shows the date of my last late as 6 months ago, which is the date this account was first reported. My issue is it is currently shown as a closed collection account. I have read several different things regading how closed collection accounts should report. Is this reporting correctly or should it be disputed? Any insight and recommation on how to proceed would be helpful. I plan on purchasing a home in the next year, so I am trying to move forward with the best course of action, even if it means it has to be paid. Thanks for your help!
