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Question By
Fastball111

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why did my credit score drop for making a $64 payment to elan financial?
who can i contact to remedy this?

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Top Contributor
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if they are a debt collector its becuase you just made an old debt new by making a payment, which makes the negative account weigh more on your report, and likely reset the statute of limitations for them to sue you..

Reply by
Fastball111

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the account was and active, current credit card. the payment actually paid more than the balance and gave me an extra $60 credit on the card....no late or debt collections on my account, this is an account in good standing with no late payments ever...

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