Ok so Im sending out this PFD settlement offer to a CA. The account has really gone up with interest since being in collections over the years. Since Im trying to settle for a much smaller amount is it ok or a good idea to state in the PFD letter that the account is past SOL?
If you're absolutely positive it's past SOL, there's no reason not to point that out. It may give you a little leverage by helping them realize this PFD may be their only opportunity to collect.