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What % to offer to OC & CA for CO CC?

tag
Anonymous
Not applicable

What % to offer to OC & CA for CO CC?

With CO with Cap1 and CA, what % to offer with original credit line $300, now $1100 making util 145%?  I have a few of these.
Message 1 of 3
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Anonymous
Not applicable

Re: What % to offer to OC & CA for CO CC?

Should I start at 50%?
Message 2 of 3
llecs
Moderator Emeritus

Re: What % to offer to OC & CA for CO CC?

IMO, do 100%. Why? As per the OC CO, assuming you can't get a PFD or even if you want one based on age, a PIF balance can increase your odds in getting a GW accepted to change wording on CR, lates, etc.
 
A CA, in our experience anyway, offered a settlement and we accepted (years ago before this forum). We paid 70% I think and that was that. But that CA sold the balance (30%) to another CA and on it went. Also a PIF CA is easier to remove than a settled CA, again assuming PFD doesn't work.
Message 3 of 3
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