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Valued Contributor
John060675
Posts: 1,126
Registered: ‎08-29-2007
0

American General PFD Thoughts

Dear forum member,

 

Sorry for being so active in the amount of posts I have done today, but I am trying to start the New Year off right.  I have a past due amount of $2,700 from an old American General account from 2008.  They have charged off the account, but they still report monthly this way.  It is my assumption that they still own the debt, since they are reporting it still.

 

I want to send a PFD letter to them, but I was wondering if anyone has had luck doing such with them?  I am thinking of offering 50% to them, but maybe I should go a little less / more.

 

Thank you for your thoughts.


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Valued Contributor
John060675
Posts: 1,126
Registered: ‎08-29-2007
0

Re: American General PFD Thoughts

Bump


Starting Score: 583 EQ, 612 EX, 569 TU
Current Score: 658 EQ, 648 EX, 618 TU
Goal Score: 720 EQ, 720 EX, 720 TU


Take the myFICO Fitness Challenge
Valued Contributor
JM-AM
Posts: 3,303
Registered: ‎06-09-2010
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Re: American General PFD Thoughts

 


John060675 wrote:

Bump


 

 

How much to offer is basically something you have to decide. While the offer is not a payment in full I would expect them to counter with payment in full since with-in SOL. You should have the full balance available just in case they refuse to accept any offer from you and just decide to take you to court and sue you. Not all creditors/lenders will sue you but you need to be aware that they can and you should be prepared. Good Luck

Good Luck
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