Chances of Removal With This Technique

[John060675]

I know I have asked a similar question before, but I want to through this idea out to the forum for thoughts on success rate.

I have an old CO from PenFed for just over $15,000 (credit card).  The debt is well past SOL, and is set to drop off my report in just over 2 years.  Of course I want to get it off sooner, but I definitely do not have even close to that amount to pay (nor will I).

The debt has been picked up by a collection agency that as far as I can tell is owned by PenFed.  I assume it is their internal collections, or at least an offshoot of their parent company.

My idea is to write PenFed (original creditor) and offer them $5000 for the settlement of the debt.  They must pull back the debt and remove it from all credit reporting agencies.

What do you think their response will be?  I have not heard of many people trying to settle with PenFed, but I assume they would prefer some instead of none. 

I appreciate any thoughts.

Thank you.

[guiness56]

Sounds good. 

I can't even guess what they may say.  My take on it is they would be glad to get any money at all.