Convergent Outsourcing - PIF/Settlement?

[SoCal13]

Hi all,

I've been stalking the forums for some time, but am now looking for feedback regarding a settlement offer...

This notice is being sent to you by a collection agency. The records of Springleaf financial Services show that your account has a past due balance of $799.67.

Our client has advised us that they are willing to settle your account for 50% of your total balance due to clean up your past balance. The full settlement must be received in our office by an agreed upon date. If you are interested in taking advantage of this offer, call our office within 35 days of this letter. Your settlement would be $399.84 to clear this account in full. 

....

I have the money to PIF, but  would I see any score increase difference if i take the settlement?

[xqti254]

I was able to get them to delete with full payment. The settlement will still show as a collection. Deleting the collection is the only option that will result in a score increase,

[RobertEG]

+1

If they wont accept a PFD, at the least, get their agreement not to post a paid/settled for less special comment.

[Shogun]

Respond to them asking for a deletion at this discounted price.  Maybe they say no, maybe they say yes, maybe they counter with a different amount.  It's worth a try.

[SoCal13]

I called the CA and they said they have no control of the fico entry since they didn't ding my CR - only the OC did...
I guess I'll try snail mailing the PFD letter?

[LIGHTNIN]

Hi SoCal13,

Let's start at the beginning.Take a breathe and do your homework, before doing anything.

Do you have your current or a recent CR's?    Is the OC reporting or the CA? or both?

Do you know the DoFD on this debt?

EQ CR's list the DoFD, if the OC is reporting it should list it.

Do you know if this debt is passed your states SOL?

if you dont know, just tell us what state you live in.

Well that's enough to start with, talk with you again soon.

[SoCal13]

Hi LIGHTNIN,

I've addressed your questions below:

1. Do you have your current or a recent CR's?

Yes, I just pulled my EQ fico score a few days ago.

2. Is the OC reporting or the CA? or both?

Only the OC is reporting.

3. Do you know the DoFD on this debt? EQ CR's list the DoFD, if the OC is reporting it should list it.

I reviewed the entry on the CR -  it shows that the account was opened on 7/30/10, and the last payment was on 11/30/10. 

4. Do you know if this debt is passed your states SOL? If you dont know, just tell us what state you live in.

I reside in California. I believe the SOL is 4 years.

[LIGHTNIN]

Debts are either sold to CA's or assigned to CA's with the OC still owning the debt.

Some CA's report to CRA's while others do not. Oh and some CA's will report, after you paid them.

What you don't want to happen is.....have a CA or a judgment reported on your CR, that will have a huge ding to your CS.

If the OC is still reporting a balance, then the OC may still own the debt.

You could contact the OC see if, they would accept payment and pull the debt back from the CA.

Or you can deal with the CA, as long as they agree to not report, after you paid them.

You can change the wording of the PFD Letter,   to Pay for Not Reporting.  

Very important, get a agreement in writing before paying.

[TrishN]

i sent them a DV . no response after 45 days.

i sent PFD(PIF) no resonse too

then i have to do dirty way.

i called them and paid for it.

after it paid . i dispute all 3 CRA complaint to BBB complaint with AG and FTC. 2 months latter..... gone

[SoCal13]

UPDATE:

I tried a PFD letter and recieved no response...I also called in (a couple different times) and was told that they wont PFD. Nor would they accept a settlement with a special comment. So,  does a nyone have a backdoor email/number for Convergent Outsourcing, Inc. they can share/PM?

Thanks!!