Rebuilding Your Credit

[kobe2012]

So, I emailed them again and gave an offer... someone from the office replied and said they can't take the offer... "if i pay the full amount by 10/31, they will delete"...lol...he gave me one day!!!! haaaa... the worst deal ever!!

[kobe2012]

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MikeC80 wrote:

What's the name of the collection company?

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it was fidelity credit services

[diabla]

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kobe2012 wrote:

So, I emailed them again and gave an offer... someone from the office replied and said they can't take the offer... "if i pay the full amount by 10/31, they will delete"...lol...he gave me one day!!!! haaaa... the worst deal ever!!

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LOL, that's horrible!  How bad is it hurting you?  If its not causing you too much trouble, I'd let it drop before I paid them in full.

My ex had a collections from 2002 for $1000, they offered to settle for 10%, lol.  Way past SOL and probably not even on his report any longer, they just want something, anything, to keep their lights on! 

I'm surprised your CA is not being more flexible.  Maybe they think they will try for the highest first before they fold.  Try an actual letter instead of an email, it might go to someone different who will accept.

[kobe2012]

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diabla wrote:

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kobe2012 wrote:

So, I emailed them again and gave an offer... someone from the office replied and said they can't take the offer... "if i pay the full amount by 10/31, they will delete"...lol...he gave me one day!!!! haaaa... the worst deal ever!!

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LOL, that's horrible!  How bad is it hurting you?  If its not causing you too much trouble, I'd let it drop before I paid them in full.

My ex had a collections from 2002 for $1000, they offered to settle for 10%, lol.  Way past SOL and probably not even on his report any longer, they just want something, anything, to keep their lights on! 

I'm surprised your CA is not being more flexible.  Maybe they think they will try for the highest first before they fold.  Try an actual letter instead of an email, it might go to someone different who will accept.

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Its a 6+ old account..is about to drop on 7/2013 or 8/2013 ... Its not really hurting me as i got the cards i wanted and will be gardening for a while.. i was hoping they will take it since its gonna be deleted soon... Lol, but of course, they will try to do their best to make money...oh well, ill probably just wait 8 months 

[RobertEG]

You can certainly, based on its impending CR exclusion, choose not to pay the debt.

However, there are still compelling reasons to do so, outside of simple credit report issues.

While future creditors wont be able to uncover the fact of old, unpaid delinquent debt by a simple pull of your CR, that does not make the debt go away, or serve as basis, if asked, to state that you have no unpaid, delinquent debt.

It is always preferable to be able to honestly answer....No.

As for the original question of the post, the statute requires a DV to be "in writing."  I would avoid any issue of whether an email is "in writing" by sending snail mail.

[intherightdirection]

Thanks, Shogun. I have some PFDs to write as well for accounts past SOL, but was still unsure what to say and how much to offer.

[Shogun]

They offered to delete,  now had they agreed to the amount you offered, they would have gotten some money.   I do agree with RobertEG though in getting rid of the debt if possible.  The bottom feeders that come out later during Zombie debt are a less conforming to rules and regulations.  I'd write back and just ask how much exactly would it take to end this now.  Just a suggestion.  Good Luck.

[kobe2012]

So, I emailed them again last week and still hasn't gotten the usual quick response from them (by mail or email)... I asked who was the "true" lender of the account and when was the date of first delinquency occurred... I told them the validation wasn't so clear to me as the OC on the statement they sent was from the school but the loans on the statement were from department of education and a private lender (TFC -- this was the lender what went charged off and went to collection --  just recently got deleted off of my reports)... i do believe that when TFC went to collection, it was sold to this company "fidelity" and instead of TFC as the OC, they reported the name of the school as the OC instead...... so now, the delete date was moved to 06/2013 instead of 12/2012...... this last collection should've off of my reports this month or next month but now, I have to wait anoter 6 months or so to get deleted...... how can I verify all these infos???