It's old, getting older. Send a PFD for whoever has it. Check the SOL for your state, most likely this account is well beyond the SOL. That may play to your advantage. Send the PFD, state in there, I found this on my CR, I understand that it is old and past the SOL for my state. I don't remember this particular account but in a gesture of GW I would like to make amends and offer payment on the basis that you return the act of GW and delete it from my CRs. Put something along the lines of that, maybe you will get lucky!
July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
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Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
June 2017 update: All scores over 820, just pure gardening now.
@bettercreditguy1 wrote:One thing to remember. As the market changes. You may move or need to change back to them or an affiliate some time. Your best bet is to take care of the debt so you never need to worry about it coming back to haunt you.
Words of wisdom!
Also about SOL, make sure you check SOL in your state. Just because its off your reports does not mean its not within SOL - RI's SOL is 10 years for contractual debts - so in essence it could be off your reports for 2.5 years and they still have the right to whack you with a suit.
Granted there are other states where its only 5. So before you do ANYTHING except for PIF, make sure you find out what the SOL is.
Don't even try to settle on it for anything less than 100% unless you are for certain its 100% out of SOL. There have been people on here who tried to PFD with a lesser amount and then they got slapped with a suit for the full amount. Tred lightly till you are certain its out of SOL - don't want to wake the sleeping bear.
