09-09-2009 01:44 AM
Hello everyone. This is my first time actively asking questions on the forum here. I have a charged off Dell DFS/Citi account from 2005-2006. My first question is should I PFD this? I have the money to do this, and would like to get rid of this bad mark on my CR's for good.
Here is what I am proposing to send to Dell:
September 9, 2009
Dell Financial Services L.P.
Attention: Credit/Collections Department
12234 North IH 35Building B
Austin, TX 78753
Re: Collection Account for Dell Preferred Account #: 00000xxxx
To Whom It May Concern:
This letter is to inform you that the validity of this debt is disputed. The account number I have is the one listed on my Experian credit report – which omits the last few digits.
In the spirit of compromise, I am willing to pay this account IN FULL if you agree to immediate deletion of this account from any and all credit reporting agencies (Equifax, Experian and TransUnion). The purpose of this settlement is merely to have this item removed from my credit files. It is not to be construed as an acknowledgment of liability for this debt in any form.
If you agree to the terms and accept this agreement, certified funds for the settlement amount of twenty-five dollars ($1581.00) will be sent to DFS Collections in exchange for full deletion of ALL references regarding this account from my credit files and full satisfaction of the debt. As certified funds will be used for payment, there shall be no waiting period regarding the deletion of this account from the credit reporting agencies.
DFS/Citi agrees to delete ALL information regarding this account from the credit reporting agencies WITHIN TEN CALENDAR (10) DAYS following receipt of payment as specified above and will not discuss the terms of this settlement with anyone, excluding your client on this account. If contacted by any third party, including credit-reporting agencies, DFS/Citi will not acknowledge that any settlement offer was made, accepted or executed and will, in fact, deny knowledge of any such account.
If you agree to the above terms, please prepare a letter on your company letterhead explicitly agreeing to the same terms as the above settlement offer and have it signed by an authorized representative of DFS/Citi. It will be implied that this letter shall constitute a legally binding contract, enforceable under the laws of my state.
Your response must be postmarked no later than 15 days from your receipt of this settlement offer or this offer will be withdrawn and I will request full validation of this alleged debt, as provided for by the Fair Debt Collection Practices Act. Please address all correspondence regarding this account to:
Does anyone have any suggestions for improvement or perhaps a better game plan. Thanks in advance!
My EQ TL for this account:
09-09-2009 06:37 AM
Hello, I have an account with Dell/Cit bank as well. it's my worst account with several late payments. I had one 150 day payment adjusted to good status but it was the truth, Dell reported it wrong...so I didn't get any gw adjustment.
I have gw'd them for weeks and weeks and weeks - with no success. I keep doing it...hoping for the right person at the right time, but honestly, I have five or more late payments - maybe the scenario would be different if I only had one late payment.
IMHO - you could TRY to do a PFD, but I don't think you will have much success...I would just pay it - here's why I would, it keeps the bill collectors off of your back and your inquiries down...and another CA reporting on your credit report...also, I am not sure if OC's are into doing PFD's, that seems to be an avenue for CA's...but it's worth a try. I tried and didn't have success with another cc of mine. I just paid them directly.
Do you have a CA reporting on your credit report as well? Dell tends to use United Recovery Systems.... United Recovery Systems is NOT a junk debt buyer...they get people to get their payments back on track, then turn the account back over to the OC...
09-18-2009 04:24 AM
Well I found a contact name for Dell Financial Services head of their Collection Department. His name is Charles Simpson. Sent an email to offer a PIF with an explanation of why I could pay at the time, and requested that in return for payment to remove the derrogatory information from my credit files. Tried several different emails with that name until I didn't get a return to sender. If no luck, I plan to try the snail mail route. Hope this helps someone in the same boat!
09-18-2009 05:50 AM
check your credit report for inquiries from a CA....when i got behind, they used United REcovery systems (Experian) and did FIVE hard inquiries, one or two a month. killed me.
i'd take care of it before a CA reports....
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