Reply
New Contributor
phix
Posts: 56
Registered: ‎11-11-2011
0

DirecTV Debt Forgiveness SEMI-SUCESS!

As part of my strategy I've been working on getting original creditors to forgive debt, while I got Dish Network to forgive ALL of it I was only able to get DirecTV to get my balance from $433.00 to $159.05, which is only about 29%, it would be only $60 or so dollars if I returned the HD reciever, which I may still have in my storage unit, which means that would be only 11% settlement! Not bad for a few days work!

FingerHut - $2,300 | Nordstrom Retail - $500 | Capital One QuicksilverOne - $500 | Credit One Bank Platinum - $450 | Victoria's Secret - $250

Current Scores: TU: 573, EX: 512, EQ: 584 (MPM Scores)
Community Leader
Mega Contributor
coldnmn
Posts: 15,818
Registered: ‎08-08-2011
0

Re: DirecTV Debt Forgiveness SEMI-SUCESS!

Congrats!

My Wallet /US Bank Cash+ Signature $10,000/ Ace US Bank Signature $10,000 / Sam's Mastercard $8500
/ Walmart Mastercard $8000 / Discover IT $5000 / Care Credit $5000
/ Husqvarna $5000 / PayPal SmartConnect $4800 / Cap1 Quicksilver $4000 / Barclay Ring $3550
Last App 8/12/14 /

Mega Contributor
RobertEG
Posts: 18,462
Registered: ‎03-19-2007
0

Re: DirecTV Debt Forgiveness SEMI-SUCESS!

Bottom line, in my opinion, is that regardless of the final amount of any settlement, it will remove unpaid delinquent debt from your credit.

That fact can come back to bite you in future quests for credit, regardless of whether it shows in your CR,

 

Additionally, if the creditor has reported the debt, then if you settle for less, they can add that comment to your CR, which can in itself be a negative in future quests for credit.

If it is reported and they dont additionally agree not to report paid for less if you settle, then a PIF may be worth spending the additonal $60.

 

New Contributor
phix
Posts: 56
Registered: ‎11-11-2011
0

Re: DirecTV Debt Forgiveness SEMI-SUCESS!

This is strictly a CA, there is no original OC on my report; they will report as paid once I send in the payment to the OC.

FingerHut - $2,300 | Nordstrom Retail - $500 | Capital One QuicksilverOne - $500 | Credit One Bank Platinum - $450 | Victoria's Secret - $250

Current Scores: TU: 573, EX: 512, EQ: 584 (MPM Scores)

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}