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diabla
Posts: 230
Registered: ‎10-01-2012

Do PFDs seem to work mostly for PIF, or lower offers?

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‎10-18-2012 08:07 AM

I have a PFD where they agreed but only if I paid the full amount.  They had previously offered me a substantial discount (30%),  payment plan, but then only agreed to update the credit report to PAID.  I wanted the delete, so I agreed to PIF.  This is my only PFD so far but have a few more planned, so I'm wondering what your successes have been as far as getting PFDs for lower amounts, or do you find that CAs will only PFD if you pay the entire amount?

 

Does it differ with medical or other collections?

 

Thanks!

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Valued Contributor
rckstrscott
Posts: 2,244
Registered: ‎04-25-2011

Re: Do PFDs seem to work mostly for PIF, or lower offers?

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‎10-18-2012 08:12 AM

diabla wrote:

I have a PFD where they agreed but only if I paid the full amount.  They had previously offered me a substantial discount (30%),  payment plan, but then only agreed to update the credit report to PAID.  I wanted the delete, so I agreed to PIF.  This is my only PFD so far but have a few more planned, so I'm wondering what your successes have been as far as getting PFDs for lower amounts, or do you find that CAs will only PFD if you pay the entire amount?

 

Does it differ with medical or other collections?

 

Thanks!

PFD very rarely works for less than full amount, from what I have seen..

 

Also, PIF helps if they DON'T agree to PFD, because I have found its easier to GW away a PIF account than it is to GW away a settled account...

 

-scott

Starting FICO Score: 10/10: TU 498 | EQ: 502 Current FICO Score(lender pull): 05/12: TU: 722 | EQ: 712 | EX: 686
Collections Removed: Hunter Warfield, CBE Group, Merchants Credit Guide, EOS-CCA, Enhanced Recovery, Portfolio Recovery, UCB, American Collection Company, Medical Business Bureau, Jefferson Capital, Credit Portfolio Associates, FCO, LVNV, Convergent, Armor Systems
Other Negative Entries Removed:Plains Commerce CO, HSBC CO, 2008 Judgment Santander Reposession
Still Working On: Illinois Paid Tax Lien,
Positive Accounts:10/10: 0 | 07/12: 6 | Mortgage Closed 5/12, Macy's AMEX $3900, Citi/Home Depot $2000, Capital One Cash Rewards $1500, Capital One Secured $500, Credit One Bank $500. Total Utilization: 6%. AAoA: 1yr, 7mth. INQS: 8 TU, 8 EQ, 4 EX
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