FIRST PREMIER BANK CHARGE OFF

cyberone28 · ‎10-21-2013

ok i have a charge off with first premier bank, for $486 they havent report since APRIL 2013 and i know is factoring in my UTILI,...

what are my options..

what are my options? i read that FP dont like to PFD... should i settle? or PIF?

how this will impact my credit?...

i need you guys to point in the right path!!!

KUDOS TO YOU ALL!!!

Hey my credit is not that bad.. at least i got a couch with a 87% APR

Starting Score: 462 journey started on 3/29/2013
Current Score: EXP 715 EQ 720 TU 700 Barclaycard fico
Goal Score: 700+ one day update... 750+ across the board

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llecs · ‎10-21-2013

I'd at least try with a few PFD letters. If not, settle and/or PIF, and then GW later.

choppa02 · ‎10-21-2013

FP would not accept my PFD so I settled the account, they marked it as legally paid in full for less than full balance. They won't budge on my GW letters either, maybe if I had PIF I would've had a better shot.

RobertEG · ‎10-22-2013

If you pay in full, they obviously cannot report the special comment of paid for less.

Other creditors, in a manual review of your CR, may consider a paid for less as an indicatin that the consumer has a history of not payig their entire obligated debt, and thus they might take a loss if they extend credit. It is always best, except for $$ out or pocket, to PIF.

A personal decision.