FP settlement

[NWintellectual]

I have two old COs from FP. One ($486) is scheduled to roll off 10/2015 (DOFD Oct 2008), the other ($438) should roll off 07/2019 (DOFD July 2012). I need to get a car loan soon as my current wheels are not getting any younger. I spoke to the loan officer at my credit union and she said I needed 550+ TU with all collections/charge-offs paid or settled. So that means I need to pay these off, and I'm not concerned about PFD with these two because FP does not to PFD.

For anyone with this experience, around what percentage should I offer? The older one is outside SOL in California (4 yrs), where I lived at the time. The newer one is not, neither in California or Washington state (6 yrs), where I live now.

I was thinking 30% for the older one and 60% for the new one.

[Tdbremer]

I had a co with FP for $441, settled on $287. Just to give you an idea. Mine is fairly new, less than a year since the co. I think what you suggested is good but that's only a decision you can make. I always look at the cl and go off that. Mine was $300 and like I said I went with $287. Good luck!!