09-24-2010 09:50 AM
Hey all! Well as I continue my journey to recover my credit, next on my list was to tackle IC System, Inc. I sent them a PFD letter for the full amount owing, and they refused! Yes I am shocked lol..."we do not instruct those agencies to delete account information once an account is paid. We notify them when and if you have paid your account and the date payment was recieved". What do I do now? I really want them to remove it obviously. Should I send another PFD letter, or just pay it and let sit on my report as paid? :=(
09-24-2010 10:34 AM
It really is your call, however I have responded to "we do not instruct those agencies to delete account information once an account is paid. We notify them when and if you have paid your account and the date payment was recieved" letters with a 'I don't pay CA's unless they delete their reporting from the CRA's".
Honestly, it is counterproductive for a CA to be steadfast in their refusal to delete. If I'm offered a delete, I pay. If they refuse, I don't.
09-24-2010 07:14 PM
Has the SOL expired?? If SOL has expired, that gives you more leverage when PFDing. I
09-24-2010 07:54 PM
It may appear counterproductive for a CA not to accept a PFD offer. However, it is against their credit reporting agreements with the CRAs to delete prior, accurate credit reporting based on subsequent payment of the debt.
The CRAs mutually established this instruction in order to preserve the integrity of the credit reporting and scoring system. A CA can, of course, always ignore their reporting agreement with the CRA, and do a PFD. It is not illegal, and some witll and some wont.
I would also offer some caution in just pursuing renewed PFDs, and not paying unless they accept. They can treat PFD offers in several ways. They can throw it in the trashcan, and never even respond. They can just renew their statement of refusal. Or they can bring legal action.. If you want to continue PFD offers, it is advisable that you clearly know your state SOL. PFD offers are not without peril.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.