Reply
Established Member
Posts: 51
Registered: ‎11-20-2012
0

Informal PFD

Hi. So I was wondering does a PFD have to be so formal as the examples on here? I know it has to have a line stating that you are not claiming the debt. But as far as everything else does it have to be on there? I had one person even though they did delete for me say that they recieved my correspondence by mail "some sort of form letter." I'm just wondering does anybody have an expample of one that is less formal that they are willing to share or is the one on here the only way to go. 

Valued Contributor
Posts: 2,660
Registered: ‎04-25-2011
0

Re: Informal PFD


FluteLadyWHS12 wrote:

Hi. So I was wondering does a PFD have to be so formal as the examples on here? I know it has to have a line stating that you are not claiming the debt. But as far as everything else does it have to be on there? I had one person even though they did delete for me say that they recieved my correspondence by mail "some sort of form letter." I'm just wondering does anybody have an expample of one that is less formal that they are willing to share or is the one on here the only way to go. 


PFDs are essentially good will letters, so you can make them any way you think will work.. I have made very very very informal PFD offers that have been accepted.. :smileyhappy:

 

-scott

Starting FICO Score: 10/10: TU 498 | EQ: 502 Current FICO Score(lender pull): 09/14: TU: 784 | EQ: 752 | EX: 784
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


Positive Accounts:10/10: 0 | 07/12: 6 | Mortgage Closed 5/12, Macy's AMEX $13900, Citi/Home Depot $8500, Capital One Cash Rewards $3500, BOA $7500 Total Utilization: 3%. AAoA: 2yr, 9mth. INQS: 1 TU, 1 EQ, 3 EX
Mega Contributor
Posts: 19,518
Registered: ‎03-19-2007
0

Re: Informal PFD

Many of the sample PFD offers make requirements that may mitigate against a feeling of GW, not assist it.

Much of a PFD negotiation may require a degree of trust.  A creditor or debt collector may balk at putting their agreement in writing, particularly under letterhead signed by an officer, as many sample PFDs steadfastly demand.  Deletions based on payment are contrary to their credit reporting agreements, and thus putting such "agreements" in writing may be an issue.

However, since they dont have to provide a reason to the CRA should they simply report a deletion, they may be more inclined if not required to provide written agreement.

 

Many also recommend never to call a debt collector.  While there is some wisdom in that recommendation, one might have more success with oral negotiations.

 

It is always best to have any agreement in writing, but if it becomes a show-stopper, you might choose to back off.

Established Contributor
Posts: 509
Registered: ‎10-25-2012
0

Re: Informal PFD

+1 Just be clear with your request, state your situation, and don't be hostile or confrontational; I know people who were like that and never got the collector to agree to anything.

NFCU CashRewards $13.5k | AMEX BCE $15k | Lowes $17k | Sportsmanss guide $6.6k | Chase Freedom $1k | Discover IT $1.4k |
Walmart $8k | Gordman's $2550 |
Scores: EQ: 676 EX: 714 TU: 725 Goal: 750 across the board

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). 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.