Is 20% ok to ask for PFD on an account with DOFD of 07/07?

[sharriel]

I am getting ready to send out 2 PFD's to Capital One.  1 has DOFD 05/07 with $1500 balance, 1 has DOFD 07/07 with $1800 balance. 

Each had an original CL of $500.

Do you think I should start sending a PFD of 20% for each?

[cwwatts1202]

Cap 1 doesn't do PFD even if you PIF...

[DaBears]

at 20% your only going to pay $360 on a bal of $1800 and the $1500 would be $300. Paying that will still affect your utilization. 

[guiness56]

It shouldn't affect utilization because it would be considered paid and they would need to reflect a 0 balance.

[DaBears]

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@guiness56 wrote:

It shouldn't affect utilization because it would be considered paid and they would need to reflect a 0 balance.

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That is true, I should have looked at that way. Going back to bed This flu is killing me!!!!! Blah

[sharriel]

So, should I try??

[guiness56]

Why not.  Even though they have a habit of saying no, if you look through the threads, they do say yes.

[Shogun]

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@guiness56 wrote:

Why not.  Even though they have a habit of saying no, if you look through the threads, they do say yes.

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This is why we love guiness!!!!   They can say No 1,000 times, but it only takes one yes.  

[DaBears]

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@Shogun wrote:

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@guiness56 wrote:

Why not.  Even though they have a habit of saying no, if you look through the threads, they do say yes.

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This is why we love guiness!!!!   They can say No 1,000 times, but it only takes one yes.  

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Yes we do!!!! Guiness give very good advise. I can't take anything awy from Shogun either. He loves my Chicago BlackHawks!!!!! 

[sharriel]

You are ALL amazing in my book!

SO, here's another question...if I settle and then the SOL runs out, any mortgage lender won't require me to PIF right?