Absolutely you can offer a PFD for a discounted price!
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Works either way, but I'd save the money that you want to settle for, then offer it. That way if they accept, you could do the deal right then.
Starting Score: 504Current Score: EQ FICO 819, TU08 775, EX "Who Knows?" Quizzle 756
Goal Score: All Scores 760+, Newest goal 800+
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ForMyWife wrote:What I am trying to do for my wife is this....
She has a large outstanding balance with a CC that is more than likely charged off...She was receiving letters for a settlement for about 50%, now those have stopped and a different company is asking for the full amount. We will be in a position to pay a settlement (at 40%-60% of original balance) in then next 60 days, should we send a PFD letter and start at 40%?
Be careful doing this,beacuse they can sell the remaining bal. to another CA.
Not if you have it in writing that the debt was satisfied, they cannot turf it to a new CA.
Starting Score: 504Current Score: EQ FICO 819, TU08 775, EX "Who Knows?" Quizzle 756
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge
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