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Frequent Contributor
Posts: 421
Registered: ‎08-03-2012
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JDB more likely to pfd at end of year?

we just bought a new car this weekend. Paid cash so no financing. But, it got me wonderitheir the  JDB was similar to car dealerships. We made an excellent deal at the dealership because it was the end of the year!

 

we want to pfd 4-5 accounts and I'm wondering if we would have more success here at the end of year.  What do you think? Anybody have experience with that?

Moderator Emeritus
Posts: 32,865
Registered: ‎08-04-2007
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Re: JDB more likely to pfd at end of year?

I used to send several PFDs monthly over the course of a couple of years. IME, it didn't make a difference. Just be persistent. It's a numbers game.

Valued Contributor
Posts: 2,669
Registered: ‎04-25-2011
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Re: JDB more likely to pfd at end of year?


llecs wrote:

I used to send several PFDs monthly over the course of a couple of years. IME, it didn't make a difference. Just be persistent. It's a numbers game.


+1

 

Try different approaches and contacts as well

 

-scott

Starting FICO Score: 10/10: TU 498 | EQ: 502 Current FICO Score(lender pull): 09/14: TU: 784 | EQ: 752 | EX: 784
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Valued Contributor
Posts: 1,772
Registered: ‎10-28-2011
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Re: JDB more likely to pfd at end of year?

A year ago I started with 7 collection accounts.  All of them except one accepted a PFD.  No matter how I approached it same answer no.  I got all but one removed simply by paying the account in full then sending GW letter asking kindly to remove the tradeline.  I think GW letter work more in favor then PFD letters.  Just my 2 cents

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Valued Contributor
Posts: 2,669
Registered: ‎04-25-2011
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Re: JDB more likely to pfd at end of year?


rootpooty wrote:

A year ago I started with 7 collection accounts.  All of them except one accepted a PFD.  No matter how I approached it same answer no.  I got all but one removed simply by paying the account in full then sending GW letter asking kindly to remove the tradeline.  I think GW letter work more in favor then PFD letters.  Just my 2 cents


Also agreed. I had 3 successful PFD and 13 successful GW after the fact

 

-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
Established Contributor
Posts: 560
Registered: ‎09-29-2012
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Re: JDB more likely to pfd at end of year?


jzsnow wrote:

we just bought a new car this weekend. Paid cash so no financing. But, it got me wonderitheir the  JDB was similar to car dealerships. We made an excellent deal at the dealership because it was the end of the year!

 

we want to pfd 4-5 accounts and I'm wondering if we would have more success here at the end of year.  What do you think? Anybody have experience with that?


I doubt it.  

 

 

I don't think it would make any difference to the time of the year, especially if that JDB is allowed to keep adding interest.

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