LOWEST AMOUNT OFFERED FOR SETTLEMENT PFD?

[Kixforpa]

Hey guys! I just want to know if there is a general rule of thumb when offering a settlement number? Do you start with 10% ? Is that insulting? For example: I have the follwing debt: See below. Will sending a PFD for $16.oo be insulting? Would you work with that? Just want some opinions on what would be a good starting number to offer. Thanks in Advance!

CREDIT PROTECTION ASSOC  #165606****

13355 NOEL RD STE 2100 DALLAS, TX 75240

(972) 233-9614

Placed for Collection: 10/05/2011 Responsibility: Individual Account Account Type: Open Account Loan Type: COLLECTION AGENCY/ATTORNEY	Balance: $161 Date Updated: 12/31/2011 Original Amount: $161 Original Creditor: COMCAST (Cable/Cellular) Past Due: >$161<	Pay Status: >In Collection<
Remarks: >PLACED FOR COLLECTION<

[js0319]

Think about it this way...who's really got the upper hand on a $161 collection? If you want to make it go away, you have to offer enough for them to WANT to make it go away. For a PFD on an amount like this, I'd be offering 100% - but that's just me.

[JCSC]

I am dealing with a collection from Comcast through Credit Management.  I offered multiple amounts and they sent a response to a full PFD saying they would delete upon payment.  They are only a collection agency making a percentage on what they collect, they do not own the debt.  Good luck.

[Kixforpa]

Thank you for the advice. I will take that into consideration when offering them an amount.