I've been lurking these boards for a while and they have helped me understand my credit and scores. I have a question... Recently my B of A account was turned over to LTD Financial Svcs for overdrawn which they had closed. I had sent them a PFD letter, I sent it certified. 2 weeks ago I recieved a letter from them stating they would like to offer me a settlement to help me resolve this account. I have checked my credit report and it seems they having reported me yet (I thought they did).
What should I do? I tried to call the bank and see if I could just pay them directly but they told me No. I've read so many bad things about LTD so I'm a little confused on what to do.
Thanks in advance.
See if you can do a modifed PFD with LTD in that if you pay them, they won't report.
I too received a letter from LTD and BofA recently, same scenario.
I just spoke with a rep from there and she said they won't report to the credit bureau if I pay this week. She said I could go into the BofA branch and pay it in the next 7 days and it won't be turned over to a CA that will report on my credit report.
I am planning to go to BofA this week, pay off the account, keep the receipt and hope it doesn't ever show up on my reports. I asked for a PFD but she said no because they don't report! I'm like scratching my head right now. I guess I need to do more research. How did it go for you?