01-22-2013 08:36 PM
Thanks to this board and the people who have so generously offered their expertise, I am down the final 2 negative items remaining on my CR's.
I have a CO from Capital One (formally Household Bank). The CO amount was $239, DOFD was 11/2006. It was bought by Midland and Midland is
reporting a balance of $813! I know this account is past SOL and is should be falling off soon, but love to just get it off!
My question...Should I send a PFD to Midland for the original CO amount of $239? Would that be a good place to start? I am really hesitant to
wake a sleeping giant, so any help would be greatly appreciated!!
01-23-2013 02:29 PM
Thought I would *bump* this post...hoping someone has some advice for me as to what to do next!
01-24-2013 06:03 PM
Yes it is old and getting older. I would advise settling it so it doesn't show up with a bottom feeder. Send a PFD for $150 or so and see what they reply back with.
01-24-2013 07:00 PM
Thanks Shogun! I'll try that and see what happens. By doing that, it shouldn't re-age it with the CRA's though, should it?
01-24-2013 07:13 PM
No, a CA can't change the DOFD so it would not change. Plus, it has a contingency, if they agree to it, then it's gone anyway.
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