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My first PFD denial...

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Ravensfan2001
Established Contributor

My first PFD denial...

I received a letter today from Suburban Credit Corporation:

 

Reference your letter requesting a settlement of $178.00, BestPractices, Inc has declined this offer. However, upon receipt of $278.00 a request will be submitted to remove all reporting done to any of the credit reporting agencies for these accounts.

 

So does that mean that SCC is representing BestPractices? SCC is reporting, BestPractices is not reporting. Anyway, my next step is... ? Can I try for $178 again? What should be my next offer?

 

BTW, the $278 is for 3 accounts with BestPractices. Only 1 account is reporting with DoFD of 08/2008.


Starting Scores: (4/16/12 lender pull) TU 596 | EX 550 | EQ 576
Current Score (9/3/15): Wally TU 639 | Amex EX 628 | DCU EQ 639
Goals: Homeowner as of 9/27/2013. Last app 8/1/15. TU-5; EX-16; EQ-13. Aiming for ZERO inqs.
Message 1 of 21
20 REPLIES 20
jzsnow
Frequent Contributor

Re: My first PFD denial...

Sounds like its a pfd success! They asked for $100 more and a delete! I'd do it.
Message 2 of 21
DiabolicallyRandom
Established Contributor

Re: My first PFD denial...

Perhaps they are the same company. If they are offering 3 accounts for 278 and deletion, I would be inclined to take it. Just because the other two arent reporting doesnt mean they cant. Often times with small debts I have found that they are less likely to settle for deletion.

Message 3 of 21
Ravensfan2001
Established Contributor

Re: My first PFD denial...

Darn, I was trying to save some money to pay bigger PFDs. But I guess I gotta do what I gotta do. But you're right. I did not look at it as a success because they did not accept my offer. But it's right there in writing.

 

Now, is this my proof that they will delete? If I send the check right now, and the account does not come off my reports in 60 days, I can complain to BBB?


Starting Scores: (4/16/12 lender pull) TU 596 | EX 550 | EQ 576
Current Score (9/3/15): Wally TU 639 | Amex EX 628 | DCU EQ 639
Goals: Homeowner as of 9/27/2013. Last app 8/1/15. TU-5; EX-16; EQ-13. Aiming for ZERO inqs.
Message 4 of 21
guiness56
Epic Contributor

Re: My first PFD denial...

Yes, they are deleting.  And yes if not off in 60 days file a complaint for them not honoring a written agreement.

Message 5 of 21
DiabolicallyRandom
Established Contributor

Re: My first PFD denial...

I would send payment back with another letter stating "as agreed upon" and the terms, along with a copy of their letter.  Most CA's are actually really good about deleting when they agree to, especially when in writing.  If they dont delete or it updates inappropriately I would call them and ask them correct it before complaining to the BBB.

Message 6 of 21
ApexdvToo
Regular Contributor

Re: My first PFD denial...

To add to the above, I would spend the extra $5 or what-have-you and send a cashiers check rather than a personal check. This would prevent the CA from having your account details.

Starting Score 4/15/2012:579 Ex-FAKO, 572 Eq-FAKO, 546 TU-FAKO (all were sub-500 in 2011)
FICO as of 3/08/2013: 627 EQ, 647 TU
FAKO as of 3/23/2013: 638 EX, 652 EQ, 648 TU
Goal 1: 600 FICO achieved 10/2012!, Goal 2: 650 FICO Across the Board - Let's take Baby-Steps!
**Amex Optima $1.3k, GE/CareCredit $1k, CapOne Secured $900, Barclaycard Rewards $500, CapOne Rewards $500, Citi/Shell $200**
Seedling Garden Club Member - Last App: 03/18/2013 - Goal: No apps for One Year: 3/18/2014
Message 7 of 21
guiness56
Epic Contributor

Re: My first PFD denial...

They are agreeing to delete for full payment.  I would never send a personal check to a CA.

Message 8 of 21
Ravensfan2001
Established Contributor

Re: My first PFD denial...

Agreed. I would never send a personal check, either. Thank you!

Starting Scores: (4/16/12 lender pull) TU 596 | EX 550 | EQ 576
Current Score (9/3/15): Wally TU 639 | Amex EX 628 | DCU EQ 639
Goals: Homeowner as of 9/27/2013. Last app 8/1/15. TU-5; EX-16; EQ-13. Aiming for ZERO inqs.
Message 9 of 21
chevyman
Contributor

Re: My first PFD denial...

Ya another 100 to get a PFD its worth it
Message 10 of 21
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