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Member
Cowboys72
Posts: 11
Registered: ‎01-08-2013
0

PFD Verizon

Ok planning to PFD Verizon via planetfeedback. They claim I owe 933 on account. This amount includes approx. 550 in early termination fees. Should I start at a figure lower than the 933 or do you think that since Verizon is OC and stillnowns full debt they will want PIF?
Regular Contributor
kitty9779
Posts: 164
Registered: ‎06-06-2011
0

Re: PFD Verizon

I'm in the same boat with Verizon. They are offering me a settlement and I'mnot sure whether to take it. 

Moderator
guiness56
Posts: 22,406
Registered: ‎01-17-2008
0

Re: PFD Verizon

Member
Cowboys72
Posts: 11
Registered: ‎01-08-2013
0

Re: PFD Verizon

My account show DoFD as 10/09 so about 3 years old.
Moderator
guiness56
Posts: 22,406
Registered: ‎01-17-2008
0

Re: PFD Verizon

Do you know what your state SOL is.  If it has expired, they may be more willing to work with you.

Mega Contributor
RobertEG
Posts: 18,551
Registered: ‎03-19-2007
0

Re: PFD Verizon

[ Edited ]

You are asking for two concessions on their part.... CR deletion and settlement for less.

 

You can, of course, always include both, and get a response. With two negotiation concessions, you may not know which is a show-stopper on their part.

You might then have to decide which is more important to you... CR deletion or satisfaction of the debt, and back off of one or the other in your counter-offer.

The advantages of CR deletion are obvious.

The possible advantage of setting without CR deletion is a bit murkier, as it depends upon their next action.  They could, at any time, charge-off the debt, refer to a debt collector or sell the debt, resulting in a possible charge-off and/or collection reporting. They could also, depending upon the SOL status of the debt, choose to initiate legal action.  Lots of options on their part of which you dont have control.  With protracted offers and counter-offers, they may choose to act on their own.

 

Maybe someone with specific experience in negotiating with V can give some insight into their usual conduct... do they retain collection, or normally refer to a debt collector?

Are they inclined to bring legal action?

Member
dumb_elephant
Posts: 7
Registered: ‎05-22-2013
0

Re: PFD Verizon

Any update how this went and how you contacted Verizon? Do they have an email? Thanks!

Contributor
stonesy
Posts: 361
Registered: ‎09-25-2014
0

Re: PFD Verizon


dumb_elephant wrote:

Any update how this went and how you contacted Verizon? Do they have an email? Thanks!


I'm wondering the same thing if anyone has input. I see tons of Verizon threads but anytime I respond it seems the entire post is ignored. So far I understand Verizon is hard to deal with and with them being the only NEG on my CR.. I am wanting to get al my ducks in a row before I call them.

We're all happy with approvals and CLIs.. but always remember credit is a gift and a curse.. mostly the latter.Credit is credit.. money is power. Be responsible.
Contributor
stonesy
Posts: 361
Registered: ‎09-25-2014
0

Re: PFD Verizon

bump... poke... ?

We're all happy with approvals and CLIs.. but always remember credit is a gift and a curse.. mostly the latter.Credit is credit.. money is power. Be responsible.

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