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

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

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: 22,408
Registered: ‎01-17-2008

Re: PFD Verizon

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

Re: PFD Verizon

My account show DoFD as 10/09 so about 3 years old.
Moderator
guiness56
Posts: 22,408
Registered: ‎01-17-2008

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: 17,310
Registered: ‎03-19-2007

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

Re: PFD Verizon

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


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