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Frequent Contributor
js0319
Posts: 304
Registered: ‎02-27-2012

PFD agreement in writing?

Has anyone actually received a letter from a CA or OC agreeing to PFD. I see a lot of people saying don't ever pay unless it's in writing, but in my experience I have never had a company put it in writing - it's always something I just have to trust that they will do based on a verbal agreement.

Starting Score: EQ FICO 544 (2/21/12)
Current Score: EQ FICO 629 (9/6/2013) EX 656 EQ 620 TU 678 (Lender Pull - 5/30/13) USAA FAKO's: EQ 630 EX 643 TU 599 (3/19/2013)
Goal Score: EQ 700

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Established Contributor
westo12
Posts: 563
Registered: ‎07-20-2008

Re: PFD agreement in writing?

I have had a couple CA's put it in writing, but it was about 2 years ago. Nothing since.

2014 Starting-618, current TU646/EX662/EQ629 (WalTU 4/4,MYFico 3/1, CLI decline ltr) / Ending Goal score: 720 - 25 pos TLs / Baddies: 1 unpd $312 med CA, 5/30 day auto lates in 2yrs /Install Debt: Santander $11k | Springleaf $4k | Revolving Bals/Limit 8535/21974=39%util: Chase 4k | BofA 3k | Kay 3k | Macys 1900 | Barclay 1.5k | Walmart 1.5k | Amazon Store 1.2k | Citi/Goodyear 900 | BML 862 | Emblem 832 | CareCredit 800 | DiscoverIT 800 | Target 700 | CapOne 600 | Chase/AU 500 | VictSec 500 | CapOne 450 | Express 250 | Buckle 250 **Officially in the garden until I get some auto CLI's on my major accts**
Regular Contributor
jmack711
Posts: 172
Registered: ‎03-24-2009

Re: PFD agreement in writing?

I've had Verizon as well as ATT put PFD in writing as recently as this past week with ATT... YES, you can get it in writing. ATT simply emailed me the PFD and I submitted payment over the phone after receiving the email. I would rather be safe than sorry.

Regular Contributor
kitty9779
Posts: 164
Registered: ‎06-06-2011

Re: PFD agreement in writing?

I'm glad to hear that Verizon has put this in writing before, as I have to go clear up an account with them - and I'm sure hoping they will agree to a PFD. Cross your fingers for me!

Regular Contributor
jmack711
Posts: 172
Registered: ‎03-24-2009

Re: PFD agreement in writing?

Yes, it was about 2 or 3 years ago but the guy I dealt with was really good about handling the situation. He emailed me a PFD as well as mailed. The account was removed from my report within days. GOOD LUCK!!

Mega Contributor
RobertEG
Posts: 17,251
Registered: ‎03-19-2007

Re: PFD agreement in writing?

It is, or course, always preferable to get any business agreement in writing.

However, I can certainly understand the reluctance of a furnisher to do so.

 

Deletion based on payment of a debt is contrary to the explicit guidelines in the CRA reporting manual, which is incorporated into their reporting agreements.

The CRAs view such deletions as contrary to the integrity of the credit reporting system.

A furnisher would certainly be prudent in not wanting such actions reduced to writing.

It might also serve as basis for a future consumer to assert discrimination if they have a similar request and are denied deletion.

 

Frequent Contributor
js0319
Posts: 304
Registered: ‎02-27-2012

Re: PFD agreement in writing?

Exactly! Imagine you get something in writing stating their agreement to delete. Then they don't do it, and you submit the documentation to the CRA's. How is that going to make the CA look in the eyes of the CRA's? 

 

It just seems like sometimes (depending on the amount of the debt) it may be better to settle on a verbal agreement. Kind of like catching more flies with honey than with vinegar. You can always request a GW removal if they don't follow up on their end. Then again, it's totally understandable if you don't want to take your chances on a high dollar debt.

Starting Score: EQ FICO 544 (2/21/12)
Current Score: EQ FICO 629 (9/6/2013) EX 656 EQ 620 TU 678 (Lender Pull - 5/30/13) USAA FAKO's: EQ 630 EX 643 TU 599 (3/19/2013)
Goal Score: EQ 700

Wallet: Capital One Secured MC: $300 I Capital One Platinum MC: $300 I Texell FCU Platinum Bonus VISA: $5000 I American Express PRG: NPSL I NFCU nRewards: $8000


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