07-14-2008 04:50 PM
07-14-2008 07:55 PM
Hi,I have pulled all 3 credit reports and am trying to get my scores and reports better.I have 4 major troublesome accts 2 with BOA and 2 with Cap 1.Here is my problem: all 4 accts have been sold to collection agencies but these agencies are notreporting on my CR. My CR's all say that I owe Cap 1 and BOA. I called them today to verify that they no longer own the debt.Oops, just realized that one of the credit agencies is now reporting to the CRA's as of today! :-(Here is the thing, I would like to try and PFD the balances owed because I need a clean credit report or as clean as possible by August of next year for school and job related stuff.However, how would a PFD work if they are not the ones reporting the debt? Also, these are the amounts I am going to offer:1. CAP 1 - Credit limit was $300, they want $1200. My offer $500.2. Cap 1- Credit limit was $300, they want $900. My offer $500.3. BOA - Credit limit $3200, they want $5000. My offer $2500.4. BOA- Credit limit $6000, they want $9000. My offer $4000.Also, the last two cards I was going to split into 5 payments in the PFD letter. Do my offer amounts seem too low? Do you think I will have any success? And how do I go about trying to make sure that my Captial 1 and BOA accts on my Credit Reports are taken careof?What should I do? and also say the CA accept my settlements and I pay but CAP 1 and BOA still show on my acct as owing and charged off, what could I do??Please help me before I send in the letters and try and fix this.BTW, I have DV letters into all the CA's on my report except for the one's due to drop off soon. All the CAP 1 and BOA ones aren't due to drop off until 2012.Also, NCO who owns one of the Cap 1 accts sent me a letter saying I could open a creditcard acct with plains bank and the balance would be transfered there, however the balance would be $1100, whereas one of their letters said they would settle for $650. So I shouldn't accept this right?Help, I'm so confused.
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