PFD declined....

[Ty21]

Hello everybody, I sent out a PFD letter to the OC. About a week and a half later I received their reply, which came down to them saying that they will accept my payment in full of $900 and will mark acct as paid in full, but will not remove it from my credit.

What are the actions I can take from this point to have this removed from my credit?

[PeacefulP]

Is it past the SOL? If so, I would kindly write back and offer again to pay the amount if they delete. I've heard PFD sometimes work best at the end of the month because agents need to make their monthly quotas. I've never tested this out, but it makes sense. 

[Shogun]

     Send it again.  Advise them you are aware it's past the SOL but are willing to show some good faith if they are.

[goosedog]

---

@PeacefulP wrote:

Is it past the SOL? If so, I would kindly write back and offer again to pay the amount if they delete. I've heard PFD sometimes work best at the end of the month because agents need to make their monthly quotas. I've never tested this out, but it makes sense. 

---

The poster said OC not collection agency. If it was a CA that would make sense but it doesnt. The problem is creditors now see the use of the internet as a bad thing because if you delete for one person, whats to say that person wont go brag all over the internet they got a PFD from such and such. Some companies don't want to violate the FCRA by reporting accurate info, others simply don't care, they just want to get paid. If chase for example accepted PFD and everyone who had a charged off chase account paid them and they collected say 200 million in chargeoffs and the FTC fines them 3 million for violating the act, that's chump change to them. Other companies and creditors can't afford a 3 million dollar fine because they don't have the client base to support such profits from chargeoffs.

[DaBears]

+1 shogun, send it again. 

[guiness56]

---

@goosedog wrote:

---

@PeacefulP wrote:

Is it past the SOL? If so, I would kindly write back and offer again to pay the amount if they delete. I've heard PFD sometimes work best at the end of the month because agents need to make their monthly quotas. I've never tested this out, but it makes sense. 

---

The poster said OC not collection agency. If it was a CA that would make sense but it doesnt. The problem is creditors now see the use of the internet as a bad thing because if you delete for one person, whats to say that person wont go brag all over the internet they got a PFD from such and such. Some companies don't want to violate the FCRA by reporting accurate info, others simply don't care, they just want to get paid. If chase for example accepted PFD and everyone who had a charged off chase account paid them and they collected say 200 million in chargeoffs and the FTC fines them 3 million for violating the act, that's chump change to them. Other companies and creditors can't afford a 3 million dollar fine because they don't have the client base to support such profits from chargeoffs.

---

There is no violation in deleting a TL for a PFD. 

[Ty21]

No it's not past sol. I believe there are 3 years remaining. Well ill send it again, any other suggestions?

[goosedog]

---

@guiness56 wrote:

---

@goosedog wrote:

---

@PeacefulP wrote:

Is it past the SOL? If so, I would kindly write back and offer again to pay the amount if they delete. I've heard PFD sometimes work best at the end of the month because agents need to make their monthly quotas. I've never tested this out, but it makes sense. 

---

The poster said OC not collection agency. If it was a CA that would make sense but it doesnt. The problem is creditors now see the use of the internet as a bad thing because if you delete for one person, whats to say that person wont go brag all over the internet they got a PFD from such and such. Some companies don't want to violate the FCRA by reporting accurate info, others simply don't care, they just want to get paid. If chase for example accepted PFD and everyone who had a charged off chase account paid them and they collected say 200 million in chargeoffs and the FTC fines them 3 million for violating the act, that's chump change to them. Other companies and creditors can't afford a 3 million dollar fine because they don't have the client base to support such profits from chargeoffs.

---

There is no violation in deleting a TL for a PFD. 

---

"15 U.S.C. §1681c

Section 605

Requirements relating to information contained in consumer reports

Information excluded from consumer reports.

Except as authorized under subsection (b)

of this section, no consumer reporting agency may make any consumer report containing

any of the following items of information:

Accounts placed for collection or charged to profit and loss which antedate the report

by more than seven years

In relation to the principles of credit report (section 602)

The banking system is dependent upon fair and accurate credit reporting. Inaccurate

credit reports directly impair the efficiency of the banking system, and unfair credit

reporting methods undermine the public confidence which is essential to the

continued functioning of the banking system.

Technically the CO should stay on the account for 7 years even if paid because that is "accurate" reporting per the FCRA. HOWEVER, every creditor interpts that differently, hence the explaination of my post about who wants to get paid or not.

[guiness56]

---

@goosedog wrote:

---

@guiness56 wrote:

---

@goosedog wrote:

---

@PeacefulP wrote:

Is it past the SOL? If so, I would kindly write back and offer again to pay the amount if they delete. I've heard PFD sometimes work best at the end of the month because agents need to make their monthly quotas. I've never tested this out, but it makes sense. 

---

The poster said OC not collection agency. If it was a CA that would make sense but it doesnt. The problem is creditors now see the use of the internet as a bad thing because if you delete for one person, whats to say that person wont go brag all over the internet they got a PFD from such and such. Some companies don't want to violate the FCRA by reporting accurate info, others simply don't care, they just want to get paid. If chase for example accepted PFD and everyone who had a charged off chase account paid them and they collected say 200 million in chargeoffs and the FTC fines them 3 million for violating the act, that's chump change to them. Other companies and creditors can't afford a 3 million dollar fine because they don't have the client base to support such profits from chargeoffs.

---

There is no violation in deleting a TL for a PFD. 

---

"15 U.S.C. §1681c

Section 605

Requirements relating to information contained in consumer reports

Information excluded from consumer reports.

Except as authorized under subsection (b)

of this section, no consumer reporting agency may make any consumer report containing

any of the following items of information:

Accounts placed for collection or charged to profit and loss which antedate the report

by more than seven years

In relation to the principles of credit report (section 602)

The banking system is dependent upon fair and accurate credit reporting. Inaccurate

credit reports directly impair the efficiency of the banking system, and unfair credit

reporting methods undermine the public confidence which is essential to the

continued functioning of the banking system.

Technically the CO should stay on the account for 7 years even if paid because that is "accurate" reporting per the FCRA. HOWEVER, every creditor interpts that differently, hence the explaination of my post about who wants to get paid or not.

---

Yes, accurate reporting.  It does not say they have to report at all.  Only that if they report it has to be accurate.  The FCRA or nobody else can tell a creditor they must report a TL.  And if they choose not to report then that is their prerogative.

[Ty21]

Well ill be sending another out here within the next few days. So hopefully ill get the reusult I'm looking for.

On another note there was someone else with the same problem that just ended up paying them without a PFD and got it deleted. I doubt I'd have te same luck.