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PFD letter to settle $481 collection? Need advice.

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Valued Contributor

Re: PFD letter to settle $481 collection? Need advice.

Good luck!

  • Current: EQ FICO 706, TU FICO 701, EX FICO 706 | Starting Score: 525 (05/2012)
  • Starting total revolving credit: $1100 | Current total revolving credit: $36,700
  • Inquiries (12 Months): EQ 2 TU 1 EX 1 | Most Recent: 1/21/2014
Chase Freedom $9500
DCU Visa $10000
Capital One QS $2000
AMEX BCE $3000
Lowe's CC $8500
WalMart CC $3100
BOA Platinum $600
AMEX Gold NPSL
Message 11 of 13
Regular Contributor

Re: PFD letter to settle $481 collection? Need advice.

What happened with your PFD with this collection company? Did they accept?

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Starting score 3/2013 - 585. Score as of 5/2014 - 725.
Message 12 of 13
Regular Contributor

Re: PFD letter to settle $481 collection? Need advice.

I emailed and faxed this company a PFD today. 20% of total balance (which came out to close to 150) as the debt is way outside the SOL, and scheduled to fall off next year. Im hoping they just take what they can get at this point. If it were me I would take the 150. Lets hope they feel the same way. Smiley Happy

Message 13 of 13