PFD when CA is not even on report?

[Veloter]

I am wanting to settle a private student loan with Plaza Associates.  The OC is AES, but Plaza is collecting for them.  If I do a PFD, does the CA have the authority to delete the entry for AES?    It's showing as a paid claim by the government, with a -0- balance.   I want to settle, but I want it gone too.  Is this possible?  Thanks.

[RobertEG]

No, they do not.  A debt collector cannot modify the reporting done by a creditor, and cannot compel the creditor to change their reporting.

If a debt collector has not yet reported, you can offer them a modified type of PFD, asking them to accept payment in exchange for NOT reporting.

So you avoid further damage.

The reporting of a $0 debt by an OC does not equate to paid.  It means they no longer own the debt.  The debt still exists until paid, and the new owner can report it.

I suspect that the OC may no longer own the debt, eliminating any PFD offer to them.  That would apparently leave a modified pay-for-not reporting option with the debt collector.  Deletion of the OC reporting would then be pursued by GW requests to them.

[Veloter]

That's kind of what I thought....that being said, do you think it will be more difficult to obtain a settlement if it's still in SOL?   Or does the CA just want money regardless?

[pizzadude]

---

@Veloter wrote:

That's kind of what I thought....that being said, do you think it will be more difficult to obtain a settlement if it's still in SOL?   Or does the CA just want money regardless?

---

You certainly have less leverage if the debt is still within SOL but many times CAs will still negotiate and cut a deal because they want to get paid.