Reply
New Contributor
Posts: 64
Registered: ‎11-17-2012
0

Pay For Delete Question

Hello, I have a question and it might be a silly one! Are PFD's only for accounts that are in collection? I have a jewelry account that is closed that I am paying on it is still with the OC. a year ago it was 120 days late but since then has been on time every month. I would like to PIF the reast of the account but I was wondering if I should do a PFD and offer to PIF... I'm not sure if this is how PFD's work or not so any advice would be much appreciated! Thanks so much :smileyhappy:

NavChek~ 13K.... nRewards MC~ 12K... CashRewards Visa sig~ 12k... NFCU Platinum Visa~ 10K... USAA Cash Rewards~ $2000... Chase Freedom~ $1500... Discover It~ $1500... Belk~ $1200.... Children's place ~$850... Walmart Store Card~ $1350... Amazon Store Card~ $1150...Victoria's Secret~ $500 Macy's~ $800

EQ~ 642
EX Fico~ 680
TU~ 686
Established Contributor
Posts: 573
Registered: ‎02-12-2011
0

Re: Pay For Delete Question

You can PFD an account when it is charged off or closed, what you may be looking for if I'm not mistaken is Goodwill or "GW". You can request a GW to remove the lates, or if the account is closed, offer to PIF in exchange for the removal of the lates, or the entire TL if it won't hurt your AAoA.



Starting Score: EQ: 383 2/2011
Current Score: TU: 644 EQ: 648 EX: 6?? 2/2015
Goal Score: 700


Take the FICO Fitness Challenge
Moderator
Posts: 12,952
Registered: ‎04-15-2011
0

Re: Pay For Delete Question

Sure you can ask for a PFD from the OC.   That's one of the bread and butters of a PFD.  


Starting Score: 504

July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+

Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
Mega Contributor
Posts: 19,462
Registered: ‎03-19-2007
0

Re: Pay For Delete Question

A PFD is a private contract offer.  Most anything is game unless the offer contains provisions that are in violation of some statute.

 

There is no statutory prohibition against deletion based on payment of the debt.  The furnisher can always assert that they cannot accept a PFD based on their seperate reporting contract with the CRAs, but that is their internal issue.  Nothing improper with a consumer requesting deletion.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.