05-01-2013 01:08 AM
Im helping my dad fix up his credit and Im planning on sending a PFD to a collection agency for a collection from HSBC. Quick quesition, if they agree to delete this will it only delete the collection or will it also delete the original account as well that is marked as "charged off/sold to collector"
Im hoping it will delete both but if not how do i get the original chargoff off if the CA agrees to delete their entry?
Its an HSBC Collection of around $500 for a charged off credit card. Was sold to BRIGHTWATER CAPITAL about a year ago. I assume the CA still have rigghts to the debt since they are actively trying to collect. So should I send a DV first to HSBC or the CA? Ive never done a PFD so wasnt sure, I only have experience with Goodwill's and they have worked out pretty well for me but always on old paid collections.
05-01-2013 06:22 PM
A PFD only goes to whomever is reporting the balance. In this case it's the CA that owns the debt and reports the balance and an accepted PFD would only resul tin the CA being removed. The CA cannot tell the OC to delete too. If I had that I would start sending GWs to the OC. In their eyes the debt was already paid when they sold it to the CA.
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