Paying account that's aged off?

KittySurgRN · ‎07-09-2014

I have a couple of accounts that have aged off my report within the last 2 months and I am wanting to pay them off. Would it be worth it for me to send a PFD for a lesser amount? If so, would 50% be a good starting point? Thanks for your help!

Old_Man · ‎07-09-2014

@KittySurgRN wrote:
I have a couple of accounts that have aged off my report within the last 2 months and I am wanting to pay them off. Would it be worth it for me to send a PFD for a lesser amount? If so, would 50% be a good starting point? Thanks for your help!

Check the SOL in your state, if the debt is past the SOL, and is aged off your credit report, I would start with 10%. A PFD would do you no good as they are past the reporting limits. (7.5 years)

gdale6 · ‎07-09-2014

@KittySurgRN wrote:
I have a couple of accounts that have aged off my report within the last 2 months and I am wanting to pay them off. Would it be worth it for me to send a PFD for a lesser amount? If so, would 50% be a good starting point? Thanks for your help!

As stated check your states SOL and if its past that statute as well then offer 10% to settle, this is a Zombie debt if it has aged off your CRs and is past states SOL.. This would be a straight offer of settlement letter and not a PFD as its already aged off...