Proper way to pay OC for CO amount

[bahbahd]

What would be the proper way to pay an original creditor for the charged off amount? It is my understanding that PFD letters are typically for CA and not the OC. I don't have many CA collections, but have many OC tradelines with CO status and $0 balances where the debt was sold. I know I can GW the OC. Is it possible to offer a payment in the GW letter also while explaining that I want to bring these tradelines current or have them deleted?

[injustifiiable]

Chances are that the OC won't or can't take payment for the debts since they've been sold. Find out who the current owners are, PFD the CA's (or if they aren't reporting, Payment to make sure they don't report) and then GW the OC. The OC may be able to "recall" the debt but that would be the exception rather than the rule.

Who are the OCs?

[bahbahd]

OCs are:

two Capital One cards:

    one CO, DFD 07/2007, sold to LVNV

    one CO w/ balance, DFD 05/2007

two Household Bank cards

    both CO, DFD 07/2007 & 06/2007

    both sold to Portfolio Recovery 

one GE Capital Retail (Banana Republic)

    CO/sold

    No CA currently reporting

LVNV and Portfolio Recovery are actively reporting for the the three collections accounts. I plan on send PFD

[injustifiiable]

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@bahbahd wrote:

OCs are:

two Capital One cards:

    one CO, DFD 07/2007, sold to LVNV did you ever get a proper dunning notice from them? If not, file a complaint via BBB stating this (it's probably also reporting as an "installment account" which is bogus...they are famous for doing this). Once LVNV gets deleted from your report, they may sell it to someone else who you would then DV, then offer a PFD. Hopefully the new CA will accept the PFD, and then you can GW Capital One

    one CO w/ balance, DFD 05/2007 Pay the balance to bring utilization down, then GW Capital One since they did not sell.

two Household Bank cards

    both CO, DFD 07/2007 & 06/2007

    both sold to Portfolio Recovery Keep trying to PFD Portfolio, then try to GW Household Bank/Capital One

one GE Capital Retail (Banana Republic)

    CO/sold

    No CA currently reporting Try to find out who they sold it to, then DV them. If DV is ok, then try for PFD's like you're planning

LVNV and Portfolio Recovery are actively reporting for the the three collections accounts. I plan on send PFD

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