RJM Acquisitions PfD

angelic159 · ‎12-03-2012

I am currently trying to qualify for a mortgage with first time homebuyers down payment assistance. I read some of the great advice on this site and sent RJM acquisitions a PFD letter with settlement offer. I just received their response. Although they are willing to take the settlement amount (about 30% of original debt) they will not delete trade line. The letter states they will change their reporting to paid with a zero balance. I don't know where to go from here. This is the only collection account on my reports. Should I offer a higher settlement amount or just take what they are offering. I need to qualify within the next 60 days. I only need 18 more points.

awdsmama · ‎12-03-2012

Keep trying. I recently PFD'd them. They WILL do it.

Google "rjm acquisitions fax number" and you'll find it, starts with a 516 area code. That is where I sent my letter.

Fico: 701 (5/22/14) 682 (5/9/2014)
Discover IT $5,200 / CU Visa $1,000 / JC Penny$3,000
App Free since 2/2013

Shogun · ‎12-03-2012

RJM is one of the more consumer friendlier CAs. I'd keep trying!

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+
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Current scores after adding $81K in CLs and 2 new cars since July 2013
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pnkgirl25 · ‎12-03-2012

I just worked with them last week. I had a balance of $133. I called in with a PFD and the guys who took my call said no problem. He faxed me our agreement in writting and I paid online witha credit card. Checked two days later and the tradeline was gone...poof.

Did you try to offer pay in full for a delete. Maybe thats what they want.

Davidngo · ‎12-03-2012

Keep pushing for the PFD, what is the SOL, will it falling off shortly.

MyFICO Pulled: (11/28/2012) EQ 635, TU 650, EX 661
Lender Pulled: (12/05/2012) EQ 635, TU 677, EX 641
Lender Pulled: (02/20/2013) EQ 667, TU 661, EX 648
MyFICO Pulled: (05/30/2013) EQ 712, TU 685, EX 686

Finally Hit the 700's as of 06/05/2013!!!

angelic159 · ‎12-03-2012

The SOL has passed. It is due to fall off my reports Nov. 2013. I can offer A higher amount if needed. I guess my next step is to fax a settlement for a higher amount and see if that will get them to delete. Thanks for the advice. I will update once I hear back.