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How should unpaid charge offs be handled? With PFD?
No one size fits all.
Sme relevant factors include whether the debt is still within SOL, whether the creditor still owns the debt, whether a debt collector is reporting, whethter you consider the debt legitimate......
More info on the specifics is needed.
Well here is the deal...
Acct 1 - Cap 1 - Currently on a payment plan with CA, collect on behalf of OC - DOFD 11/2011
Acct 2 - Cap 1 - No payment plan, CA collecting on behalf of OC - DOFD 2/2013
Acct 3 - Chase BP - No payment plan, CA collecting on behalf of OC - DOFD 9/2011
Acct 4 - Credit One Bank - OC report $0 balance, i assume its sold to CA, current payment plan with CA - DOFD 8/2012
Acct 5 - Macy's - No payment plan, CA collecting on behalf of OC - DOFD 7/2012
Acct 6 - Walmart - Paid Charge off, i will GW this account - DOFD 6/2012
Acct 7 - Local Bank - DOFD 2/2013
Pfd has worked for me regarding a charge off account, however I always offer to pay the full amount. Like robert said, it really just depends on how they react. (How old the debt is, if its out of sol, how much you offer, etc..) Some I have actually dealt with would only give me a verbal committment to delete, however although I don't recommend this, it worked out in my situation.
Now, since you set up a payment plan with the other CA's, you may have a hard time getting those removed anytime soon.
I would suggest givng immediate priority to account no. 7.
Many creditors will either refer the bad debt to a debt collector for collection assisitance, or sell the debt to recoup a few more pennies on the dollar.
In either event, you could well have a new collection added to your report.
If you can pay that debt prior to collection referral or sale, you may avoid further damage.