11-08-2012 11:15 AM
Hey everyone! I have an old collection on my CR for a credit card from Wells Fargo passed onto Portfolio. Original amount was 700, now its 1150 or something. It is now past its SOL. I sent a debt validation letter last year and I did not get the information I wanted. Now I have a 'Consumer disputes after resolution' comment. There was no resolution in the first place. The debt is due to drop off March 2015. I was wondering should I pay it all off? Offer a PFD letter and pay a lower amount? Or just sit tight and wait? If I was to do PFD letter, could you please PM me any info about your experiences with these lads in the past? Thank you so much. Stuck on a 623 FICO score and need to build it soon!
11-08-2012 11:57 AM
Try a PFD, maybe you could have some luck.
I am writing you in reference to account# XXXXXX that appears on my credit report. I do not recall this account and I am unsure of it's origins. I am aware that this debt is past the SOL of my state. Although this account is unknown to me, in an effort to clear this matter and settle this debt I am willing to make a gesture of good faith and pay $whatever to resolve the debt if you are willing to return said gesture and delete this account from my credit report. I thank you for your time and await your answer. Thank you.
Try something like that. Good Luck
11-08-2012 12:16 PM
Sent, check your mailbox.
11-08-2012 01:31 PM
They are difficult to deal with....I attempted to PFD and then decided to settle after rounds and rounds of NO from them. Then I called to check on the status of my updated after I paid them and they stated they are in the process of updating and removing the account. Removing? I thought and called again to double check and sure enough they did remove and is now off my credit report. I am not sure if I just got lucky or what the scenrio was but it did get removed after settlement. Good luck
11-10-2012 07:02 AM
Thank you all so much. I got an email the day after I contacted them with this response:
Thank you for contacting Portfolio Recovery Associates.
We have investigated your dispute, determined to close the account you referenced, and will request that the credit reporting agencies delete our trade line for this account
Is that a result or what!!!!
11-10-2012 08:32 AM
That's the response we wanted!!!!!! Congrats!
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.