Reply
Established Member
Posts: 65
Registered: ‎09-01-2012
0

What is considered a Reasonable Settlement w CA

I have a collection notice and it's 286.00 but truth of the matter is they include their fees plus fees from OC that I do not think I owe bc I did not my cell phone for 2 months prior to changing plans when they shut it off. What is the usual neg price I already have the PFD but need the price before I CMRR
Moderator
Posts: 12,952
Registered: ‎04-15-2011
0

Re: What is considered a Reasonable Settlement w CA

It depends.  What is the DOFD of the account?  What is the SOL of your state.  These are some things to consider when offering a settlement.  


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+

Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
Established Member
Posts: 65
Registered: ‎09-01-2012
0

Re: What is considered a Reasonable Settlement w CA

I think about a year. Sol of NJ 6 yrs
Moderator
Posts: 12,952
Registered: ‎04-15-2011
0

Re: What is considered a Reasonable Settlement w CA

I'd offer $75 and see what they counter with.


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+

Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
Established Member
Posts: 65
Registered: ‎09-01-2012
0

Re: What is considered a Reasonable Settlement w CA

Ok sounds better then mine :smileywink:
Moderator
Posts: 12,952
Registered: ‎04-15-2011
0

Re: What is considered a Reasonable Settlement w CA

Let us know how it goes!


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+

Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!

Get a myFICO recommended credit card

Copyright ©2001-2013 Fair Isaac Corporation.
All rights reserved.

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). 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.