Reply
Established Member
Ashleyma23
Posts: 65
Registered: ‎09-01-2012

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
Shogun
Posts: 12,902
Registered: ‎04-15-2011

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
Ashleyma23
Posts: 65
Registered: ‎09-01-2012

Re: What is considered a Reasonable Settlement w CA

I think about a year. Sol of NJ 6 yrs
Moderator
Shogun
Posts: 12,902
Registered: ‎04-15-2011

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
Ashleyma23
Posts: 65
Registered: ‎09-01-2012

Re: What is considered a Reasonable Settlement w CA

Ok sounds better then mine :smileywink:
Moderator
Shogun
Posts: 12,902
Registered: ‎04-15-2011

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!

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+