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What is considered a Reasonable Settlement w CA

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Anonymous
Not applicable

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
Message 1 of 6
5 REPLIES 5
Shogun
Moderator Emeritus

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
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Current scores after adding $81K in CLs and 2 new cars since July 2013
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June 2017 update: All scores over 820, just pure gardening now.
Message 2 of 6
Anonymous
Not applicable

Re: What is considered a Reasonable Settlement w CA

I think about a year. Sol of NJ 6 yrs
Message 3 of 6
Shogun
Moderator Emeritus

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!

June 2017 update: All scores over 820, just pure gardening now.
Message 4 of 6
Anonymous
Not applicable

Re: What is considered a Reasonable Settlement w CA

Ok sounds better then mine Smiley Wink
Message 5 of 6
Shogun
Moderator Emeritus

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!

June 2017 update: All scores over 820, just pure gardening now.
Message 6 of 6
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