Writing first PFD letter

[elletrain]

So I have some serious baddies on my CR.  I hit a very bumpy patch a few years ago and have 14 accounts that have been charged off. I finally have a decent paying job and want to start paying these back. I'm hoping I can get somewhere with the PFD letters. I just had a couple questions about them...

1. Do I call the creditors first to try and negotiate and then send the letter? Or just send letter first?

2. Does it have to be for the full amount? I can pay all the small amounts off but there are a few large balances, do you think they may clear the tradeline for a lesser amount , like half?

Any advice would be helpful!

[ang123]

Do not, under any circumstances call them. They will lie, cheat, steal, harrass you into sending money. They can say "sure, send payment and we will take care of it.." and then it never happens... and once they have your money- its all over

As for your PFD, first go through a debt validation process, and then PFD. I tend to offer 100%, because A) I owed the money and B) It makes the companies salivate and jump through hoops to  get that amount. 

Im learning this is a lonnnnggg process, but you will be ok. Stick with it, and use the resources here!