I have a repo that is still within the SOL. I would like to offer the OC a PFD but I need to have the full amount available before I call them for a worst case senario. This is where I am confused, the account lists a balance of $2566 with a past due amount of $5465. The past due amount increases every month. Should I have the $2566 which is ltsted on my TU reports as the original charge off or the increasing amount of the past due ($5465)?
It is kinda a poker game of sorts. The more money you offer the more likely they will accept a pfd. Best bet would be to research the company and see if others have had pfd success and see what amounts were accepted.