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have you ever done a SETTLEMENT pfd??

Established Member

have you ever done a SETTLEMENT pfd??

Has anyone ever successfully done a settlement offer pfd? Like for instance your debt is $1000 and you offer a settled amount of $500 to delete the account? Advice on this? ALSO.... I have two debts with one CA, if I was to attempt a PFD for each debt should I submit one letter and just include an offer for both or send two seperate letters?
Starting: 570
Current: TU Fico 616
Goal: 700+
2 REPLIES
Frequent Contributor

Re: have you ever done a SETTLEMENT pfd??

If it's out of the SOL you might have some leverage,the worst that can happen is that they say no,you won't know till you try.

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Frequent Contributor

Re: have you ever done a SETTLEMENT pfd??

In Feb I started with 9 CA. NONE of them were settled for the full amount owed....that being said ALL of our debt was old, from 06 at the latest. I think that's one of the reasons I got "settlement" PFD's. They were all settled for between 25% and 75& of the balance.

2/24 (Lender Pull) EQ 613, TU 553, EX 589
April EQ 633, My Fico TU 638, EX ??
Current EQ 643, TU 652, EX 633 (lender pull 5/11)
Goal (we made it!!)- Over 640 middle by 5/15