Credit Card Center Advertiser Disclosure

Established Member
Posts: 31
Registered: ‎01-26-2012
0 Kudos

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+
Frequent Contributor
Posts: 381
Registered: ‎04-04-2012
0 Kudos

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.

Frequent Contributor
Posts: 291
Registered: ‎02-25-2012
0 Kudos

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

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.