Valued Contributor
p-
Posts: 2,655
Registered: ‎06-05-2008
Re: CREDIT REBUILD PROJECT LOG
Actions Taken 6-23-2008:
 
After reading carefully through the many threads here detailing how a PFD works, I drafted a number of letters using the guidelines I found.  Here is an example of a PFD letter I have used:
 

COLL AGENCY

ADDY

ST ZIP

Re: Collection Account for ORIGINAL DEBT HOLDER ACCOUNT #: XXXXXXXX

Amount: $56.00

To Whom It May Concern:

This letter is to inform you that the validity of this debt is disputed. I am not sure of the account number, as I have never heard from you before regarding this account.

In the spirit of compromise, I am willing to pay 10% of the original stated debt or a total of $5.60 if you agree to immediate deletion of this account from any and all credit reporting agencies (Equifax, Experian and TransUnion). The purpose of this settlement is merely to have this item removed from my credit files. It is not to be construed as an acknowledgment of liability for this debt in any form.

If you agree to the terms and accept this agreement, certified funds for the settlement amount of Five Dollars Sixty Cents ($5.60) will be sent to AGENCY. in exchange for full deletion of ALL references regarding this account from my credit files and full satisfaction of the debt. As certified funds will be used for payment, there shall be no waiting period regarding the deletion of this account from the credit reporting agencies.

AGENCY agrees to delete ALL information regarding this account from the credit reporting agencies WITHIN TEN CALENDAR (10) DAYS following receipt of payment as specified above and will not discuss the terms of this settlement with anyone, excluding your client on this account. If contacted by any third party, including credit-reporting agencies, AGENCY will not acknowledge that any settlement offer was made, accepted or executed and will, in fact, deny knowledge of any such account.

If you agree to the above terms, please prepare a letter on your company letterhead explicitly agreeing to the same terms as the above settlement offer and have it signed by an authorized representative of AGENCY. It will be implied that this letter shall constitute a legally binding contract, enforceable under the laws of my state.

Your response must be postmarked no later than 15 days from your receipt of this settlement offer or this offer will be withdrawn and I will request full validation of this alleged debt, as provided for by the Fair Debt Collection Practices Act.

Please address all correspondence regarding this account to:

I typed my name and address, did not sign.

12-15-14: FICO EXP: 813 - EQU:802 - TRAN: 756 - AVG: 790 +240 points from JUN 2008 - MY CREDIT JOURNAL