Established Member
Posts: 65
Registered: ‎09-01-2012
What is considered a Reasonable Settlement w CA
I have a collection notice and it's 286.00 but truth of the matter is they include their fees plus fees from OC that I do not think I owe bc I did not my cell phone for 2 months prior to changing plans when they shut it off. What is the usual neg price I already have the PFD but need the price before I CMRR
Moderator
Posts: 13,897
Registered: ‎04-15-2011
Re: What is considered a Reasonable Settlement w CA

It depends.  What is the DOFD of the account?  What is the SOL of your state.  These are some things to consider when offering a settlement.  

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
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Current scores after adding $81K in CLs and 2 new cars since July 2013
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Established Member
Posts: 65
Registered: ‎09-01-2012
Re: What is considered a Reasonable Settlement w CA
I think about a year. Sol of NJ 6 yrs
Moderator
Posts: 13,897
Registered: ‎04-15-2011
Re: What is considered a Reasonable Settlement w CA

I'd offer $75 and see what they counter with.

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
Established Member
Posts: 65
Registered: ‎09-01-2012
Re: What is considered a Reasonable Settlement w CA
Ok sounds better then mine Smiley Wink
Moderator
Posts: 13,897
Registered: ‎04-15-2011
Re: What is considered a Reasonable Settlement w CA

Let us know how it goes!

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!