topic Re: Should i PFD in Rebuilding Your Credit

Should i PFD

chibi — Tue, 12 Jun 2012 22:46:00 GMT

I have an accoutn with CA ( Pinnacle credit Services ) with a balance for 1204.00$ I receive offer for settlement of 361$. This account is schedule to fall off my report july 2013. I disputed this account once and it came back verified. Should i just pay the settlement and have them update my account to 0 and later send them GW letter or shoudl i try PDF with settlement amount? Any thoughts??

Thank you

Re: Should i PFD

pizzadude — Tue, 12 Jun 2012 23:03:39 GMT

@chibi wrote:
I have an accoutn with CA ( Pinnacle credit Services ) with a balance for 1204.00$ I receive offer for settlement of 361$. This account is schedule to fall off my report july 2013. I disputed this account once and it came back verified. Should i just pay the settlement and have them update my account to 0 and later send them GW letter or shoudl i try PDF with settlement amount? Any thoughts??
Thank you

IMO it's certainly worth a shot to try and get it removed via a PFD.

Re: Should i PFD

RobertEG — Wed, 13 Jun 2012 00:43:00 GMT

Counter with an offer to accept their settlement provided they additionally agree to CR deletion.

If they wont agree to that, then I would again counter with an offer to accept the settlement provided they dont report the additional special comment of "paid for less" to the CRA. That will make the account look the same in your CR as if it were paid in full.

Re: Should i PFD

chibi — Wed, 13 Jun 2012 01:41:32 GMT

Thank you for quick response. I just noticed that an offer came from some company called NES of Ohio and they are collecting on behalf of Pinnacle Credit Services LLC which purchased debt from OC HSBC. I am affraid that i will end up somebody 360$ and still have Pinnacle come after me for rest of the money

Re: Should i PFD

RobertEG — Wed, 13 Jun 2012 04:04:31 GMT

Get, as written part of any agreement, a statement from whomever accepts payment, be it the credtior or the debt collector, that payment of the agreed amount constitutes full legal satisfaction of the debt.