topic Re: Is 20% ok to ask for PFD on an account with DOFD of 07/07? in Rebuilding Your Credit

Is 20% ok to ask for PFD on an account with DOFD of 07/07?

sharriel — Mon, 03 Jun 2013 19:25:32 GMT

I am getting ready to send out 2 PFD's to Capital One. 1 has DOFD 05/07 with $1500 balance, 1 has DOFD 07/07 with $1800 balance.

Each had an original CL of $500.

Do you think I should start sending a PFD of 20% for each?

Re: Is 20% ok to ask for PFD on an account with DOFD of 07/07?

cwwatts1202 — Mon, 03 Jun 2013 19:26:45 GMT

Cap 1 doesn't do PFD even if you PIF...

Re: Is 20% ok to ask for PFD on an account with DOFD of 07/07?

DaBears — Mon, 03 Jun 2013 21:35:45 GMT

at 20% your only going to pay $360 on a bal of $1800 and the $1500 would be $300. Paying that will still affect your utilization.

Re: Is 20% ok to ask for PFD on an account with DOFD of 07/07?

Anonymous — Mon, 03 Jun 2013 21:38:01 GMT

It shouldn't affect utilization because it would be considered paid and they would need to reflect a 0 balance.

Re: Is 20% ok to ask for PFD on an account with DOFD of 07/07?

DaBears — Mon, 03 Jun 2013 21:42:22 GMT

@Anonymous wrote:
It shouldn't affect utilization because it would be considered paid and they would need to reflect a 0 balance.

That is true, I should have looked at that way. Going back to bed This flu is killing me!!!!! Blah

Re: Is 20% ok to ask for PFD on an account with DOFD of 07/07?

sharriel — Tue, 04 Jun 2013 14:25:31 GMT

So, should I try??

Re: Is 20% ok to ask for PFD on an account with DOFD of 07/07?

Anonymous — Tue, 04 Jun 2013 15:20:42 GMT

Why not. Even though they have a habit of saying no, if you look through the threads, they do say yes.

Re: Is 20% ok to ask for PFD on an account with DOFD of 07/07?

Shogun — Tue, 04 Jun 2013 20:03:40 GMT

@Anonymous wrote:
Why not. Even though they have a habit of saying no, if you look through the threads, they do say yes.

This is why we love guiness!!!! They can say No 1,000 times, but it only takes one yes.

Re: Is 20% ok to ask for PFD on an account with DOFD of 07/07?

DaBears — Tue, 04 Jun 2013 23:33:23 GMT

@Shogun wrote:
@Anonymous wrote:
Why not. Even though they have a habit of saying no, if you look through the threads, they do say yes.
This is why we love guiness!!!! They can say No 1,000 times, but it only takes one yes.

Yes we do!!!! Guiness give very good advise. I can't take anything awy from Shogun either. He loves my Chicago BlackHawks!!!!!

Re: Is 20% ok to ask for PFD on an account with DOFD of 07/07?

sharriel — Wed, 05 Jun 2013 12:59:14 GMT

You are ALL amazing in my book!

SO, here's another question...if I settle and then the SOL runs out, any mortgage lender won't require me to PIF right?

Re: Is 20% ok to ask for PFD on an account with DOFD of 07/07?

Anonymous — Wed, 05 Jun 2013 13:35:01 GMT

if an account is settled, there is no longer any debt to have to PIF. Your mortgage lender wants debts to be "satisfied" how you get to that point is really not their concern . They dont like "unpaid" debts. Your settlement would be a paid debt.

Re: Is 20% ok to ask for PFD on an account with DOFD of 07/07?

sharriel — Wed, 05 Jun 2013 13:37:31 GMT

Awesome! Thanks!

Re: Is 20% ok to ask for PFD on an account with DOFD of 07/07?

Shogun — Wed, 05 Jun 2013 14:06:26 GMT

@DaBears wrote:
@Shogun wrote:
@Anonymous wrote:
Why not. Even though they have a habit of saying no, if you look through the threads, they do say yes.
This is why we love guiness!!!! They can say No 1,000 times, but it only takes one yes.
Yes we do!!!! Guiness give very good advise. I can't take anything awy from Shogun either. He loves my Chicago BlackHawks!!!!!

That's actually true. Blackhawks are my favorite hockey team. Go figure.