topic Re: UPDATE!!! PFD letter for multiple collections at CA in Rebuilding Your Credit

UPDATE!!! PFD letter for multiple collections at CA

Anonymous — Sat, 22 Apr 2017 19:57:18 GMT

Hi all, I am getting ready to send a PFD for multiple collections at one CA. these are rather small amounts (almost $300 in total) and just wanted some help with proof reading. I've searched for any other similar PFD's or situations but wasn't able to find anything so if anyone has sent something similiar, your advice would great. please share any thoughts or critique, thank you!

Ref: Account #

XXXX0000-$101.00

Ref: Account #

XXXX1111-$60.00

Ref: Account #

XXXX2222-$120.00

Dear Sir/Madam,

This letter is in response to several TransUnion credit report entries listed as being opened in April and May 2015. As I have never received written correspondence of the above mentioned debt, I do not have the complete account number. I wish to save us both time and money by settling the above mentioned debts.

Please be aware this is not an acknowledgment or acceptance of the debt, as I have not received any verification. I am trying to rebuild my credit and would like to offer a settlement.

I am aware that your company has the ability to report this debt to each credit bureau as you deem necessary. Furthermore you have the ability to change the listing including the removal of information reporting to these agencies.

I am willing to pay off each the accounts in full - totaling the amount of $281.00 . As I work to restore my financial future I ask for your company's for compassion and removal of this account from all credit reporting agencies upon receipt of payment.

Sincerely,

My Name

Re: Proof read please! PFD letter for multiple collections at CA

rmduhon — Thu, 20 Apr 2017 16:47:10 GMT

You might want to remove the part about receiving verification or they might treat the letter as a DV.

Re: Proof read please! PFD letter for multiple collections at CA

Anonymous — Thu, 20 Apr 2017 17:11:05 GMT

The part about me not receiving verification?

Re: Proof read please! PFD letter for multiple collections at CA

rmduhon — Thu, 20 Apr 2017 17:12:32 GMT

Yeah, just that part of the sentence.

Re: Proof read please! PFD letter for multiple collections at CA

Anonymous — Thu, 20 Apr 2017 17:15:03 GMT

Gotcha, so my revised version looks like this.

This letter is in response to several TransUnion credit report entries listed as being opened in April and May 2015. ~~As I have never received written correspondence of the above mentioned debt,~~ I do not have the complete account number. I wish to save us both time and money by settling the above mentioned debts.

Please be aware this is not an acknowledgment or acceptance of the debt~~, as I have not received any verification~~. I am trying to rebuild my credit and would like to offer a settlement.

Re: Proof read please! PFD letter for multiple collections at CA

rmduhon — Thu, 20 Apr 2017 17:41:58 GMT

Looks good. I swear collection agencies are trained to misread letters. Either that or they are easily confused.

Re: Proof read please! PFD letter for multiple collections at CA

Anonymous — Thu, 20 Apr 2017 17:57:36 GMT

@rmduhon wrote:
Looks good. I swear collection agencies are trained to misread letters. Either that or they are easily confused.

It's not that. It's to protect themselves legally. Various words can be used against them if they do not treat the matter accordingly.

Re: Proof read please! PFD letter for multiple collections at CA

Anonymous — Thu, 20 Apr 2017 18:29:26 GMT

Added this bit on to the end, thoughts?

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 Professional Credit Services. It will be implied that this letter shall constitute a legally binding contract, enforceable under the laws of my state. Upon my receipt of this letter certified funds for the full amount of $281.00 will be mailed to Professional Credit Services, if you agree to the terms. In exchange for doing so, Professional Credit Services will delete all references regarding this account from my credit files, and this debt shall be satisfied.

Re: Proof read please! PFD letter for multiple collections at CA

Anonymous — Thu, 20 Apr 2017 22:18:41 GMT

@Anonymous wrote:
Added this bit on to the end, thoughts?

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 Professional Credit Services. It will be implied that this letter shall constitute a legally binding contract, enforceable under the laws of my state. Upon my receipt of this letter certified funds for the full amount of $281.00 will be mailed to Professional Credit Services, if you agree to the terms. In exchange for doing so, Professional Credit Services will delete all references regarding this account from my credit files, and this debt shall be satisfied.

You know Pay-For-Deletes are illegal, right? If you throw this at them they might be more inclined to say no, thinking you are savvy enough to sue them afterward for breaking the CROA.

I would just simply ask for agreement in writing via email, letter, or fax, and leave out the legal jargon.

Re: Proof read please! PFD letter for multiple collections at CA

DollyLama — Thu, 20 Apr 2017 23:10:10 GMT

Are you sure they are not reported or could reported paid as settlement but staying on the other two bureaus?

Just to be sure, use the search bar for the forums under each category and find out about your collection agency. I had 3 under $100 collections with one agency reporting on two accounts. I saw where others had good response for PFD, so I garnered up the guts to call them, I did not dispute, and said I wish to have it taken care of and removed. They accepted (with interest) and sent me a company letterhead with each account and will be removed from all bureaus, and when.

Not saying this will be for you, as I have 1 left for $34 that seem to be a nightmare CA via the BBB complaints to work with, ie charging attorney fees, court costs, when they are strictly only a collection agency and no suits had been filed on these people. Charging excessive amounts like $700 for a $100 collection. That one I will tackle last.

Good luck!

Re: Proof read please! PFD letter for multiple collections at CA

Anonymous — Thu, 20 Apr 2017 23:36:11 GMT

@Anonymous wrote:
Hi all, I am getting ready to send a PFD for multiple collections at one CA. these are rather small amounts (almost $300 in total) and just wanted some help with proof reading. I've searched for any other similar PFD's or situations but wasn't able to find anything so if anyone has sent something similiar, your advice would great. please share any thoughts or critique, thank you!

Ref: Account #
XXXX0000-$101.00
Ref: Account #
XXXX1111-$60.00
Ref: Account #
XXXX2222-$120.00

Dear Sir/Madam,

This letter is in response to several TransUnion credit report entries listed as being opened in April and May 2015. As I have never received written correspondence of the above mentioned debt, I do not have the complete account number. I wish to save us both time and money by settling the above mentioned debts.

Please be aware this is not an acknowledgment or acceptance of the debt, as I have not received any verification. I am trying to rebuild my credit and would like to offer a settlement.

I am aware that your company has the ability to report this debt to each credit bureau as you deem necessary. Furthermore you have the ability to change the listing including the removal of information reporting to these agencies.

I am willing to pay off each the accounts in full - totaling the amount of $281.00 . As I work to restore my financial future I ask for your company's for compassion and removal of this account from all credit reporting agencies upon receipt of payment.

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 Professional Credit Services. It will be implied that this letter shall constitute a legally binding contract, enforceable under the laws of my state.

Sincerely,

My Name

Very highly unlikely they will agree to a PFD in writing. Cut to the chase and call them. If they give you a verbal yes, do it.

If they give you a verbal NO, and you know and admit to yourself the debt is yours and you created it, PAY THEM.

UPDATE!!!!! PFD letter for multiple collections at CA

Anonymous — Sat, 22 Apr 2017 20:05:01 GMT

Thanks to those who have helped with those. As a quick update, I just received a letter from the CA agreeing to the PFD terms. After the dust settles, only 1 more baddie to tackle!

Re: UPDATE!!!!! PFD letter for multiple collections at CA

PrinceCorwin — Sat, 22 Apr 2017 20:02:26 GMT

@Anonymous wrote:
Thanks to those who have helped with those. As a quick update, I just received a letter from the CA agreeing to the PFD terms. After the duest settles, only 1 more baddie to tackl

Awesome. You've given me hope for a settlement for a $1700 collections account on my wife's credit (JC Penny)

Re: UPDATE!!!!! PFD letter for multiple collections at CA

Anonymous — Sat, 22 Apr 2017 20:06:52 GMT

You hear and see it on these forums time and time again, but never assume untill you've asked. Best of luck to you! Maybe make a thread about it and keep us updated?

Re: UPDATE!!! PFD letter for multiple collections at CA

medicgrrl — Sun, 23 Apr 2017 04:15:45 GMT

Congrats on your successful PFD's!

Re: UPDATE!!! PFD letter for multiple collections at CA

Anonymous — Sun, 23 Apr 2017 05:39:07 GMT

Exciting news! Way to go!

Re: Proof read please! PFD letter for multiple collections at CA

gdale6 — Sun, 23 Apr 2017 15:37:59 GMT

@Anonymous wrote:
@Anonymous wrote:
Added this bit on to the end, thoughts?

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 Professional Credit Services. It will be implied that this letter shall constitute a legally binding contract, enforceable under the laws of my state. Upon my receipt of this letter certified funds for the full amount of $281.00 will be mailed to Professional Credit Services, if you agree to the terms. In exchange for doing so, Professional Credit Services will delete all references regarding this account from my credit files, and this debt shall be satisfied.
You know Pay-For-Deletes are illegal, right? If you throw this at them they might be more inclined to say no, thinking you are savvy enough to sue them afterward for breaking the CROA.

I would just simply ask for agreement in writing via email, letter, or fax, and leave out the legal jargon.

PFDs are not in any way illegal. The CRAs dont like them as they want paid derogs to remain on file per their operational handbook and this is the reason they dont want anyone granting such.

Re: UPDATE!!! PFD letter for multiple collections at CA

Anonymous — Sun, 23 Apr 2017 19:43:19 GMT

Thanks for the clarification, that's what I figured. As a new member here, I'm not sure why others go out of their way to be negative towards us newbies just getting getting started on the rebuild process. I appreciate all of you who send good vibes though!

Re: Proof read please! PFD letter for multiple collections at CA

Anonymous — Sun, 23 Apr 2017 22:50:43 GMT

@gdale6 wrote:
@Anonymous wrote:
@Anonymous wrote:
Added this bit on to the end, thoughts?

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 Professional Credit Services. It will be implied that this letter shall constitute a legally binding contract, enforceable under the laws of my state. Upon my receipt of this letter certified funds for the full amount of $281.00 will be mailed to Professional Credit Services, if you agree to the terms. In exchange for doing so, Professional Credit Services will delete all references regarding this account from my credit files, and this debt shall be satisfied.
You know Pay-For-Deletes are illegal, right? If you throw this at them they might be more inclined to say no, thinking you are savvy enough to sue them afterward for breaking the CROA.

I would just simply ask for agreement in writing via email, letter, or fax, and leave out the legal jargon.
PFDs are not in any way illegal. The CRAs dont like them as they want paid derogs to remain on file per their operational handbook and this is the reason they dont want anyone granting such.

They absolutely are illegal. There is precendence in lawsuits favoring plaintiffs that categorizes the CA as a Credit Repair Organization by agreeing to delete derogatory information from the credit bureaus for payment. The CROA states that a CRO is not allowed to accept payments prior to completing the credit repair action they are promising.

http://uscode.house.gov/view.xhtml?req=granuleid%3AUSC-prelim-title15-chapter41-subchapterII-A&num=0&edition=prelim

Re: Proof read please! PFD letter for multiple collections at CA

Anonymous — Sun, 23 Apr 2017 23:04:56 GMT

when did this turn into a conversation regarding the legality of PFD's? people are successful with them day after day and gives those who are rebuilding credit some light at the end of the tunnel. more-so, it worked for me even after your discouraging posts. take your trolling somewhere else and let others celebrate in their success.

topic Re: ***UPDATE!!!*** PFD letter for multiple collections at CA in Rebuilding Your Credit

***UPDATE!!!*** PFD letter for multiple collections at CA

Re: Proof read please! PFD letter for multiple collections at CA

Re: Proof read please! PFD letter for multiple collections at CA

Re: Proof read please! PFD letter for multiple collections at CA

Re: Proof read please! PFD letter for multiple collections at CA

Re: Proof read please! PFD letter for multiple collections at CA

Re: Proof read please! PFD letter for multiple collections at CA

Re: Proof read please! PFD letter for multiple collections at CA

Re: Proof read please! PFD letter for multiple collections at CA

Re: Proof read please! PFD letter for multiple collections at CA

Re: Proof read please! PFD letter for multiple collections at CA

***UPDATE!!!!!*** PFD letter for multiple collections at CA

Re: ***UPDATE!!!!!*** PFD letter for multiple collections at CA

Re: ***UPDATE!!!!!*** PFD letter for multiple collections at CA

Re: ***UPDATE!!!*** PFD letter for multiple collections at CA

Re: ***UPDATE!!!*** PFD letter for multiple collections at CA

Re: Proof read please! PFD letter for multiple collections at CA

Re: ***UPDATE!!!*** PFD letter for multiple collections at CA

Re: Proof read please! PFD letter for multiple collections at CA

Re: Proof read please! PFD letter for multiple collections at CA

topic Re: UPDATE!!! PFD letter for multiple collections at CA in Rebuilding Your Credit

UPDATE!!! PFD letter for multiple collections at CA

UPDATE!!!!! PFD letter for multiple collections at CA

Re: UPDATE!!!!! PFD letter for multiple collections at CA

Re: UPDATE!!!!! PFD letter for multiple collections at CA

Re: UPDATE!!! PFD letter for multiple collections at CA

Re: UPDATE!!! PFD letter for multiple collections at CA

Re: UPDATE!!! PFD letter for multiple collections at CA