topic Re: PFD Example Letter in Rebuilding Your Credit

PFD Example Letter

Tuscani — Fri, 14 Mar 2014 14:14:29 GMT

Below is an example PFD (Pay for Delete) letter you can use.

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Collection Agency
1212 Maple St
City, State Zip

Re: Collection Account for Original Creditor Account #: 00000xxxx

Amount: $25.00

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 regarding this account. The account number I have is the one listed on my Experian credit report – which omits the last few digits.

In the spirit of compromise, I am willing to pay this account IN FULL (or settlement percentage) 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 twenty-five dollars ($25.00) will be sent to Collection 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.

Collection 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, Collection 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 explicity agreeing to the same terms as the above settlement offer and have it signed by an authorized representative of Collection 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Your response must be postmarked no later than 15 days from your receipt of this settlement offer or this offer will be withdrawn and I will request full validation of this alleged debt, as provided for by the Fair Debt Collection Practices Act.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:

You
123 Any Street
City, State Zip

Please keep in mind that a PFD is a type of good will letter. Do not use the word dispute anywhere in the letter or it can cause problems. Also, you cannot give the CA/creditor any time limits on removing the debt if they chose to do so, or tell them who they can and cannot speak to.

Do not use any threatening language such as requesting validation if they do not accept your PFD.

It is not necessary to send it CMRRR as it makes it looks forced.

guiness56, myFICO Moderator

Message Edited by Tuscani on 04-29-2007 09:55 AM

Message Edited by Tuscani on 04-29-2007 02:10 PM

Re: PFD Example Letter

Anonymous — Sun, 29 Apr 2007 15:03:22 GMT

Great Letter

Re: PFD Example Letter

Anonymous — Sun, 29 Apr 2007 17:22:39 GMT

Great Letter, I'm going to give it a try. Thanks Tuscani

Re: PFD Example Letter

Anonymous — Sun, 29 Apr 2007 18:18:49 GMT

OK, I don't understand something. Is this a letter that is used if your past due acct has gone to collection? I have some charge-off due to my BK, but nothing was ever sent to collections. I assume that this letter does not apply in my case. Is that correct? Thanks in advance.

Re: PFD Example Letter

Tuscani — Sun, 29 Apr 2007 18:26:43 GMT

KevKaos wrote:
OK, I don't understand something. Is this a letter that is used if your past due acct has gone to collection? I have some charge-off due to my BK, but nothing was ever sent to collections. I assume that this letter does not apply in my case. Is that correct? Thanks in advance.

It can be used and tailored in any situation were you want to negotiate a payment for a tradeline being removed.

Re: PFD Example Letter

Anonymous — Sun, 29 Apr 2007 19:00:00 GMT

Excellent, Tuscani! Thank you. I'll definitely use this when helping my Mom settle some of her medical collections. I was dreading coming up with my own letter but now I'm excited.

Re: PFD Example Letter

Anonymous — Mon, 30 Apr 2007 19:31:55 GMT

"WONDERFUL EXAMPLE LETTER"!!!THANKS FOR THE INFO!!!! I HAVE VARIOUS RETURN CHECKS ON MY CREDIT WHICH HAS BEEN SOLD AND RE-SOLD TO OTHER AGENCIES AND I HAVE BEEN SOMEWHAT ABLE TO GET A FEW REMOVED.......BUT YOUR LETTER GOES INTO GREAT DETAIL!!!!JUST WHAT I NEEDED! PLEASE KEEP THE INFO AND EXAMPLES COMING!

Re: PFD Example Letter

Anonymous — Mon, 07 May 2007 18:34:21 GMT

Tuscani,

What to do if you don't know the name of the collection agency that bought the original acct?

Re: PFD Example Letter

Tuscani — Mon, 07 May 2007 21:12:06 GMT

The contact info should be on your reports for whomever is reporting.

Re: PFD Example Letter

Cory — Mon, 07 May 2007 21:34:05 GMT

This is a fantastic letter.

Re: PFD Example Letter

Anonymous — Mon, 07 May 2007 22:18:57 GMT

Tuscani,

Thanks.. gonna try it for acct that shows on 2 reports each month as open acct but charged off..I want it off ASAP.

Re: PFD Example Letter

Tuscani — Mon, 07 May 2007 22:21:22 GMT

fiskite wrote:
Tuscani,

Thanks.. gonna try it for acct that shows on 2 reports each month as open acct but charged off..I want it off ASAP.

Good luck! The great thing about PFD is its win-win for both parties. They get their money (or some of it anyway), and you get the negative TL removed.

Re: PFD Example Letter

Anonymous — Tue, 08 May 2007 01:53:48 GMT

Excellent letter, I wish I would have found something like this when I paid off all of my collections two years ago... Guess I just didn't know where to look.

Re: PFD Example Letter

Anonymous — Tue, 08 May 2007 21:54:14 GMT

Thanks I am using this letter for my husband.

Re: PFD Example Letter

Anonymous — Tue, 15 May 2007 17:05:04 GMT

Hello Tucani,

I was reading this Credit 101 Thread, and you provide a lot of very helpful information as well as the sample letters...Thanks!

Now my question is regarding the PFD letter, can I send that to collection agencies that I have Paid and or Settled in Full with, to remove the negative collection accounts from my credit reports?

Thanks,

WiserNow

Re: PFD Example Letter

Tuscani — Tue, 15 May 2007 17:23:31 GMT

WiserNow wrote:
Hello Tucani,

I was reading this Credit 101 Thread, and you provide a lot of very helpful information as well as the sample letters...Thanks!

Now my question is regarding the PFD letter, can I send that to collection agencies that I have Paid and or Settled in Full with, to remove the negative collection accounts from my credit reports?

Thanks,
WiserNow

Not really as you have already paid. Try a GW letter on paid collections.

Re: PFD Example Letter

Anonymous — Fri, 18 May 2007 14:40:20 GMT

I se it has been a few months since this thread was last replied to. Has anyone had any success with this letter. I am definitely going to try it out and will post my results. If anyone else has had success or failure with this please post as well. Thanks.

Re: PFD Example Letter

Anonymous — Fri, 18 May 2007 15:32:50 GMT

Perfection Achieved, thank you so much for sharing your knowledge.

Re: PFD Example Letter

sl — Fri, 18 May 2007 15:48:07 GMT

I used the letter last week and mailed it on May 8th. To date, I have not heard anything from the CA but will keep everyone posted.

If this does not work, is a DV my next option? The SOL comes into play 1/08.

Thanks

Sadie

Re: PFD Example Letter

Anonymous — Fri, 18 May 2007 19:12:18 GMT

Has this worked for anyone? I heard the CA cannot remove, legally, only marked paid in full, or settled. I am disputing with a CA right now, and I don't know if I should pay in full, because they wont cooperate.

Anyone heard of Oxford Managment Services...if yes, what was your experience with them.

Thanks.