Advise on how to handle collections/charge off

[majesty]

Crap1 CO amount of 1300.........They offered 135 monthly and obviously will note paid in full however WILL NOT REMOVE FROM Report..... I can settle of 60% at 799 and have the means to do so however my file will show paid for less than balance... Told that Crap1 will not do PIF for removal etc....Any advise or past experience dealing with them?? HELP...lol

[SmartCookie]

They are difficult but not impossible.  Search the boards ... I think Tuscani might have been one of the lucky ones.  

Getting a PFD letter going for the settlement they offered?

[majesty]

I hear and have read that cap1 does not do PFD's??? You have seen otherwise?

[Anonymous]

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majesty wrote:
Crap1 CO amount of 1300.........They offered 135 monthly and obviously will note paid in full however WILL NOT REMOVE FROM Report..... I can settle of 60% at 799 and have the means to do so however my file will show paid for less than balance... Told that Crap1 will not do PIF for removal etc....Any advise or past experience dealing with them?? HELP...lol

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CRAP1  next to impossible.....is this a CO? what is DOFD and SOL?

[majesty]

Its fairly new... I will have to eat this one... % wise how much worst is verbage "settled for less than balance" versus "paid in full" knowing that either circumstance stays on my file for years?

[SmartCookie]

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majesty wrote:

Its fairly new... I will have to eat this one... % wise how much worst is verbage "settled for less than balance" versus "paid in full" knowing that either circumstance stays on my file for years?

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Apples to apples and with no variables, the same unless someone does a manual report on you and sees that.

[majesty]

Good to know.... what about a mortgage?

[SmartCookie]

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majesty wrote:

Good to know.... what about a mortgage?

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Count on a manual review.  Do whatever you can now to repair or remove that TL.