How much to offer on PFD?

Anonymous · ‎02-17-2008

Should I offer percentage of original CL (300) or current balance reporting (1250)?

Anonymous · ‎02-17-2008

are you past SOL? Is this with a JDB or the OC? These are major factors.

Anonymous · ‎02-17-2008

Sorry, yes, past SOL. It's 3yrs for cc's in SC. Last activity 2/03. Still reported only by OC as balance owed, charged off as bad debt. thx

Anonymous · ‎02-17-2008

They have already tax deducted as 'bad debt'- so initial offer of no more than you originally defaulted on IMO which cover what they paid out on your behalf.

Anonymous · ‎02-17-2008

You do sign a PFD correct?

Anonymous · ‎02-17-2008

I am a few months away from passing my SOL and my credit card CO is still with the OC for about 300 bucks...Do you think a PFD to the OC in this case is okay?

sh9730 · ‎02-17-2008

No need to sign anything. When they send you the letter, you give them a MONEY ORDER. They wont do anything until they get there money, signature or not. So why take a chance.

As for how much....Im waiting for someone to answer you...I ve got a little one Im probably gonna do also. $160 original and up to $260 with fees etc. So I hope someone has good experiences to report!