PFD.....what % of these actually work approx.????

[Anonymous]

Any input on what a persons chances are of getting one of the PFD's accepted?

[Anonymous]

Depends on the amount of the debt, the age of the debt, the CA owning the debt, the representative that reads your letter, the day of the week, if the representative is in a good mood, the color of the sky, and what you had for dinner last night.

After you know all those........then you can get a %.

Really, it does depend on so many things. Seems like quite a few have a good turnout. A few don't. It's anybody's guess.

[Anonymous]

It depends on the tone of your request, age of the debt and generosity of your offer.  If it is close to being zombie debt, they might bite.

I offered a PFD once for $.05 on the $1 on a 3 year old debt.  I knew they wouldn't bite but then again it was a fun letter to write because they were padding the CO balance by more than $2000.  I still keep it as a memory of how they ended up with nothing.

From what I hear, people have success with PDF but I hear many more don't.  CO's are never interested in PFD, they can just sell the debt and give you two bad marks on your debt.

[llecs]

For DW and I, 0% success rate for 4 creditors offering 100% through a dozen or so letters.

However, they are notorious (Verizon, Verizon Wireless, CapOne, and AFNI) in not accepting PFDs.

[Nectarine]

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@Anonymous wrote:

Depends on the amount of the debt, the age of the debt, the CA owning the debt, the representative that reads your letter, the day of the week, if the representative is in a good mood, the color of the sky, and what you had for dinner last night.

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Indeed! I'm giving it a go with four to six creditors, and sending a FOAD/DV Letter to the rest.

What about asking to settle for less? Has anyone had success with that? I'm pretty lucky, since most of mine are $80-$250, so even if they say no to the settlement, it's not really a big deal.

(edited for bad spelling)

Message Edited by Nectarine on 03-15-2008 06:29 PM

[Anonymous]

before sending anything be sure of the SOL or you could find yourself in court!!

[Nectarine]

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@Anonymous wrote:

before sending anything be sure of the SOL or you could find yourself in court!!

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Thanks for the help HD,

Sadly I'm within the SOL for all of them, but I'm going through with a fine-tooth comb to check for duplicates and to see if I owe it at all.

And what kind of jerk takes someone to court over $85-100?!? I know it could happen, but only two are more than that ($250 & $1690). Plus I'm stating clearly that the validity is in dispute and that I'm not acknowledging the debt.

Good PFD example:
http://ficoforums.myfico.com/fico/board/message?board.id=generalcredit&thread.id=2659&view=by_date_ascending&page=1

Everything's within SOL because I'm 23, and the only thing that was 2001 or earlier was this Cap1 CC that's already off. Life Lesson: Issuing a 16-year-old a CC is stupid, but asking for 5x the original balance in "settlement" is even stupider. Once I pointed out the illegality of what they did (and asked for DV), I never heard from them again.

Message Edited by Nectarine on 03-15-2008 06:39 PM