Would I need to write a DV letter and how?

[Anonymous]

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@php111 wrote:

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@Anonymous wrote:

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@php111 wrote:

The information to the collection account I posted in my OP came from my Equifax credit report, and exactly when will it come off of my report?

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That has a DoFD of 6/2010 so, anywhere between 6/2017 and 12/2017.

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Would you recommend paying pieces at a time online on their website?  The website is http://convergentusa.com/ and when I tried to create a new account and it prompted me for a Temp ID#, and I'm not sure what that is or even where to find it.

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I would hesitate to make payments at all.  Depending on your state law, that could restart the suing SOL and if you ever cannot make a payment they may sue you.  If you could save up until you could make a lump sum payment would be best.

[php111]

So, you would recommend paying the $778 all at once, right? Or don't pay any of it?

[Anonymous]

I would either get a settlement or PIF.

I don't advocate not paying your debts.

[php111]

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@Anonymous wrote:

I would either get a settlement or PIF.

I don't advocate not paying your debts.

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And what do you mean by get either a settlement or a PIF? I never done neither so I don't have a clue what they are. Does someone just pick up the phone and call the CA and ask for either a settlement or PIF? First, what are both of them? Second, what does PIF stands for?

[Anonymous]

A settlement is when you pay a percentage of the total bill. 

PIF - Pay In Full.

Depending on the CA, how old the debt is, etc sometimes they will want the entire amount to delete.  Some simply will not do it.

I would just write them a letter, and say something like:  "You are collecting a debt, account_____.  I neither acknowledge nor dispute this debt but in the spirit of compromise am willing to pay ____for a deletion from all 3 CRAs."

Then just wait and see what they say..