Dear forum member,
Sorry for being so active in the amount of posts I have done today, but I am trying to start the New Year off right. I have a past due amount of $2,700 from an old American General account from 2008. They have charged off the account, but they still report monthly this way. It is my assumption that they still own the debt, since they are reporting it still.
I want to send a PFD letter to them, but I was wondering if anyone has had luck doing such with them? I am thinking of offering 50% to them, but maybe I should go a little less / more.
Thank you for your thoughts.
How much to offer is basically something you have to decide. While the offer is not a payment in full I would expect them to counter with payment in full since with-in SOL. You should have the full balance available just in case they refuse to accept any offer from you and just decide to take you to court and sue you. Not all creditors/lenders will sue you but you need to be aware that they can and you should be prepared. Good Luck