Depends how old it is to work in your favor. The older the best chance of a lesser amount. How old is it?
Its always better to have the account on your report say PIF rather than settled for less than amount owed. But if the full amount isn't available to PIF. Start in the middle and see how they react. Good Luck!
Oops. Had a @Anonymous brain fart. (Inside joke) Yes they do PFD. Forget what I said earlier about what the report will say. It will be deleted. Duh.............
@Madyun1982 wrote:
Good morning everyone.
I posted here a few days ago about assisting my mom with her credit rebuild.
She has a account with Midland funding. And I know they do PFD.. However I'm trying to figure out how much should I offer for a $811.00 collection?
Thanks in advance
Is the date of first delinquincy on the original debt within SOL? You would, of corse, have more leverage then! And, the older the better.
Lol @FireMedic1 - it’s contagious isn’t it? Sucks being old!
OP, start at around 40% and negotiate from there. If you’re out of the SOL they may take it if you’re firm. If not, be prepared to negotiate. When I dealt with them they were forthcoming and easy to work with. Hopefully they are with you too
OP, start at around 40% and negotiate from there. If you’re out of the SOL they may take it if you’re firm. If not, be prepared to negotiate. When I dealt with them they were forthcoming and easy to work with. Hopefully they are with you too
@Madyun1982,
If you go to midlandcredit.com and enter basic info it will let you know if Midland has any accounts with them. When you click on that account it will show settlement offer, if applicable. You usually get a better payoff ( 40% reduction) if done in one payment but can make multiple payments. Once you see your settlement offer it could give you some bargaining power when contacting them and trying to get a better offer. Good luck
If you go to midlandcredit.com and enter basic info it will let you know if Midland has any accounts with them. When you click on that account it will show settlement offer, if applicable. You usually get a better payoff ( 40% reduction) if done in one payment but can make multiple payments. Once you see your settlement offer it could give you some bargaining power when contacting them and trying to get a better offer. Good luck
