PFD Help & A Few Questions

[IMPROVELIFE]

Hey all,

    I would like to send a PFD letter today to a creditor that validated.  The debt is mine, it is with the CA, and it is still within the SOL; I am going to pay it in full considering the fact that I dont want to be sued later on down the line for not paying the full amount.  Can anyone please help me to compose a PFD letter?  The letters that I have seen start off with something like this:   I am disputing validity of the debt referred to above. I am not aware of the account number and you have not informed me of the existence of this account.... So since I am NO LONGER disputing the validity because the CA has provided sufficient information, how do I word a letter to fit my situation.  Any immediate help is requested and appreciated.  Also a quick question, if I were to offer the CA partial payment  instead of the full amt and they accept, does that restart the SOL? I reside in Nevada?  On my EX report the debt says: Date Opened Jun 2007; Reported Since Aug 2008; on the paperwork sent to me from the CA (Credit Control Corp) on behalf of the OC (Cox Communications), it has different dates w/ dollar amounts and the last amt says write off 6/07; After that it shows stmt balance 7/07 $0, 8/07 $0 and 9/07 $0; So when does the actual SOL start? On the date opened date  June 2007 or the Reported since date,  Augustus 2008?  Thanks in Advance 

- ETA more information

[IMPROVELIFE]

Anyone..... 

[llecs]

I'd stick with the PFD template as is. The one think I would change is to remove the CAPS on the word DISPUTE and make it all lower case. Some OCs/CAs mistake it as a DV or dispute rather than a PFD. That phrase is in there to protect you just in case they deny the PFD request.

Restarting SOL? I don't know. Certain things can restart SOL but I'm unfamiliar with NV. Chances are that admitting to the debt or making a promise to pay the debt or making a payment (w/out getting a PFD accepted) would restart, but that varies by state. SOL is meaningless if you have the $$$ to PIF if you had to. Per an offer, it is your call. I like to offer 100% on mine because 1) I know it is mine and I need to pay it and 2) closer to 100% you are in your PFD offer the better your odds are for acceptance. Look around and if they routinely accept for less, then offer less.

Again, I wouldn't sweat SOL. IN the future, SOL starts at the DOFD. In your case, DOFD is the date you first went delinquent and never recovered w/ Cox. You can find what the CA reports by pulling your free reports from annualcreditreport.com. You might find a drop off date. You can get a rough idea of DOFD by subtracting 7 yrs from that date if reported on TU and/or EX. EQ should list DOFD.

[IMPROVELIFE]

llecs, thanks for the response, I just PM'd you, please check it... Thanks again!!!!

[RobertEG]

A PFD is NOT a dispute, and in my opinion, couching it as such sets the wrong tone for the entire letter.

A PFD is a private contract negotiation offer.  You offer concession of specified offer of amount and terms of payment, while also specifying that your offer is contingent upon their aqreement to deletion of prior, accurately reported inflormation they have posted to your credit file. That is the substance of the elements of a PFD letter.  How much you offer to a pay in exchange for legal fulfilment of the debt may influence their acceptance.

I dont know your state SOL reset provisions.

[Anonymous]

Credit Control Corp does not do PFD's. Your best bet is to have Cox Communications recall the debt (get it in writing) and pay them directly. Cox will do this if you find the right person. Good luck.

[mrfulloluv]

Hello All-

I have 2 collections totalling $945  (for equipment and cable serbice) with Credit Control Corp and the OC is COX?

$275 for unreturned equipment (Which I don't have, and they want PIF)

$670 For Service  offered settlement of $134.

Without a deletion in wiriting in this debt being out of SOL, I don't want to pay and have this drop my score, and if the CA doesn't do PFD, I don't think I could PIF, and dispute later or GW, based on what I read.

I read  other threads where it was said you could circumvent the CA and get the OC Cox in writing to proceed with a potential deletions??? (Is this possible)

These are the last 2 collections on my report, and I would like to get them removed.

I called  the CA (I know a big no no), I inquired about a PFD, they saidf they don't do it. (Surprise!) i promptly hung up since the collections are old and are past SOL.

DOFD: 10/2005

I have read on other threads that  CCC is a PITA to deal with!!!

CCC and they offered a 25% settlement which I know is not good, I can PIF but I'd rather not since it's such an old debt. Any suggestions on how to Proceed?

Have any of you had success with a similar situation? If so what did you do? I want to do a PFD, but not sure what course to take?

Help please

2/2011

EQ: 600

TU: 616

Shooting for the 700s!!!

[Anonymous]

I finally got them off my reports this month. I had paid Cox directly last June and tried to do a kind of 1-2 punch -- but they just reported as paid. I went through the BBB and ACA. Your best bet is to talk to Cox, ask them to RECALL the debt from CCC before paying them. Get that in writing before paying.