Writing my first PFD letter for my husband for $105 debt that Jefferson Capital Systems CA is trying to collect for Washington Mutual Checking. The debt is appearing as a CO on his credit report by Experian and as a collection account/seriously past due by TransUnion (though not as a CO by them).
My husband called the CA and they offered that he could pay $74.19 and they would delete the trade lines from his CR. Because Washington Mutual is now Chase there is no way to pay the OC in this case.
He was able to dig through some type of Chase records and find out this was some sort of overdraft/check written after he closed a joint account with his former wife. He still had a personal account with WaMu but said he was never notified of this amount and only now is finding out about it.
I thought a PFD offering to pay the amount above they asked for would be a good start? Does anyone have any feedback on the below letter? feel free to rip it up- I got bits and pieces from letters I found on the forums. One main question I had was the sample letters referred to an account number. We only have the partial original account number with WaMu that appears on the trade lines but when he called Jefferson Capital Systems they found him by his name alone and did not provide an account number. Would be better to reference the portion of the original account number t I have (see the bold areas in the letter below) or call the CA back to find out his account number with them? ANY help would be appreciated! I want to send this out certified early next week!
September 27th, 2013
Tim XXXX
address
CITY, STATE ZIP
Jefferson Capital Systems
16 McLeland Rd
Saint Cloud, MN 56303
Re: Collection Account for ****************************
To Whom It May Concern:
This letter is not to be construed as an acknowledgment of my liability for this debt in any form, but rather an attempt to amicably settle the remaining balance owed on the following account:
Collection Account for *************************************
The total amount owed on the account is $105. I will pay Jefferson Capital Systems the amount of $74.19 as complete settlement of this account, provided that you explicitly agree to each and every point listed as follows:
1. Jefferson Capital Systems (hereafter "JCS") agrees to accept payment of $74.19 as an agreed full and final settlement of all outstanding charges and fees on Collection Account for **********************
2. JCS agrees to permanently cease any and all attempts to collect on Account for ****************************
either directly or through a collection agency.
3. JCS agrees not to sell the debts owed on Account for******************************************to any third party, since JCS would recognize the account as being paid in full.
4. JCS agrees to completely delete all references to Account for *******************************************from any and all credit reporting agencies, including, but not limited to, Equifax, Experian, and TransUnion. Complete deletion of all account references to Account for**********************************************will be completed within TEN days of receipt of payment without delay, since certified funds will be sent promptly upon receipt of your acceptance of this offer.
5. Upon complete deletion of all references to Account for **********************************************pursuant to point 4 referenced above, JCS agrees not to discuss or report Account for*************************************** with any third party, including, but not limited to:
a. All credit reporting agencies, AND
b. All collection agencies
6. JCS will provide******** ith a copy of the Universal Data Form JCS transmits to each credit reporting agency showing the deletion requests and/or a signed, dated letter confirming that JCS has notified each credit reporting agency requesting the deletion.
7. This agreement is binding upon both parties.
If you agree to points 1 through 7 listed in this settlement offer, please have an individual authorized to make such agreements on behalf of JCS sign and return a copy of this offer to the return address listed at the bottom of this page. Upon receipt of this agreement,********* will promptly send you a certified check in the amount of $74.19. The individual who signs on behalf of JCS must have express authority to make such agreements binding upon JCS or the agreement is void.
I look forward to resolving this matter in the best interests of both parties. I think this is a fair offer, and it is entirely within the rights and legal obligations of both parties to do this.
Thank you very much for your time in this matter, and I will await your response.
Sincerely,
******
Notice: This agreement is restricted to the terms stated herein. This is not a renewed promise to pay, but rather a restricted settlement offer only. Failure to respond within 30 days of the date of this letter will terminate this settlement offer.
Creditor's Authorized Signature: __________________________________
Date: _____________
Name: ___________________________________
Title: ____________________________________
This agreement may be sent to the following address:
********
ADDRESS
CITY, STATE ZIPCODE
Edited to remove personal information. guiness56, myFICO Moderator.
