PTD, Charge off/Collections

[Anonymous]

Today I mailed 2 letters to MRCI and I C systems to try to get a PTD and settle for a lower lump sum. I also did a similar letter to Merrick bank and Capital One, I have charge offs for the CC accounts. I went negative with them during my twin pregnancy, things were very rough. But, that is besides the point. 

Has anyone had any success with doing this via mail with these companies? Any stories? 

Thanks for your input! 

Current experian score is 566. I was over 680 before getting these CC and the whole pregnant with twins ordeal. I really need to buy a house next year. I'm currently paying 862 in rent when I could be contributing this to my own home! #RantOver 😀

[OmarGB9]

Unfortunately getting a PFD with an OC (Merrick, Capital One) is near impossible. Usually PFD is only for collection agencies to get them to delete their TL so you're not hit with a double whammy of both a CO, AND a collection. You can certainly try, but I'm just letting you know the odds aren't great.

As for the two CAs, not sure about MRCI, but for IC systems, there seem to be several success stories of PFD on here after doing a quick search. Though most of them are fairly old (2-4 years ago). But again, certainly worth a try!