Plan of Attack

[samantha1178]

I know that I could send all my collections a DV, however, I know that I owe them and I have the money right now to pay all of them. I am ready for a quiet phone! I have been ignoring them for years, but I think I am ready to conquer all of them. I have no lates or anything, just a long list of collections. I am getting ready to send all of them a PFD for the full balance except one I will try to settle. I am going to list some details on who I will dealing with tell me what you guys think.

NCO: $457 (MCI), $61(ATT), $96(I don’t know) all have a DOFD around 2004/2005.

RJM: $724 for BOA. I did send them a DV because NCO also is listed. They validated properly, will send PFD. Only one I will try to settle. Maybe $400? DOFD 2004.

LVNV: $441, $129 (MCI) DOFD around 2004. Can you see my bad pattern in 04, lol.

ARROW: $399 (Friedmans), $107 (that total visa card I think is the name), again DOFD 04.

AFNI: $403 (BELLSOUTH), dofd 04.

 I am worried about LVNV, are they that bad? They are nothing too serious just old telephone bills. I am also going to handwrite all letters. The typed ones have been used a lot, handwritten letters are more personal.

[Anonymous]

It's great you have DOFD, but do you know SOL for your state?  Sounds like you are up on this, but just making sure.

Just because you send a PFD does NOT mean they will accept it.  I would DV all of them, just to make sure they have ownership and to ensure you can't get 1 or 2 to drop because of inability to validate.  You have quite a few, and while paying them is a priority, getting them REMOVED is equally as important.

In all cases, I would go back to the OC and try to pay them directly.  It may take repeat attempts and finding the right rep, but that would be ideal.  If you can get the OC to accept the payment, then the CA can no longer report!

For the ones the DV letter and paying direct to the OC doesn't eliminate, then I would start the PFD process.  If these are all truly beyond SOL, I think your chances of them accepting are better.  If you are within SOL, probably not so good but I'd still try...and try....and try again....LOL.

[samantha1178]

I live in TN and the SOL is 6 years. I am not sure about the phone bills because some say 2 years.

[LIGHTNIN]

The 2 years I believe is for cell phones

[Anonymous]

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@samantha1178 wrote:
I live in TN and the SOL is 6 years. I am not sure about the phone bills because some say 2 years.

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Then sounds like some of these could be within SOL up until 2010/2011 increasing your odds of being sued and also decreasing odds of them accepting PFD.  Reasoning is simple...they can sue to get their money, so they have other leverage than accepting PFD.  On the flip side, they *probably* won't do it, because of the small amounts.  No guarantees but I really doubt it.

So maybe you go back to OC's and try to get them to accept payment.  That would eliminate alot of headache.  Then any remaining phone accounts that have only 2 year SOL, I would DV and then PFD.  

Your call on the ones still inside SOL.  You could wait and play it safe until 2010/2011 and then pick up the fight again, or you could forge ahead now.  If you go ahead now before SOL expires just know as long as you have funds to PIF in case the CA does DV and decide to sue, you will be okay because PIF'ing will dismiss the lawsuit.  However, that would take away PFD leverage, and then you'd be left with only GW option (very unlikely, IMO).