Hi guys I'm new to posting in the forums however, I've gained tons of knowledge through others' testimonies. With that being said, Portfolio Recovery Associates (PRA) is now doing PFDs. Even for settled accounts!!!!! I was able to receive the PFD letter stating that within 30 days of payment, they would delete the tradeline from the 3 major credit bureaus. I hope this helps guys.
Can I ask what you settled for (Percentage)?
I have a couple of PRA that I'm trying to work on, as well.
This has been known for a little while and its listed in their FAQ's:
"Your account will be considered paid-in-full or paid-in-full for less than the full balance after your final payment is successfully posted. Within approximately 30 days of your final payment successfully posting, we will request the credit reporting agencies delete the PRA tradeline related to your account from your credit bureau report."
Oops. I get caught up on helping people and forget to welcome you guys to MyFICO. Thanks @gdale6
Hi, can you tell me the steps you took to get them to send you a letter promising a PFD? Did you call or send them a letter? What did you say and how did you negotiate?