Portfolio Recovery Settlement!

[mk12933]

I'm working on rebuilding my credit and had 4 (yes 4) accounts with Portfolio Recovery totaling $4157.00.

They all fall off within 2 years but I'm trying to buy a house in the next year so I knew they would have to be settled.

$1379- settled for $501.80 - had to talk to them on the phone

$811- settled for $405 - used the online chat feature

$547- settled for $328- used the online chat feature

$1420- settled for $639 and I'm making biweekly payments of $52.35 for 12 payments.- Used online chat feature.

Overall, it's I paid about 45% of the total.

Honestly, feels so FREEING knowing that all of my collections will be off soon! I'll update when I see my scores change to let you know the difference.

[OmarGB9]

Great job! Best part is they will request to delete after 30 days of final payment.

[Anonymous]

Great job paying that off, I hope you get the results you're looking for so you can get a nice APR on the house.

[recoveringfrombk7]

Awesome, congrats!

[FireMedic1]

Nice! Glad there are some CA's that do PFD. Good for business no matter what the CRA rules are. Let us know the score spike once it happens! Happy New Year...

[Red1Blue]

Congrats

[Red1Blue]

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@mk12933 wrote:

I'm working on rebuilding my credit and had 4 (yes 4) accounts with Portfolio Recovery totaling $4157.00.

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Last week, I called them and was able to settle 3 accounts for about 40%. There still one remaining account and I offered the same amount. They want 60% on that account. I have decided to hold off and wait on that account. From what I understand paying the CO boosts the scores than the paying off CAs. I am going to call them again in the next few days and see if I can get them settle for 40-45% on that account.

[Anonymous]

Congratulations on the settlement. I hope those give you a nice boost so you can get approved for a house!

[MN3]

Hello! Since it has been over 30 days, just wondering if the collections were removed from your report and the bump they provided your score? Thanks!

[collics]

I’d love to know too. I have 3 pra accounts I hope to settle next month.