Question about Settlement w/ First Premier

[joeyoey]

I have an old account with First Premier that was charged off in late 2009/early 2010 for $345.  I haven't heard from them in years but I'm really trying to get serious in cleaning up some old accounts so I contacted them 2 weeks ago to see about paying this off.  They agreed to mark it "Charged Off/Paid in Full" if I were to send them $275.  I'm planning to send the $275 tomorrow but before I did I wanted to make sure this is the best plan of action.  Obviously I owe this & I want to do the right thing, but they said over the phone they won't do a PFD.  (& honestly, part of me doesn't even want to send it if I'm not going to get "something" in return - like a few ponts on my credit report).  I figured I'd pay it & then start sending GW letters & hopefully someone will have pitty on me, but from what I've read here, they're a tough nut to crack.

Any advice?

[NWintellectual]

Take the PIF settlement offer, it's the best you're going to get from them. I would suggest however, that you demand a letter from FP in advance stating the precise terms of the settlement. They can FAX this to you (won't do email though).