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Rebuilding with stupid collection

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Rebuilding with stupid collection

Trying to figure if I should wait for this to fall off, PA SOL is 4 yrs. Has anyone dealt with Jefferson Capital System,  are they easy to PFD?
 
JEFFERSON CAPITAL SYSTEM
Reported: Jan. 26, 2019
-
$347.00
Needs Attention
 

Starting Score: 525
Current Score:EX 652 TU 663 EQ 644
Goal Score: 750


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13 REPLIES 13
Established Contributor

Re: Rebuilding with stupid collection

Is it completely valid? You could offer to settle and PFD.
Starting Score: EX 641 TU 631 EQ 669
Current Score: EX 714 TU 718 EQ 713 (EQ9 735)
Goal Scores: 750


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Message 2 of 14
Regular Contributor

Re: Rebuilding with stupid collection

Get a PFD agreement. Check these threads out, you should be able to.

https://www.google.com/search?q=will+jefferson+capital+delete+after+payment&oq=will+jefferson+capita...

Starting 5/2018

Current 3/2019
Message 3 of 14
Valued Contributor

Re: Rebuilding with stupid collection


@ReEducationOfAnEgoiste wrote:
Trying to figure if I should wait for this to fall off, PA SOL is 4 yrs. Has anyone dealt with Jefferson Capital System,  are they easy to PFD?
 
JEFFERSON CAPITAL SYSTEM
Reported: Jan. 26, 2019
-
$347.00
Needs Attention
 

@OP

 

I have a Jeff-Cap w/Verizon

 

Jeff-Cap will delete the paid or settled collection from your credit reports IF it is 2 years after the DOFD(Date Of First Delinquency)

 

I spoke to a rep JUST a few days ago. They offered 40% settlement amount/waiving the balance as satisfied. I told rep to send me the offer in the mail...I even chose the date for the end of FEB. Once it's settled it'll be removed after it's updated(I would imagine?)

 

If you have the funds(?) and you know the debt is yours(?) and you want the collection gone...IMHO, "if it were me," I call them and offer a settlement amount and be done with it, since it'll be removed anyways, right??!!...again, JMHO...and as always YEMV.

 

Good Luck

 

note: my account is STILL within my state's SOL=TX 4yrs





Goal Score: 600(within a year)**MET MY GOAL**
Goal Score: 650(within a year)


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Message 4 of 14

Re: Rebuilding with stupid collection

I don't really acknowledge this is my debt, or the dates reported on it.


Starting Score: 525
Current Score:EX 652 TU 663 EQ 644
Goal Score: 750


Take the myFICO Fitness Challenge








Message 5 of 14
Senior Contributor

Re: Rebuilding with stupid collection

Welcome to the forum. Do you owe Verizon $ yes or no? If so follow that thread. Quicker you pay it off (hopefully PFD) the quicker the clock starts to fall off your report. Otherwise it will just keep updating each month. $300 isnt really that much to pay. Good Luck!





My posts are JMHO. I DO NOT claim to be a FICO expert. Just sharing my experiences from rebuild to recovery after BK DC. My siggy is not to brag at all. Just to show fellow members what can be accomplished when you do it right and play the FICO Credit Game.
Message 6 of 14
Valued Contributor

Re: Rebuilding with stupid collection

@OP

If you feel that strongly about the debt not being “your debt?” Then, your next approach will be to send a DV(Debt Validation) Letter.(you can search the Forums here for DV Letters)

Keep us posted on your decision on how you decided to handle this collection.

Good Luck




Goal Score: 600(within a year)**MET MY GOAL**
Goal Score: 650(within a year)


Take the myFICO Fitness Challenge

























Message 7 of 14

Re: Rebuilding with stupid collection

Thank you all for your suggestions I will post the outcome.

Starting Score: 525
Current Score:EX 652 TU 663 EQ 644
Goal Score: 750


Take the myFICO Fitness Challenge








Message 8 of 14
Community Leader
Senior Contributor

Re: Rebuilding with stupid collection

If you can afford to pay it, just work out a PFD... the deletion is worth it..... going through the motions with the DV isn't likely to work..... 

Good luck

-J

 

Message 9 of 14
Regular Contributor

Re: Rebuilding with stupid collection

I have personally delt with Jefferson’s Capital very recently. I paid 40% of the total balance and the account was considered paid in full. Sent a DV letter a month later and ultimately they removed the collection from all 3 bureaus! Total time frame ,about 3 months.

They also sent me an offer for a “guaranteed credit card”( as part of their rewards program). It’s called the Emblem card from bank of Missouri.
REBUILD STARTED 10/27/18


SCORES 5/2/19


“Breathing new life into a dead credit file”
Message 10 of 14
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