I've recently had 4 accounts go into charge off status. 2 from Upstart, one from Mosaic Home Improvement, and one a wells fargo store card. I have some cash to settle these but not nearly anything close to the amounts due. Does anyone have any experience with Pay for Delete from any of these companies. The one from Mosiac was transffered to an outside collection agency a few days ago.
Starting Score:TransUnion: 698 (12 FEB 2010), Equifax: 674 (12 FEB 2010)
I'm sorry but PFD for a CO doesnt happen. Best you can do is call and see what the offer is %-wise. Depending on age. Older the better for a lower offer. Most importantly is getting them settled so they quit updating monthly and trashing your scores. Either way it will be 7yrs from the DoFD till they fall off. $0 balance after settled will help some. Good Luck.
As mentioned above, a PFD will be basically impossible unfortunately. If any are with a collection agency, then there may be an outside chance of PFD. But any still with the OC will stay even once paid. Best course of action would be to call and see what's the lowest they'll go.
