@Anonymous wrote:Hi, I'm new to the forums but am learning. Has anyone settled with Target National bank? I have a charge off about 2 years old $5700. I have never received a collection note or letter from them. I've just let it sit dealing with other creditors and this is my last one. Has anyone had any experience? Any idea on what I should offer?
Thanks so much for any advice!
The account I settled with them was 6 years from DoFD. They told me they couldn't do a pay for delete.
When the account went negative I owed $130, by the time I settled they claimed I owed $5,380 (interest and late fees). I settled for $36.21, and the account was removed 60 day's after payment.
I felt ridiculous negotiating but the rep was good about it... he told me the computer decides yes or no, he has to enter any amount offered... I started at $10 and went up $1 at a time until $30 then went to $0.50 each time to $35... at which point I decided to see how long it would take to get a negative attitude from the rep and increased my offer by One Cent until the computer said yes.... 5 hours on the phone with a very polite young man to settle the debt.
@Anonymous wrote:
@chiefone4u wrote:
@Anonymous wrote:Hi, I'm new to the forums but am learning. Has anyone settled with Target National bank? I have a charge off about 2 years old $5700. I have never received a collection note or letter from them. I've just let it sit dealing with other creditors and this is my last one. Has anyone had any experience? Any idea on what I should offer?
Thanks so much for any advice!The account I settled with them was 6 years from DoFD. They told me they couldn't do a pay for delete.
When the account went negative I owed $130, by the time I settled they claimed I owed $5,380 (interest and late fees). I settled for $36.21, and the account was removed 60 day's after payment.
I felt ridiculous negotiating but the rep was good about it... he told me the computer decides yes or no, he has to enter any amount offered... I started at $10 and went up $1 at a time until $30 then went to $0.50 each time to $35... at which point I decided to see how long it would take to get a negative attitude from the rep and increased my offer by One Cent until the computer said yes.... 5 hours on the phone with a very polite young man to settle the debt.
Lmao that guy probably hung up after your call and quit his job!
Or fired for being on 1 call that long and lost $ for Target. Didnt even pay is wages for the 5hrs either 
Negotiate how you feel comfortable... make sure you've thought about how much you can afford, and how soon you can pay it.
Start at an amount that is affordable as well as a number you feel is reasonable.
@gdtobefree wrote:I have an account with them that's due to fall off this year. Should I try this or just leave it alone? It's 428.00 my limit was 200.00.
You might get it to fall off sooner YMMV...
@gdtobefree wrote:I have an account with them that's due to fall off this year. Should I try this or just leave it alone? It's 428.00 my limit was 200.00.
@chiefone4u has the best replies. I would suggest follow his lead. If not, request EE Early Exclusion:
7 year (plus 180 days) mark is the DoFD exclusion date. You can request for EE Early Exclusion on your derogatory / delinquency from:
TransUnion - 6 months early.
Experian - 3 months early.
Equifax - 1 month early. I would not recommend requesting EE. Let derogatory / delinquency fall off naturally.
Call up TransUnion . Front line csr may be able to assist. If not, request to speak with a supervisor to have the delinquency / derogatory removed. You may not see a score improvement until the last late is removed. However, since EE request is a simple process might as well take advantage of it.
