Hi, Gerty, and welcome.
The standard response to most consumer PFD and GW letters is that the OC/CA to which you have written has a legal obligation to accurately reporrt, and thus is legally bound not to delete a prior accurate entry. And they are legally correct in this "policy." But they wll bend it if you can show it is in their interest to do so.
They will only throw the moral "we cant do it" lines at you until they see a future business benefit. GW and PFD offers are routinely accepted, notwithstanding their statements that they cant do it! You have to make them an offer they cant refuse!
Both PFD and GW letters are playing on their captitalistic desire to keep your business or secure payment of the account.
GW pleadings are granted in the hope of keeping your future business. They only work with the OC, for the CA gets it business from the OC, not you.
PFDs with a CA are a different animal. They are granted to get your $$. If they feel you are going to pay anyway, they dont accept your offers of lower payments, or just 'ole plan to sue anway, then they wont bite.
Probably the biggest factor in a PFD with a CA is how close the account is to expiration of the SOL. Once the SOL expires, they can no longer win a legal action for collection.
From what you have said,the inpact on your CR is your prime reason for pursui9ng this,and not just paying.
If you just pay without giving full PFD attempts, then it wont come off of your credit report, and wont help your credit score. So continue to PFD until the cows come home!
Message Edited by RobertEG on 11-20-2008 11:23 PM
