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Tenaglia & Hunt (Bank of America CC debt)

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Tenaglia & Hunt (Bank of America CC debt)

They sent me a settlement offer of 60% off of the full balance.

 

Is it possible I can get them to settle for less than 60% say 30% - 60%?

 

Also, do you think it's possible to get PFD since they represent the OC and not a 3rd party collections?

 

Bonus question, has anyone dealt w/ these guys before? I couldn't find anything via Google other than their website.

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Frequent Contributor

Re: Tenaglia & Hunt (Bank of America CC debt)

Only a few months ago I settled with BofA (not another agency) for about 40-45% of the original debt. I am not sure of the percentage exactly, but it was in the 40-something percentages. You really should be able to get that. I've heard of people getting a lower percentage than that. I don't know about dealing with Tenaglia & Hunt, though. 

 

I wish you the best of luck!

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Message 2 of 5
New Contributor

Re: Tenaglia & Hunt (Bank of America CC debt)

Thanks for your insight.

 

I will see if I can get them to settle for 40-45% then.

 

Maybe I need to contact BOA and see if I can offer them 40-45%.

Message 3 of 5
Frequent Contributor

Re: Tenaglia & Hunt (Bank of America CC debt)


@Twitchrdrm wrote:

Thanks for your insight.

 

I will see if I can get them to settle for 40-45% then.

 

Maybe I need to contact BOA and see if I can offer them 40-45%.


I don't know about Tenaglia & Hunt. So who knows what they'd be willing to do. All I know is that BofA negotiated down to under 45%. I read that others had gotten even a lower percentage with BofA. If I had to do it over again, I would have lowballed the BofA person I was talking to and seen how low they were willing to go. They at first offered (I think) something like 60% but I simply didn't have the money so I couldn't have accepted that had I wanted to. I gave a lowball-ish number and she went up to the 40-something percent offer and I took it (with great relief!). I don't know whether if I had pressed it more, she would have gone even lower. She might have.

 

Hopefully some others here with more experience can give you good advice. All I know is that it doesn't hurt to start offering lower numbers and then seeing what they say. Again I don't know anything about Tenaglia & Hunt, but if BofA is willing to take 40-something percent, hopefully, T&H will too. (Or even lower!)

FICO8: Nov 20, 2018:
FICO8: Nov 20, 2019:
FICO8: Jan 25, 2020:
Goal for December 2019: FICO8 640-700 (reached! Fico 681!)
Goal for December 2020: FICO8 685-710
Overstock Store Card, $2,250Walmart Store Card, $500 limitDiscover IT Cash Back, $2000Navy Fed cashRewards, $2000Shell Citi store card, $800Navy More Rewards, $17,000RIP Green Dot Platinum
Overstock $4,250, Walmart $500, Discover IT Cash Back $2400, Navy Fed cashRewards $2000, Shell (Citi) Fuel Rewards $800, Navy More Rewards $17,000, (RIP Green Dot Platinum Secured)

Starting Score: 539
Current Score: 676
Goal Score: 760


Take the myFICO Fitness Challenge   |   My credit recovery journal

Message 4 of 5
Moderator

Re: Tenaglia & Hunt (Bank of America CC debt)

Good rule of thumb is if the debt is still inside the SOL 60% is a good offer as they could still successfully use the court system to get a judgment for it all. Typically if its past SOL then 30-50% is a good offer from you, when it goes past the CRTP then even lower amounts can be offered. A PFD is only used if the CA is actually reporting on your CR. If they are not then you would want to make a deal to settle in exchange for it not reporting.

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