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Settle PFD with JDB / CA or Fight it Out?

billyd

By billyd
in Credit Forum

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The last post in this topic was posted 5140 days ago. 

 

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billyd

billyd

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I am debating on whether or not to settle with a well-known debt collector, collection attorney, etc. The balance keeps growing but not quite sure how to negotiate. Basically I have another 1.5 years left on the SOL. I am in no rush to get the derog off but it would certainly help get some new cards. I should be able to negotiate the balance down to 25% and get them to do a Pay For Delete? I feel like its going to be a hassle to get them off my CR unless I settle, get them to agree to a PFD and then get the JDB to actually delete it. What are your thoughts and experiences on this?


billyd

billyd

Posted
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I am debating on whether or not to settle with a well-known debt collector, collection attorney, etc. The balance keeps growing but not quite sure how to negotiate. Basically I have another 1.5 years left on the SOL. I am in no rush to get the derog off but it would certainly help get some new cards. I should be able to negotiate the balance down to 25% and get them to do a Pay For Delete? I feel like its going to be a hassle to get them off my CR unless I settle, get them to agree to a PFD and then get the JDB to actually delete it. What are your thoughts and experiences on this?

 

Any thoughts?

billyd

billyd

Posted
  • Author
Posted

I am debating on whether or not to settle with a well-known debt collector, collection attorney, etc. The balance keeps growing but not quite sure how to negotiate. Basically I have another 1.5 years left on the SOL. I am in no rush to get the derog off but it would certainly help get some new cards. I should be able to negotiate the balance down to 25% and get them to do a Pay For Delete? I feel like its going to be a hassle to get them off my CR unless I settle, get them to agree to a PFD and then get the JDB to actually delete it. What are your thoughts and experiences on this?

 

Any thoughts?

 

bumps?

pryan67

pryan67

Posted
Posted

well, is it a valid debt? Have they validated it, or are you just taking their word for it that you "owe them"?

 

What leads you to believe that they'd take 25% and delete?

billyd

billyd

Posted
  • Author
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well, is it a valid debt? Have they validated it, or are you just taking their word for it that you "owe them"?

 

What leads you to believe that they'd take 25% and delete?

 

I'm dubious that I owe this and no it hasn't been validated yet. However it is possible since I had some accounts in my name that went bad.

 

I believe they'd take 25% because they can't find me and serve me. I don't know why they'd delete or how I can spice the deal so this is true?

billyd

billyd

Posted
  • Author
Posted

well, is it a valid debt? Have they validated it, or are you just taking their word for it that you "owe them"?

 

What leads you to believe that they'd take 25% and delete?

 

I'm dubious that I owe this and no it hasn't been validated yet. However it is possible since I had some accounts in my name that went bad.

 

I believe they'd take 25% because they can't find me and serve me. I don't know why they'd delete or how I can spice the deal so this is true?

 

bumps!

billyd

billyd

Posted
  • Author
Posted

well, is it a valid debt? Have they validated it, or are you just taking their word for it that you "owe them"?

 

What leads you to believe that they'd take 25% and delete?

 

I'm dubious that I owe this and no it hasn't been validated yet. However it is possible since I had some accounts in my name that went bad.

 

I believe they'd take 25% because they can't find me and serve me. I don't know why they'd delete or how I can spice the deal so this is true?

 

bumps!

 

Bueller?

billyd

billyd

Posted
  • Author
Posted (edited)

well, is it a valid debt? Have they validated it, or are you just taking their word for it that you "owe them"?

 

What leads you to believe that they'd take 25% and delete?

 

I'm dubious that I owe this and no it hasn't been validated yet. However it is possible since I had some accounts in my name that went bad.

 

I believe they'd take 25% because they can't find me and serve me. I don't know why they'd delete or how I can spice the deal so this is true?

 

bumps!

 

Bueller?

 

http://www.youtube.com/watch?v=f4zyjLyBp64

Edited by billyd

The last post in this topic was posted 5140 days ago. 

 

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