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?
Settle PFD with JDB / CA or Fight it Out?
Started by
billyd
, May 09 2012 07:40 PM
7 replies to this topic
#1
Posted 09 May 2012 - 07:40 PM
#2
Posted 10 May 2012 - 12:50 PM
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?
#3
Posted 10 May 2012 - 03:36 PM
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?
#4
pryan67
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Mikey, the Life cereal kid
Posted 10 May 2012 - 03:48 PM
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?
What leads you to believe that they'd take 25% and delete?
#5
Posted 10 May 2012 - 04:08 PM
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?
#6
Posted 10 May 2012 - 10:44 PM
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!
#7
Posted 11 May 2012 - 11:56 AM
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?
#8
Posted 12 May 2012 - 08:26 PM
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?
Edited by billyd, 12 May 2012 - 08:28 PM.
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