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I filed BK13 back in 2010. DriveTime was included in that. I had the BK dismissed in 2011 because I couldn't maintain the high payments. Since then, they had been reporting an outstanding balance of $8,494.37, even though I originally owed $15K+ on the car that I voluntarily surrendered right before the BK13. This leads me to believe they re-sold the car and this is the outstanding balance. I never actually got any paperwork saying they did that, though. In January 2013 DriveTime sent me a letter offering to settle with me for 10% of the $8,494.37 balance, so they were willing to take $849.44, and they would update the CRA's to reflect my account as "settled" (their word). By this time I had just purchased a new car a month before, so I am assuming they must have realized the likelihood of me paying them was slim and none. I never responded to the settlement offer. Now I am looking at it again and thinking they may be willing to do a PFD now, if they were willing to settle for so little back then. My thought is that they have probably all but written this off and they aren't expecting anything from me, so they would be more amenable to a PFD to collect on an account that they had written off. My questions are: 1. Does my rationale make sense, or am I dreaming? I know DriveTime is supposed to notoriously difficult to deal with. 2. Has anyone out there had any success in getting DriveTime to do a PFD? If so, how did you get them to do it? Any help would be greatly appreciated because I'm in rebuilding mode and would love to get them off my credit, or at least have them reflect more positively.

Hello All, I am new to the boards. I have 3 charge offs (First Premier, Macys and Victorias Secret) that are less than $1000 and my credit score is about a 570. On my credit report they are not listed under collections; but as the original creditor. I'm confused, I've been really researching, should I send a debt validation letter or a pay for delete? Because they are charged off, who should I call or write?... The CC company or collection agency? Also do you think I should get a secured Capital One credit card in the mean time to help build my credit back up? I'm trying to apply for a mortgage and I know my score is no-where near getting approved. Please help!!! Thank you so much!

Hello All, I am new to this forum. I need some help, I've had Lexington Law for a couple months and seen no improvements on my charge offs...Time to take matters in my own hands. I have 3 charge offs that are less than $1000 and my credit score is about a 530. People with car repossessions and bankruptcies probably have a higher score than me. Why are three little things destroying my score?????? I need help on what to do about the charge offs and also if I should get a secured Capital One credit card in the mean time to help build my credit back up. I appreciate your help!

Hi Guys, I've been working on my credit and so far Transunion has been the best at deleting items the fastest. I just received a letter from Calvary portfolio offeing a settlement because they legally can not sue me anymore. My account was orginally with BOA and the balance is about $850 DOFF: 11/2009 I know that this account is the reason i was denied credit with Barclays ( receive the denial yesterday) and would really like to have it removed. Any thoughts? Need more info? By the way Calvary was sold the account back in 2012. If this is removed i will have 3 new medical bills left (which I am desperatley fighting with my insurance agency) FICO TU 634

Has anyone had experience negotiating a PFD with Old Navy or anyone under GECRB. If so was it settlement, or full balance paid and did you have to deal with any specific department. Please share experiences.

Hi, n00b here. A few years ago I had a Sprint phone and wanted to cancel my account, so I talked to a customer service rep and asked if he could set it up to close my account at the end of the billing period, when my account balance would be zero. He said yes, I'll set that up for you... Well I didn't stay on top of it (my fault), junked the old phone, and proceeded to use my new phone. A few months later I get a bill for $170 for three more months of service I never used. My credit was already shot at that point, so I said screw that. Bill went in the trash. Now of course it's in collections, with Convergent Outsourcing; and it won't be falling off until 2016. I only have one other baddie, and that will fall off in 6 months. So I'm wanting to establish excellent credit by next year, and have a few credit cards I've gotten this year. Total credit limit is now north of $17k with very low balances. Scores are in the 640-690 range. So here's my question: Do I pay Convergent or not? What effect will it have if I took their offer to pay 50%? From my research, it seems they won't do a pay-for-delete. I'm hesitant to call them without a gameplan, since that will only embolden them. Thanks so much!

Midland is reporting to the Credit Bureas on an alleged Citibank account. I have disputed this with the Credit Bureas and it has come back verified. Today I called Citibank to see if they could provide me with an account number of this alleged account. After speaking with Customer Service and explaining that I was lookoing for an account number so that I could verify this alleged debt I was forwarded to the Asset Department. After being put on hold for 10 minutes I was told that they are unable to find any records showing I ever has an account. My question is what would be the best way to deal with Midland who is still refsuing to stop reporting this as a deinquient debt. Thanks.

Anyone try slippin a twenty in their dispute for a CRA deletion?

I posted a few weeks ago about our house buying dilemma... the main issue is, my husband has an old charge off from a car he co-signed on with his ex that was repo'd in 2008, for about $6000. I was asking if anyone thought we could qualify with that charge off and got several responses that we may be able to get through underwriting without paying the balance, as it's past SOL and cannot affect the title. So, we have our pre-qualification and are now looking at houses. There are several we are interested in, and are hoping we will be making an offer within a week or so.... but. I'm SO worried that this issue is going to come up and the underwriters are going to require that we pay the balance in full, in order to close. We have the money to pay it, but I would obviously much rather that go towards our down-payment. I'm wondering if maybe we should try offering a PFD now, for like 30%-50% and see if we can just get rid of it that way. I'm just worried that when if it comes down to having to pay it to close, that we won't have time to offer the pay for delete and will get stuck paying the FULL balance AND not getting it removed from his credit. Does anyone have any advice, or can anyone give me some peace of mind about the underwriting/closing process? If we don't do anything and wait, and the underwriters want the balance paid, would we still have a chance to write the OC and offer a settlement for PFD???

I've been working in my credit for the last 6 months and the only things that I have in front of me right now are to collection items (medical bills) lingering around for another 2 years. I've disputed them and they came back valid. I offered PFD for the full balance a few months ago, but they won't even take a payment in full to delete. The total for both items is no more than $650 altogether. Will these 2 items hinder me from getting a great interest rate on a mortgage if my UTL is only 6%, no late payments, AAOA is 8yrs, and only 3 INQs?

My Verizon account was sold to a Collection Agency but Verizon is the only company to report to the credit bureaus about the account. I called Verizon (I was careful not to give any information) only my name. They stated that they don’t actually handle the account there and transferred me over to the Collection Agency. Now, the CA sent me a letter about a month ago offering a settlement. I actually want to settle with the amount they offered, but I want to ensure that Verizon updates my account with the credit bureaus. If it were the actual CA reporting the bureaus, I would have done a Pay for Delete letter weeks ago, but I’m not sure how to handle this since the CA technically has nothing to delete. How do I move forward? Send Verizon a pay for delete letter? The Verizon rep did let me know that once I settled with the CA that they’d update my credit report as Paid as Agreed. Should I send the CA any letter? If so what should it say? THANK YOU GUYS SOOOOOOOOOOOOOOOOOOOOO MUCH!

The 30 days I allowed for a response to a PFD letter that I sent has passed without a response. Is the next step to give them a call? I am nervous about messing up and accidentally doing something stupid. What should I do?