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  1. Hello everyone, I am writing because I am just a bit confused as to what I should do next. I have two debts with the same company. I sent off two different validation letters to EOS CCA for two different debts. For one of the validation letters for a century link account, they sent back a settlement offer rather than validation. I have yet to receive response from the second acct, so hopefully they just remove it. But long story short... They "claim" that I owe 172.88. Rather than send validation back, they sent a letter stating they are willing to settle this debt for $69.15. That is a wo
  2. This would require a little homework of anyone who didn't follow the adventure. If you're so inclined, you can read the first post of this 6-month-old thread: JDB accepted my settlement offer - THEY pay ME for violation? So here's the latest twist and your Sunday Survey... Their compliance manager sent me a LinkedIn request to connect. I'm certain it was an accident...I'm in his email contacts; he probably didn't remember how he knew me. I'm tempted to message him and ask if he's trying to be entertaining on purpose or if it was merely an oversight. He's the only person I h
  3. Hi CB'ers. For a brief back story, my credit journey started 4 months ago when I joined this site and I've enjoyed about 40 point increases on average for all three FICO scores since then. I'm shopping for a house in the spring (fha loan) and I need some advice to maximize my credit scores and clean up CRs in preperation. My 3 ficos were inthe 590-605s when I joined here now they're in the 640-650 range. I removed approx 9 lates/derogs, paid off 3 cc's to reduce my util to about 45% of 12.5k (still plugging away and plan to be below 20% by home loan app time), paid off 13k car loan, and got a
  4. This is from Illinois. The account went chargeoff in Summer 2012. I've been willing to pay it for a long time so long as I can have it removed from my credit. Any advice on how to go forward? Thanks for any help! The text from the letter is quoted below.
  5. Hello, Newbie here and excited to find such a helpful and vast forum site on all things credit! Anyway, I've recently decided its time to start fixing my poor credit that has largely been caused by credit cards used in my early 20's and a private student loan balance that ended up going to collections. My private loan debt is $19k and credit cards are $7k (recently paid down from 12k) I'm a recent college graduate (2010) and was lucky enough to get a good job right out of college. I just got a new job 3 months ago that pays even better than my old one which coupled with having a newborn son, h
  6. Does anyone have a copy of a settlement letter from macys they could send me?
  7. Hello from a newbie, I was unemployed last year for almost half a year, and let a Kay Jeweler's account go delinquent after November. First off, I take full responsibility for this, and it should never have gotten this far. However, it was a $2500 debt that, with interest, is higher. Today, I received a credit monitoring alert that it went into chargeoff status. I have not received any communication from them (and don't expect any until the mid-end of the week?), but... What are the odds of a settlement offer from them? I want to pay it, but need to make payments. At this
  8. I recently obtained validation information from Midland Funding regarding an account in collections. I CM-RRR'ed the DV letter to them last month. I am with-in SOL in Louisiana. SOL ends around 03/2015. I want to try to have them delete the TL off my CRs. I want to send a PFD letter for a settlement amount. I won't lowball since I know I'm inside SOL, somewheres around 55%-70% of total. I know its a touchy area sending PFD Settlement letter within SOL. My question is, lets say I send the letter, they do not accept the settlement. Will they send something back stated so
  9. Hello, I'm new to the boards and have been reading as much as I can. Long story short, few years ago I got a few lines of credit; ie retail stores/credit cards. Spent more than I took home, and got into debt. Got lost along the way and stopped paying due to poor money management and stupidity. I have a total of $8083 dollars in unsecured debt between credit cards, $2671 of the debt is student loans. I know the accounts are charge-off's, and in collections. I'm finally able to manage my money and budget. Who would have guessed? I have approximately $900 left over a month and getting a
  10. Hello! When negotiating with a JDB or OC, what do you ask for the tradeline to be when you are trying to settle? We don't have the money to pay the full amount owed but are trying to settle for 20%-30% on the dollar. I read something about getting them to agree to not answer any CR challenges. Is that an added request in the negotiation? Thanks!
  11. Hello, everyone and thanks in advance for your help! I've looked a lot and cannot find a sticky or a step-by-step guide to successful settlements. I am asking a LOT of questions in this post, but in return for everyone's help, I will commit to putting all questions and answers in a user friendly format to send to the site owners should they want to post this topic for newbies (like me) who are looking for some help. I did find one post with the following information (LMK if you agree or disagree, please): 1.Always get the settlement agreement in writing. 2.Send everything USPS (C
  12. Hi, I am located in CT. (a judicial foreclosure state) I owe $295,000 on my first mortgage (which is current with Bank of America). My home value is $183,000 I have not paid my Green Tree 2nd since 2011. The amount owed is $48,000 At this point a local law firm has begun attempts to collect the debt, and I assume at some point in time they will eventually sue me. I've made 2 settlement offers thus far, one for 5% and another for 10% both denied. They came back and said that they will not go below 50%. At this point I'm holding off on making anymore settlement offers. I provided them wit
  13. Called AMEX today to attempt to negotiate a settlement. Account is 74 days past due so it hasn't go to the cancellation department. The Service Rep said Amex has not been offering settlements for 2-3 years. Said it will go to cancellation then to litigation. Is this a bunch of BS?
  14. I have several accounts credit card accounts that are about 120 days past due. These are cards I've had for many years and didn't miss payment before going through divorce recently. I don't have the income to continue paying these accounts. Is it better for my credit to ask them to remove the tradeline or to report as paid as agreed or paid in full? In otherwords, if they report as paid as agreed, does the fact I let them go 120 days past due still stay on my credit so it's better to have them remove the tradeline?
  15. After several years of waiting for baddies to die of old age, we're almost ready to apply for a mortgage. Our worst baddie, an unpaid Chase charge off of about $1300 is due to fall off our reports next month. We had attempted to goodwill this with the Chase EO a couple of years ago, when several others had so much success. No goodwill for us though (they stated the debt had been sold and was out of their hands.) So, we just waited it out, and it has already fallen off EQ. We have paid off most of our current debts, and finally have funds available to clear up the remaining collecti
  16. Hello All, I have a question for the infinite knowledge of the boards, and hope I can get some clarity on this. I have three relatively old accounts that were charged off late 2007 / early 2008. The question in, should I attempt to contact them now and offer a pay for delete in order to remove them from my report before buying a house? If so, what is a realistic percentage I should target for this settlement? The accounts are as follows: Chase - SOL ends on 12/2013 PNC Bank - SOL ends on 02/2014 Capital One - SOL ends on 02/2014 I live in Ohio where the SOL is 6 year (from what
  17. Hi all - I'm new here, but need some advice. This is going to be a lot of info, so bare with me... I was out of work for about 4 years. I did self employed work to give me some income and did OK, but we just barely met ends meet with our mortgage, car payment, and normal living expenses. I had/have four credit accounts that I had to stop making payments anywhere from 6-12 months ago. I am now employed again and making a very good salary. I want to get current with my accounts and eventually get everything paid off. I'm not looking for a way to cheat my debt. I made it, I'll pay it b
  18. Hi All, This is my first posting and I appreciate any advice. My husband and I had a Citi card that was charged off in august of this year and we just received a call from a lawyer's office representing a CA (atlantic credit & finance). We have yet to receive anything in writing from them. We would very much like to negotiate for the best possible settlement, however we need some time (30-60 days) to come up with some cash to offer a settlement and in the meantime we are afraid of being sued by this lawyer as we do have some assests. We checked our CRs (all 3 via annualcreditr
  19. Background: Three of my CCs were CO after I was laid off. I am working to rehabilitate my credit with a slim savings account. After successfully applying for a secured CC, I awakened the Cap1/Northland mutuant by giving the CRAs some positive activity and my current mailing address. Naturally, Northland sent me settlement offer a few days ago. Why this is an issue: Thanks to the contributors here, I know Cap1 keeps great records and dilligently wrecks my CR on a monthly basis. Therefore, getting this "baddie" off my CR is on the to-do list. However, I can't afford Northland's settlemen
  20. Hello all, I am new to this forum and I am excited to contribute my positive experiences and really hope to find some good advice! I am currently in the process of repairing my credit. Thus far, I've been utilizing resources online to guide my way to better credit. However, I'm baffled by the one last source of bad credit left- I'm not sure what the best course of action to take is. I have a ~$2000 debt with a collection agency from not paying rent at an apartment ~3 years ago during a time of financial hardship. On my credit reports, this shows up as 1 Public Judgment and 1 ChargeOff
  21. I won a judgement a little over two years ago and had that judgement recorded in the county where she now lives in California. She has paid nothing for the past 2 years and is now getting divorced . I do not know if this judgement was ever reported to the credit agencise, how do I find out if it is on her credit report?? am I allowed to contact the credit agencies to confirm that the judgement is on her record? am I eligible for a copy of her credit report to see what assets she may have, such as a mortage, car payments, bank accounts etc.??? Do I need to contact the divorce court
  22. So my husband has a ton of student loan debt all incurred before we were married. He has 200,000 in federal loans, 25,000 in private and a 20,000 judgment for a bar study loan which doesn't count as a student loan (yikes! I know!!). We are currently paying off the federal and private student loans but haven't touched the 20,000 judgment. He was underemployed for a long time making around $12,000/yr so he just couldn't pay. He recently got a better job (yay!) but now I'm worried they are going to try to garnish his wages. My question is, should we try to negotiate to pay off the judgment
  23. Has anyone ever registered online through Cavalry Portfolio Service's website? It tells me it cannot find the account either by my SS#, the account number, or their case #. My most recent CMRRR was received by them on 7/15. Maybe they gave up, although account has not been deleted from CRs yet? Thoughts?
  24. I have an account that JUST went into collections. It is a Sears/Citibank account now being handled by UCB (United Collections Bureau). I called Sears (CitiBank) to discuss options and I was dismissed and immediately forwarded to UCB without discussion. A UCB agent offered a 50% settlement and the credit report would read "settled in full". From my research, that's not really much better than the active collection. The debt. It's mine. $3100. It's legit. Life happened, an oversight happened. Although 50% sounds great, I would rather pay 100% if it means deletion from my credit re
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