I sent a pfd letter to a CA on an old debt and finally recieved a reply. they said they couldn't agree to my terms so they obviously don't want to get paid. if I try to go thru the OC and if they agree to my terms but don't delete the debt what would my next step be? i'd rather the debt just fall off then get updated with a satisfied debt,,,,any suggestions?
Did you figure something out? I am getting ready to send pfd letters, but I don't want to get stuck with a renewed SOL on accounts. Even though they may be marked paid, they'll still show problems. I'd rather have them drop off in a few months than to wake the proverbial "sleeping dog" that probably isn't factoring too much into my credit to begin with. However, I've got to abide by the stipulation of paying these out of loan proceeds in a recent refi. When you sent the letter, did the CA renew the debt on your credit reports?
To both....DON'T PAY THEN!! let them fall off. Send both the OC, and the CA "Cease And Desist" letter. That type of letter might change their minds.
Believe me, I would let them just fall off because I've suffered the damage long enough. However, as part of a refinance deal, the lender stipulated that I pay off all derogatories and cut checks out of the proceeds made out to each. They sent the checks to me, but I don't want to just send them to the trade lines without getting something in return. If I could get them to delete the records - even though they are old - it is sure to help a little. And I just need a little bump to get me started. If I can just get to a 680, my life will start to improve dramatically. I have a mortgage that I've been paying ahead of time for 3 months now that isn't yet reporting. I've also been able to get a boat loan with the help of my brother that won't hit until the boat is delivered in April. I know those may not help me in the short term, but should over the long term. I could have helped my credit some in the past by getting car loans and paying them off, but I've just paid cash for my cars for a decade now and didn't think about it. The boat will give me an installment loan on my credit report. Currently, I have on my credit reports the following: ..........................TU..........EX..........EQ TOTAL ACCTS......23..........24..........21 OPEN ACCTS.......16..........9.............9 CLOSED ACCTS....7...........15..........12 DELINQUENT.......0............0............1 DEROGATORY......9...........11...........8 BALANCES..........6842......3885.......6493 PAYMENTS..........35..........40..........35 PUB RECORDS....1.............1............1 INQUIRIES.........7.............8............9 I have the checks to wipe most of those derogs out if I could get them to PFD. I've already gotten 3 of them that will be deleted within the next month. In addition, the Public Record has been paid and should drop off soon (supposedly they drop at 5 yrs in NC if paid, 7 if not. It's 5.5 yrs old). 3/20/07 - TU-628 / EX-637 / EQ-656
