Pay For Delete letters

[jlyriq]

So i sent out 2 PFD letters and its been like 3 weeks and haven't heard anything and the checks have yet to be returned. Whats my next step?

[Trish]

I would give it a little more time.
Sometimes they are just not sure how to handle a PFD.....so they may be checking into things or sending it to the appropriate dept.

Be sure to keep checking your bank acct so that you can see if they cash the checks.

[jlyriq]

ok. kinda figured that but wasn't sure

[CreditCrisis]

Two questions…

1. If I have an account that the OC sold to a CA, can I send PFD letter and a check to the OC? What are the chances of it being accepted?

2. If the OC accepts the check and all that good stuff, will the CA they originally sold it to be obligated to remove the account if the OC has agreed to do so?


thanks!!!

[jjgross]

Originally Posted by CreditCrisis

Two questions…

1. If I have an account that the OC sold to a CA, can I send PFD letter and a check to the OC? What are the chances of it being accepted?

2. If the OC accepts the check and all that good stuff, will the CA they originally sold it to be obligated to remove the account if the OC has agreed to do so?


thanks!!!

What contract did you sign with the ca? Chance's are you didn't.So if the oc accepts payment what legal right doe's the ca have to report?none

[Trish]

It depends on if the OC sold the acct or just assigned it.
If they only assigned it, then they can recall the debt and have the CA stop reporting it.
If it was sold.....they have no right to accept a PFD on an acct they have no control over anymore.

[improving]

Interesting, how do you find out if they assigned it OR sold it?
Ask the OC? And will they tell you?
But, yeah, I would imagine you should check and see if they cashed your check and go from there.

[jlyriq]

so i got a PFD letter and check returned to me today and the CA said they cannot agree to the terms on deleting the tradeline. What should i do next?

[Trish]

Originally Posted by jlyriq

so i got a PFD letter and check returned to me today and the CA said they cannot agree to the terms on deleting the tradeline. What should i do next?

How much is the debt for? Is it still within SOL?

[jlyriq]

its only $50 and i think it is still within the SOL....this is what it says:

it was a medical bill

Account Name: PREMIUM ASSET RECOVERY
Account Number: 0107063XXXX
Acct Type: Unknown - Credit Extension, Review, Or Collection
Acct Status: Closed
Monthly Payment:
Date Open: 2/1/2007
Balance: $50.00
Terms: 1 Month
High Balance:
Limit:
Past Due: $50.00
Payment Status: Seriously past due date / assigned to attorney, collection agency, or credit grantor's internal collection department