when to dispute vs. Pay for delete

[voncreutz]

My credit score at the moment is 548 according to equifax. I have several collections, a repossesion and late payments on my credit report.

How do I know when to dispute and when to send the CA a pfd letter?

I can't tell for sure if all the late payments on my report are being accurately reported or not. I know that one of my credit cards through capital one ended up in collection after they told me that my payment to thhem was an hour late (even if it was made on the due date), this gave me a late payment fee that brought me over the credit limit, which then resulted in a over limit fee....after that, it spun out of control and it eventually ended up in collection.

I guess, waht I want to know is: can I safely dispute a collection item even though it may very well be reported correctly?, or do I in this case send the CA a pfd letter, hoping they will accept a offer?

Thanks in advance for any help regarding this

[Trish]

If it's a CA.....then do a 1 2 punch.
See what happens then.

If the CA comes back with proper validation........then you can try a PFD.

[voncreutz]

Thanks, I'll try that and see what happens

[AMIRacle]

would you do a 1 2 punch even if the account is not beyond the SOL?

[decadude]

what is a 1 2 punch and a sol and a pfd??

sorry new to this dont know the acronyms thanks

[Help]

Originally Posted by decadude

what is a 1 2 punch and a sol and a pfd??

sorry new to this dont know the acronyms thanks

SOL= Statute of Limitations, at its most basic, its how long a CA or OC has to sue for amounts owed

PFD is a pay for delete, basically its funds sent to the CA or OC (I think) with a letter that says acceptance of the funds constitutes an agreement that the account is paid,closed and will be removed (deleted) from the credit report

[decadude]

Thanks for the reply ya I seen the abbreviation section.

I should have read around before posting. This site is extremely helpful especially the beginner section I would advise everyone to read all you can in it.

Thanks for all contributions.