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JCPR2

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  1. @admin, I agree with you - I doubt they will accept a pay for delete. So, do you think simply paying the full amount of the balance just to get a "Paid in Full" status is my best bet?
  2. Thank you so much for your help, @admin. Prior to sending them an Intent to Sue Letter, should I send a Debt Validation just in case? It seems World Financial Network Bank is the original creditor here. Their name is on my original Victoria's Secret statements and the Collection letters as well. I'm a little confused by this set up. With that said, is sending a PFD letter still a viable option?
  3. Thanks, @admin. The Settlement Letter states: "I am willing to accept 40% towards your Victoria's Secret credit card account balance in full of $657.53. This means that we will accept $263.01 in order to cease further collection action that will be taken against you. Once you accept and fulfill this offer, I will notify the appropriate national credit reporting agencies that you have settled this account." I contacted them immediately and made the payment over the phone with my debit card. There was no activity from them for two whole months on my CR until 09/2012. Do you think I should try writing a PFD letter prior to disputing with the Credit Bureaus? Is that true what the representative stated that because I settled and did not pay the entire balance it will show in my CR that I still owe? That doesn't make much sense to me... then why settle? What should I do? Every time I call to get answers or to try to settle this account I am shot down stating I can either pay the full balance for nothing better than a Paid in Full status or wait the 10 years. This is really the only big blemish on my CR but it's big enough to prevent me from getting a home loan.
  4. I had a Victoria's Secret account that went delinquent and was sent to their Recovery Team for World Financial Network Bank. In 07/2012 I received a letter stating they are willing to accept 40% of my balance in order to cease further collection and will notify CRA that I had settled my account. I accepted this settlement and paid $263. In 09/2012, my CR showed my payment status was "Legally paid in full for less than the full balance" although it was still showing that I owed (I'm assuming the balance after the 40% was applied). It is now 07/2013 and my CR is showing that my account is beyond 120 days past due and showing a Failure to Pay. I contacted World Financial Network Bank asking if I settled my account, why is it still showing that I owed. The representative stated that even though I paid the settled amount, because I did not technically pay the debt in "full" it will still show on my CR as debt owed. I kindly requested to speak to his supervisor. She was very nice and empathetic although denied my request for Payment for Deletion. She said my only two options are to wait the 7-10 years until this falls off my CR or to pay the balance of $394 in order to have my status changed to "Paid in Full." She stated they cannot do a Pay for Delete as it is illegal and they can verify the debt is mine. What should I do next? Should I send a letter requesting the PDF anyway? Or Is it best to just pay the balance and hope my credit score improves? PLEASE HELP!!
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