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No response to PFD letters


mkr_00
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PFD should be a last resort, but so many people think that paying is an easy way to fix things, assuming that the CA would rather have your money than trash your credit. Nothing could be further from the truth. The CA's look at an offer of PFD to mean that you have the cash and are willing to pay. At that point, you are negotiating from a point of weakness.

I made the same mistake once. The paid collection is still there, 5 years later. It falls off this year.

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No point in DV now. By offering to pay, you admitted the debt, and I am sure the debt is now beyond the 30 day window. You also may have reset the SOL.

For example, in FL a written offer to pay resets the obligation on time barred debts.

Is this different in every state? In Cali, is a written and/or verbal offer to pay reset obligation?

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I've only had luck once....after my divorce I guess the guy had been down the same road. Another note..if the derog is fresh, i.e. you just went 90 and the collections got involved ...then it's not all that bad - 90 days is really nothing in the big picture.

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