Yawo64 Posted March 27, 2007 Report Share Posted March 27, 2007 Hi,I am considering settling / paying off some accounts -- DirectTV ($85) and Suntrust ($235) if they come back validated and verifed.My question is: why if they reject my PFD offer, and offer me a "settled" notation on my CRs. I know settled is as devastating as a paid collection, hence not an attractive option. So if we both cannot come to a reasonable settlement, and I refuse to pay, have I literally hit a brick wall (since I would have acknowledged the debt by making an offer)?What other options exist?rgds, Y Link to comment Share on other sites More sharing options...
willingtocope Posted March 27, 2007 Report Share Posted March 27, 2007 You would need to give some thought to the exact wording, but you want to include something in your offer to the effect "...I still have no evidence this is my debt, but in the interest of clearing my credit report, I am willing to pay..." Link to comment Share on other sites More sharing options...
Yawo64 Posted March 27, 2007 Author Report Share Posted March 27, 2007 I found a validation cum settlement letter in the "Good Credit is Sexy" book).The last paragraph reads: The offer is not an admission of indebtedness, but an attempt to bring swift closure to this matter and clear negative items from my credit report.And attached to the letter will be the PFD agreement, asking them to agree to delete, remove account from chexsysystems, if they accept paymentShould these proviso's be adequate ?regards, Y Link to comment Share on other sites More sharing options...
willingtocope Posted March 27, 2007 Report Share Posted March 27, 2007 Looks good to me. Link to comment Share on other sites More sharing options...
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