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Best Settlement Procedure for my Situation?


Guest Waz
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Hello,

I've searched around for similar situations and read about the procedure but just wanted quick help and the best way to proceed in my specific situation.

I live in California.

I checked my CR and have three different CAs for three different debts.

I want to settle the debt (hopefully with a lower negotiated amount).

I wanted to know what you think the best exact process to follow is especially considering the bad reputations the CAs have.

The CAs I’m dealing with and amounts:

Cach LLC-$1001

4340 S MONACO

SECOND FLOOR

DENVER, CO 80237

(877) 248-8343

Enhanced Recovery Company-$188

8014 BAYBERRY RD

JACKSONVILLE, FL 32256

(800) 658-0054

Portfolio Recovery-$843

120 CORPORATE BLVD

NORFOLK, VA 23502

(800) 772-1413

My CR says the estimated time they will be removed is 2016.

Should I send them DV letters certified mail first before offering a negotiated settlement? I’ve read that response times can take many months or not come at all. I just want to settle with them so it gets removed from my report as soon as possible.

Should I try to pay-for-delete with Enhance Recovery Company since it is a small amount?

Should I make a reduced offer to Cach LLC and Portfolio Recovery right off the bat in my first letter to them? How much should I offer them each? $250 each as per the 25% recommendation recommended in the guide on the website?

Thank you for your help and guidance.

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