Caramellady Posted September 14, 2016 Report Share Posted September 14, 2016 I've been going back & forth with Wells Fargo and we are at a 35% settlement offer, has anyone experienced where if I offered to pay 100% of the debt that WFNNB would agree to a deletion of the entry similar to what I've heard has occurred with traditional collection agencies? Quote Link to comment Share on other sites More sharing options...
Clydesmom Posted September 14, 2016 Report Share Posted September 14, 2016 PFD used to work for a few years right after the recession. Now the major creditors typically take a hard line stance against doing it but it does still occasionally work with smaller debts with more independent collection agencies. All you can do is make the offer. There is nothing in the collection laws that gives you leverage to force it. Quote Link to comment Share on other sites More sharing options...
WhoCares1000 Posted September 14, 2016 Report Share Posted September 14, 2016 If you are dealing with an OC, forget a PFD and honestly, if you can get that 35% offer in writing, take it and be done with it. Will be much less of a hassle than dealing with a JDB/CA. Quote Link to comment Share on other sites More sharing options...
neweuquol Posted September 14, 2016 Report Share Posted September 14, 2016 1 hour ago, WhoCares1000 said: If you are dealing with an OC, forget a PFD and honestly, if you can get that 35% offer in writing, take it and be done with it. Will be much less of a hassle than dealing with a JDB/CA. ^^^ This. I see 35% in my practice on occasion but I rarely see lower. I would not rely on PFD. Quote Link to comment Share on other sites More sharing options...
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