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Wells Fargo National Bank - Charge Off Settlement Offer


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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.

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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.

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