Sending Money with PFD

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ericks798

Joined: 23 Feb 2010
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Posts: 22

543 Magic Points

Subject: Sending Money with PFD

Mon Mar 01, 2010 8:33 pm

I'm in the process of sending a PFD to a CA.

Question: When sending PFD letters to CA, should certified payments be included with letter?

OR

Question: Should a PFD payment be sent? A PFD confirmation should be received and reviewed for terms? Then, certified payment should be sent?

Question: If funds have to be included? is there a disclaimer that can be used? (for example, cashing of payment will indicate that Collection Agency agrees to the terms and conditons of this letter?)

Just wondering. In the example of PFD on this website, the letter reads as if certified funds are included with the initial PFD letter. If this is the case How do you ensure that the CA removes collection account, and NOT OVERLOOK PFD letter and its terms.

What are your thoughts.

Thanks for your assistance, I'm learning so much.
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Aaron

Joined: 08 Feb 2010
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Subject: sending pfd letter

Tue Mar 02, 2010 5:39 am

Hi Ericks,

You should send the certified "Pay for delete" (PFD) letter to the collection agency first. After they agree to your terms, you can send the certified payment to them including your dues. Thus, I don't think you need any other disclaimer.

If the collection agency agrees to your settlement plan, and PFD agreement, then they will remove the listing. However, if they don't you can use the certified mail return receipt to dispute the item with the credit bureaus.

Hope this helps.

Regards,

Aaron.
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cinnamngrl

Joined: 01 Nov 2008
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Tue Mar 02, 2010 11:39 am

You need a written statement from the CA on letterhead stating agreement with the terms of the PFD. This can come in the mail or fax
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fireyone

Joined: 26 Feb 2008
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Tue Mar 02, 2010 11:56 am

I would not include any payment until I had the PFD in writing. send out your PFD and wait for a response. Once that response is received and you have the letter,with company logo, account number,and any other info, then proceed with the payoff. If it isn't removed with in a reasonable time period (it can take a little bit for removal) then dispute the mark with the bureaus.

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