how to negotiate with resurgent debt collector?

[Jason cook]

I have a $3100 debt with Resurgent LVNV Funding from 2021 and they offered 65% to settle but i countered with 50% + pay for delete. they checked with a manager and came back with 60% but no clear PFD confirmation as i can’t go over 50% since i just settled another collection. has anyone successfully settled for 50% or less? and also is 60% worth it if they agree to remove the tradeline?

 

[Sophia. Davis]

It’s great that you pushed for a (PFD). If they won’t clearly confirm PFD in writing, be cautious—some agencies verbally agree but still report the collection after payment. Make sure you get a written agreement before paying.

As for settling at 50% or less, it’s possible, but LVNV Funding tends to hold out for higher amounts. Some people have had success by waiting until the debt is closer to the statute of limitations or offering a lump sum as leverage. If they’re firm at 60% but will remove the tradeline, that could be worth it since a deleted collection helps your credit more than a paid one.

 

[Ben Moore]

Obtain written confirmation of the pay-for-delete agreement never make a payment based solely on a verbal promise

 

[calar pipe]

If they agree in writing to remove the tradeline then 60% could be worth it. but if they won’t do pay-for-delete you might as well hold firm at 50% since it’ll just show as settled either way

 

[Jackson White]

If they agree to pay-for-delete in writing then 60% could be worth it since it removes the negative mark but if they wont delete then hold firm on your 50% offer as many have settled for less with persistence!