Hey guys!
It's me again. So, my next question is: What is an acceptable offer to JDB's for settlements at/after SOL? How cheap can I go? Can I offer to pay 20% or less of original collection balance? I know I can call and ask, but I was hoping for feedback from anyone that has had success in settling with extremely low offers. Isn't there a benefit because it's past the SOL? There is PRA, Midland, and Cavalry CA's reporting. If I could settle on all of these, they will PFD. Any feedback with people's experiences with this would be so greatly appreciated!
Also, what would be a good settlement % for Cavalry since I threatened them with arb and they dismissed suit? They are at SOL in 1/22. Original collection amount is $5,097.42. I was hoping to come in at ~10%/$500. Has anyone had success on super low balling a CA after threatening arb? Anyone have success stories (or any stories)?