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debt paid in full sample letter

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chelsia831



Joined: 29 Aug 2008
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50 Magic Points

Subject: debt paid in full sample letter
 
Posted on Fri Aug 29, 2008 5:47 pm  

does anyone have a sample letter from the collection agency stating a debt paid in full or zero balance owed
Justin

Justin

Joined: 17 Jul 2006
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28935 Magic Points

 
Posted on Sat Aug 30, 2008 8:38 am  

Hi Chelsia
Whenever you pay off your debt to the collection agency, the collection agency reports it to the credit bureaus who in turn lists the debt as "paid" in your credit report. The collection agencies generally do not send you any letter confirming that you have paid the debt in full. All you need to do is to order a credit report to find out whether your payment has been updated or not. If it has been updated in your report as "paid", it would mean that they have informed the bureaus that you have repaid it.
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Mary

Mary

Joined: 06 Jul 2006
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17417 Magic Points

 
Posted on Sat Aug 30, 2008 9:03 am  

Yes, Justin is right. The collection agency reports it to the bureaus and the bureaus update the listing in your report as "paid" as soon as you pay off the debt. However, sometimes it happens that you make the collection agency agree for pay for deletion agreement where the CA need to remove the listing from the credit report but you may find the listing as "paid". In such cases you need to send a dispute letter to the bureaus telling them that you do not agree with the listing. However, for this, you may need to produce proof that the CA agreed for PFD. So whenever you are negotiating for PFD with the CA, you should make all correspondence in writing
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CMBV22

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Joined: 08 May 2008
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4435 Magic Points

 
Posted on Tue Sep 02, 2008 3:47 am  

FYI, the CRA contact the CA that are on your CR. If you make up a fake letter and send it to the CRAs they will find out that it is fake and you now have commited fraud.
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fireyone



Joined: 26 Feb 2008
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8812 Magic Points

 
Posted on Wed Sep 03, 2008 1:23 am  

Oh my if this is in deed what you are thinking don't go there.
Guest







 
Posted on Thu Sep 03, 2009 5:27 pm  

You can contact the agency and request a letter for your records.
Michelle More
Guest






Subject: Paid In Full Letter
 
Posted on Sun Sep 20, 2009 12:22 am  

I need a letter stating that a bill is paid in full. Please provide examples or what can I do?
Michelle Moore
Guest






Subject: Paid In Full Letter
 
Posted on Sun Sep 20, 2009 12:24 am  

I need the letter by Monday. I need to make one up for now. Any suggestions.
Guest







 
Posted on Sun Sep 20, 2009 12:25 am  

Why should I not go there. The bill is paid but I need to submit proof of payment and would like a sample letter so I duplicate it or print it.
Sherry
Guest






Subject: Account has been paid in full
 
Posted on Thu Oct 29, 2009 4:54 pm  

Confirmation that account has been paid in full. There is a zero balance.
debranewell2008



Joined: 10 Oct 2009
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Posts: 605



89 Magic Points

 
Posted on Thu Oct 29, 2009 8:38 pm  

Not for sure but I believe they were commenting on another post. Not you wanting a sample letter.

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