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chelsia831
Joined: 29 Aug 2008
chelsia831's page
Posts: 2
50 Magic Points
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Subject: debt paid in full sample letter
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Fri Aug 29, 2008 5:47 pm
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| does anyone have a sample letter from the collection agency stating a debt paid in full or zero balance owed |
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Justin
Joined: 17 Jul 2006
Justin's page
Posts: 1298
28935 Magic Points
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Sat Aug 30, 2008 8:38 am
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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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All the Best 
Justin |
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Mary
Joined: 06 Jul 2006
Mary's page
Posts: 730
17417 Magic Points
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Sat Aug 30, 2008 9:03 am
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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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Where there's a will, there's a way !! |
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CMBV22
Joined: 08 May 2008
CMBV22's page
Posts: 382
4435 Magic Points
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Tue Sep 02, 2008 3:47 am
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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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****************************
Free sample letters,
info on paying off payday loans,
and quick credit repair tips.
Pesonalized credit repair advice in the forum:
www.homecreditrepair.net
http://homecreditrepair.hqforums.net/ |
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fireyone
Joined: 26 Feb 2008
fireyone's page
Posts: 4500
8812 Magic Points
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Wed Sep 03, 2008 1:23 am
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| Oh my if this is in deed what you are thinking don't go there. |
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Guest
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Thu Sep 03, 2009 5:27 pm
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| You can contact the agency and request a letter for your records. |
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Michelle More
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Subject: Paid In Full Letter
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Sun Sep 20, 2009 12:22 am
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| I need a letter stating that a bill is paid in full. Please provide examples or what can I do? |
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Michelle Moore
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Subject: Paid In Full Letter
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Sun Sep 20, 2009 12:24 am
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| I need the letter by Monday. I need to make one up for now. Any suggestions. |
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Guest
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Sun Sep 20, 2009 12:25 am
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| 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. |
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Sherry
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Subject: Account has been paid in full
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Thu Oct 29, 2009 4:54 pm
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| Confirmation that account has been paid in full. There is a zero balance. |
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debranewell2008
Joined: 10 Oct 2009
debranewell2008's page
Posts: 605
89 Magic Points
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Thu Oct 29, 2009 8:38 pm
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| Not for sure but I believe they were commenting on another post. Not you wanting a sample letter. |
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