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letter of deletion

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SIA



Joined: 18 Oct 2009
SIA's page
Posts: 62



2518 Magic Points

Subject: letter of deletion
 
Posted on Thu Jan 07, 2010 5:26 pm  

what is a letter of deletion and can it be used to remove a negative item on your credit report?
debranewell2008



Joined: 10 Oct 2009
debranewell2008's page
Posts: 591



108 Magic Points

 
Posted on Fri Jan 08, 2010 12:35 am  

I believe you are referring to a pay for delete. That is when you owe a creditor money and you both agree on an amount that you will pay on the debt and the creditor will delete the negative listing from your report. But not all creditors will agree to this.
fireyone



Joined: 26 Feb 2008
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Posts: 4246



80 Magic Points

 
Posted on Fri Jan 08, 2010 1:24 am  

A pay for delte letter is made to the original creditor or debt collector to remove an outstanding debt from your credit report.
Remember to always ask for debt validation before requesting a pay for delete. The pfd should be sent before even starting negotations with the collector for a repayment plan. If they agree to the pfd you can make re payment arrangements and when it is paid it will be removed from your report.
cinnamngrl

cinnamngrl

Joined: 01 Nov 2008
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Posts: 1322



6365 Magic Points

Subject: nope!
 
Posted on Wed Jan 13, 2010 11:36 am  

Ok a letter of deletion is a letter from a creditor that states that their tradeline will be deleted.
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cinnamngrl

cinnamngrl

Joined: 01 Nov 2008
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Posts: 1322



6365 Magic Points

Subject: more info
 
Posted on Wed Jan 13, 2010 11:38 am  

generally it happens when you have been disputing something directly with the furnisher (not the CRA).

They are documenting the resolution of your dispute. This is important because it takes a while for CRAs to update sometimes so usually you will send a copy of the letter to all four when you get it.
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How to PFD, OPT-out, Complain, etc
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