Pay for delete letter: Negotiate to remove negative listing

MonaLisa · Guest 0 Magic Points

My husband and I want to pay off a car loan. The amount of the loan is 11,000 and we are wanting to negotiate a payment in the field of $9,500-10,000. Is there a letter that can be recommended to accompany this payment?

Guest · 0 Magic Points

Since the car loan is accompanied by a repossession agreement, if you fail to make the full payment on the debt, the creditor might repossess you car and sell it to recover the entire debt. I think that you should contact your creditor and ask them whether they would agree to the payment you want to make.

danny303 · Guest 0 Magic Points

what if they only have a P.O.BOX for address, how can I send the letter certified?

Joined: 17 Feb 2009 Posts: 102 510 Magic Points

do you have their email address? if you have ask them their full address where they can get the letters (certified letters). i suppose you will have their email address. best luck Wink

EddieG · Guest 0 Magic Points

As long as it is a USPS Post Office Box, it can receive Certified Mail. The Post Office will put a card in the box requesting that they come to the service window to sign for the letter.

This doesn't work with Private Mailing Boxes (Address says PMB) such as those provided by UPS or Stationary stores.

nancy · Guest 0 Magic Points

i just found out that its best to ask first for a deletion letter. i have paid in full already a debt i had. can i still ask for a deletion letter? is it is a bad idea?

Joined: 27 Jun 2006 Posts: 1307 29555 Magic Points

Since you have already paid off the debt, there is no use sending a pay for deletion letter. You can however request the creditor to remove the item from your credit report, but I doubt whether they will remove it or not.
You should ask for PFD before you pay off the debt. Moreover, once the creditor agrees to PFD, you should always get it writing. However, the creditor may not agree to PFD.

Sven · Guest 0 Magic Points

Hello guys!

I moved out of an apartment last June. Management claimed I owed 143 Dollars to them ( supposedly carpet needed to be replaced). I had proof that the carpet was clean. Manager said I do not owe any additional money.
Today it showed up on my credit report. I NEVER got anything in the mail.

This was a march 3rd. I found the pay-for-deletion letter here. Took the first one thatw as posted here by the user "diem". ( first post here ).

Now I just got this from the collection agency...

Dear Mr. X

In response to your correspondence, you will find documentation regarding the above meantioned amount.
Since proof has now been provided you should remit the amount due; we look forward to resolving this matter.

That's like nothing! Does not even say they will delete it. What am I supposed to do now?

Joined: 17 Jul 2006 Posts: 1240 28942 Magic Points

Actually the creditors do not agree to remove a negative item from your credit report if the debt is small. However, even if they do not agree to pay for deletion, I think that you should pay off the debt to avoid any judgment which the creditor might bring at a later date, because judgment may adversely affect your score. However, once you pay it off, it will be shown in your credit report as "paid in full".

Sven · Guest 0 Magic Points

What???

Why would they delete an entry where I owe 10 000's of Dollars, where I probably did not pay on time intentionally ( mostly ) instead of a very tiny small amout?

I sent them a validation letter again. The one asking them to provide a signed agreement that they are allowed to collect it etc. This time they seem to be slower in responding. I can just hope.

Sven · Guest 0 Magic Points

P.S.

Even if I paid it off, my score was 740. Now it is 640 ughhh!! My score illustrator says it will ony be around 685. I worked HARD on my credit score, so this low score is not acceptable at all.
I am so upset about this.

Joined: 27 Jun 2006 Posts: 1307 29555 Magic Points

Hi Sven

Can you tell me the reason why your credit score has come down? Is it due to some delinquent accounts which got listed in your report currently or is it due to some hard inquiry listings. I think you should check your credit report first and find out the reason behind it. If there is any unauthorized hard inquiry in your report, you can easily get it removed from your report and improve your score.

Joined: 09 Jul 2008 Posts: 8 358 Magic Points

Good examples, this will help a lot of people

Sven · Guest 0 Magic Points

Carol, as I already explained above , it's beause the apartment sent the 143 to the collection agency:) That is why.

Rick · Guest 0 Magic Points

I noticed there are more than a few certified mail comments throughout these posts. I've sent 3 deletion letters so far. 2 were actually agreed to, paid and deleted. None were sent certified. Is there really a need to do so?

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