Pay for delete letter: A sample to remove negative items

fastmoney · Guest 0 Magic Points

Is it possible for me to get things removed that I am actually responsible for. The accounts are closed now but still show up as negatives. Like foreclosures,late payments, etc...

Joined: 03 Nov 2007 Posts: 4007 1224 Magic Points

Unfortunately, they will stay there until they fall off, usually it is about seven years on each report.

Joined: 26 Feb 2008 Posts: 4500 8812 Magic Points

Hello and welcome to credit magic, Yes it is almost immpossible to get these types of marks removed from your report. You could try and dispute them and maybe the other company will not reply but thats pretty doubtful. The best thing you can do at this point is try and build your credit which in turn will build your score.Good Luck, if you have any further questions feel free to stop back and ask.

Joined: 03 Nov 2007 Posts: 4007 1224 Magic Points

You can build your credit many different ways, apply for different credit cards, especially with the store cards, they seem easier to get then the regular credit cards.

Charge a little and pay a little to build a payment history, this will have a positive impact on your score for sure.

Joined: 26 Feb 2008 Posts: 4500 8812 Magic Points

Also do not forget to mention..when you do get approved for credit make sure you do not use more than one third of the available credit line that is given to you. If you do it can have quite the different effect on your score. Having cards that are nearly maxed out does not show good on your report. It makes it look like you have a credit card problem. Just always try to abide by the one third rule and you will do fine.

Joined: 03 Nov 2007 Posts: 4007 1224 Magic Points

True fireyone it is always good to keep a good portion of the card clear for available credit.

JMo1345 · Guest 0 Magic Points

I have a closed credit card that I recently agreed to settle on w/ 3 monthly payments, totalling $1461.27 - about 55% of the actual debt ($2656.84). Is a pay for deletion letter an option for me at this point in the settlement process?

Needanewstart · Guest 0 Magic Points

I have several debts to repay. I am guilty of the debt. I was going to try an pay a few off in about a month or so, however, if it is going to decrease my score (it is already low) than what's the point. The accounts are over 2 years old.

Joined: 03 Nov 2007 Posts: 4007 1224 Magic Points

I paid off four accounts a few years ago, it did nothing good, all it did was change them to paid, but they stayed in the negative column and they did not raise my score by paying them off. If I had it to do over again then I would have put the money towards a current debt and have them taken care of.

It is totally your choice but paying them off will not increase your score, the only thing it will do is stop collection activity, you will want to make sure that if you pay them off that you get a paid in full letter so that a future collector don't come around and try to collect the debt again, I have had this happen and have had to produce this documentation to prove it to them before they would leave me alone.

corneliaClemons · Guest 0 Magic Points

i want to see how i can get old debt that's paid off my credit report because i'm trying to buy a house

Joined: 17 Jul 2006 Posts: 1298 28935 Magic Points

Hi Cornelia,

If you have paid off a debt but it is still listed in your credit report as unpaid, you can send a dispute letter to all the 3 credit bureaus one by one. This will remove the wrong listing from your credit report, otherwise this will hurt your credit score.

If you face any trouble in writing a dispute letter then you can refer to a sample dispute letter in
http://www.creditmagic.org/repair/dispute-letter.html

Amanda · Guest 0 Magic Points

I have a debt listed from a company who then sent it to a collection agency. They are listed separately on my credit report but are the same debt. Who do I pay? The CA or the original company? How long does it take for them to remove the item?

Joined: 06 Feb 2010 Posts: 1 25 Magic Points

I need some advice here...

I've actually been successful in removed one of two negative items on my credit report. The only negative item on my credit report has been a Bank of America credit card. I disputed it through the credit agencies which verified it, and couldn't do anything. The account was closed in 2007 and I really didnt get much correspondence from their collection for a while.

Two days ago, I get an email alerting me to a negative item on my Experian report. I immediately go to see what it is, and it's some company called Calvary Portfolio Services. They say I owe about $4000.

Now I immediately get concerned and think Im a victim of identity theft. I immediately dispute the item on my credit report within 10 minutes of getting the alert. It was verified within a day!

So i call Experian on the phone. It turns out, the original creditor sold the account this past January, but instead of trying to collect the $2k that the debt was closed for, they're trying to collect double! The rep. at Experian told me that it's legal for it to be reported twice on my report since it notes thats the account was sold and purchased, but she found it odd that they were trying collect almost twice what the debt is worth! She refiled a dispute for me, but I don't know what to do.

I'm trying to repair my credit, and yet, it made my credit score drop 12 POINTS!!! For a debt that has been on there for a while.

I know that's probably alot of backstory but I wanted to make sure I get sound advice...

Who do I write the pay for delete letter to at this point? I would assume the original creditor? Because if I can negotiate with them and get it removed, then the new collection agency has to remove it right? Or am I wrong?

Comments? Thoughts? Advice?

Thanks for your help!!!

Leila

Gerry · Guest 0 Magic Points

Hi Carol,
Who should I send the PFD letter to. The original creditor- (the hospital) or the law firm/collection agency who is dealing with the account?
Thanks for your help,
Gerry
My email: galwaycity@gmail.com

Randi · Guest 0 Magic Points

What if the collection agency refuses to accept deletion for paid in full agreement? Can you make that same offer to your original creditor?

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