Pay for delete letter: Negotiate to remove negative listing

booker · Guest 0 Magic Points

where do i get these agreement letters from

Joined: 08 Feb 2010 Posts: 2675 48567 Magic Points

Hi booker,

You will get a sample "Pay for delete" letter with this community itself. You can use it to write one of your own. You simply need to change the texting of this letter according to your situation.

Thanks,

Aaron

ACe · Guest 0 Magic Points

I had a house fire 1 year ago and literally my financial situation fell apart. I ended up settling 2 of my accounts and then later learned I could request for pay for delete. Well one account I just didnt have the money at the time to pay. It is not with a collectin agency/attorneys office in Illinois. I spoke with them and they did agree to take a settlement in one full payment but stated they could not delete the information from my credit report. ie xplained I wanted it to show paid in full or deleted and they won't budge. They said they were not allowed to do that and couldnt. They said they can show it as paid in settlement or paid with a zero balance but show settled. Any thoughts? I have the agreement amount that they are willing to take. Thanks!

Joined: 08 Feb 2010 Posts: 2675 48567 Magic Points

Hi,

If you are making payments in full then they should report the account as "Paid in full". Send in a "Pay for delete" letter requesting this, through certified mail, requesting a return receipt. Mention about making the payments in full. Now, if they don't agree to this, you can file a complaint with the Fair Credit Reporting Act.

Thanks,

Aaron

Joined: 03 Nov 2007 Posts: 3927 57 Magic Points

Aaron is right, make sure you get everything in writing so that you have proof later.

Joined: 03 Nov 2007 Posts: 3927 57 Magic Points

any updates from the poster, sure would like to know how things are going?

Joined: 26 Feb 2008 Posts: 4285 140 Magic Points

Good point all in getting the proof. you also need to hold onto any documentations for years. I have said before and community members who have been around here for a while can also agree..how many times we see where people pay off debts and then a creditor or collection agency comes back to recollect. With out proof you may end up repaying a past debt.

Guest · 0 Magic Points

What is sample letter that the account has already been paid and to inform to the collection department in the company?

TrevorJackson · Guest 0 Magic Points

What is registered post. you made this statement.

Whenever you send a letter of deletion for negotiating for pay for deletion agreement, you should always do it by registered post. This is because you need to have a proof that the creditor has agreed to your pay for delete letter which you will require if they do not remove the debt from your report once you pay off the debt in full.
_________________

SharonLittle · Guest 0 Magic Points

Hello Carol, I made a setlement with Capital One a few years back. However, some one called me from a collections agency. I immediately called Capital One about the matter just a few days ago. The representative reminded of the settlement but stated that I still have a balance of $604.00. Yes, the settlement was correct but the account on file should say account closed but agreed to a settlement which was paid. What should I do? Should I send a pay for delete letter to capital one? [mail id removed as per forum rules]

Barbara_Elena · Guest 0 Magic Points

After you are through with debt settlement all your unsecured debts are eliminated. Whatever lump some money is decided upon between you and your creditor, is accepted as payment in full.
So, you don’t have to pay your remaining debt, if you don’t want to.
Send a pay for delete letter and ask the collection agency to remove all the information regarding this debt.

Neil · Guest 0 Magic Points

Hi Carol,

I received a credit card bill in November 2009, but I was out of the country and didn't have internet access to pay it. When I came back in Jan'10 I saw that my account wasn't working. So I called my credit card company and asked them about it. They told me that I didn't pay the bill, so its blocked. I paid the amount in full (just $40) and thought it would not be on my account. But recently when I was applying for an auto-loan it was denied because of the adverse account in my history.

I called my back asking about taking it off, but they replied back saying it wasn't an error on their end and that everything on file is valid/correct.

I have called the 3 credit bureaus asking them to taking it out and they said they will be sending a request to the credit card company on my behalf.

I just came across this post while searching for options and was wondering if I could still send a PFD to get it out of my account. I can prove that I have $30k cash in my back sitting idle and that I didn't pay because I didn't have money.

Please advise as to whats the best I can get out of this and how.

Many thanks!

Joined: 08 Feb 2010 Posts: 2675 48567 Magic Points

Hi Neil,

"Pay for delete" agreement is actually made before making the payments. Once the dues are paid, the creditor or colelction agencies generally don't bother to work out such problems anymore. You have already tried to dispute. If this does not work out, you can send a goodwill letter to the creditor. Sometimes goodwill letter works out.

Thanks,

Aaron

Neil · Guest 0 Magic Points

Thanks Aaron for your advise. However, the link you sent isn't opening. Is there another working link that you can point me to?

Thanks!
Neil

Joined: 08 Feb 2010 Posts: 2675 48567 Magic Points

Hi Neil,

You are welcome Smile

As for the link, it opened when I tried. There could have been server problem with that particular site. However, you can try once more.

Thanks,

Aaron

Previous 1, 2, 3, ... 18, 19, 20, ... 28, 29, 30 Next
Page 19 of 30