Pay for delete letter: Negotiate to remove negative listing

Joined: 27 Jun 2006 Posts: 1307 29555 Magic Points

The most interesting feature of creditmagic is that the sample letters are made sticky in the credit repair section which makes it easy to access. We can browse the credit repair section of creditmagic and refer to these sample letters anytime we need.

Joined: 29 May 2008 Posts: 8 362 Magic Points

Am I ever glad to have found this site. Great tools and information. The 2 sample letters of deletion are great, but I have a question about adding to them.

Having read quite a bit on this topic elsewhere, I've seen others suggest to state or imply that "you want them to know that you’re dealing with lots of different creditors and the ones who are willing to deal with you will be the ones who will get paid . . . and, that you only have a small chunk of money to work with".

I am wondering what others think about this and if I should directly state this in my letter of deletion? The above statement accurately describes my situation.

Thanks!

Randall[/u]

Joined: 06 Jul 2006 Posts: 686 17396 Magic Points

I agree with you Randall. If you mention this with your pay for deletion letter, I too think that they will try to come with favorable terms with you. This is really a good idea. Actually there is a lot to learn from this forum and thanks for joining this forum with your ideas.

Joined: 08 May 2008 Posts: 364 4810 Magic Points

Randall, PLease be careful about sending a letter that will admit your obligation to the debt. This will make any future DV etc very difficult. What if you send theose letters & you car dies. Well, now you cant pay all of them but they have a letter from you saying yeah, I owe you this money but, I am only going to pay the forst 5 ppl who contact me....

Joined: 29 May 2008 Posts: 8 362 Magic Points

Thank you. Yes, I will be be careful and not rush this. I'll take today and though the weekend to work on this.

I've drafted a first version letter of deletion which states among other things, "My letter should NOT be construed as an acknowledgement of liability for this debt in any manner".

Joined: 28 Jun 2006 Posts: 446 10878 Magic Points

Hi Randal
I think that you will be at risk if you follow your previous idea " ones who are willing to deal with you will be the ones who will get paid . . ." Your present letter, of which you have given a hint, is much more acceptable and formal.

Joined: 03 Nov 2007 Posts: 3927 10 Magic Points

I have to do one of these letters to a collection agency that I was reading about on the debt forum, seems these fools get pretty nasty, so I will get it out tomorro and fax them a copy in advance so they quit calling my place of work and home.

Joined: 08 May 2008 Posts: 364 4810 Magic Points

Make sure you also send it via certified mail so that you can prove you sent it.

Joined: 26 Feb 2008 Posts: 4285 127 Magic Points

That part about calling at work is absurd. I hate that they do this. I mean if you don't have a job cause of annoying phone calls then how do they think you can pay them anything. I believe a new set of rules pertaining to debt collection need to be established. The first one being no contact at work. Good natured How does your employer feel about them calling your work place?

Joined: 08 May 2008 Posts: 364 4810 Magic Points

fireyone,

You have rights under the FCRA that says if you send a CA a letter telling them only to contact you via letter, and they call you, you can sue them.

Joined: 03 Nov 2007 Posts: 3927 10 Magic Points

Fireyone,

I have started doing something right from the start that seems to be really effective.

I asked them what state they are from, I then go on my states attorney website and their state attorney website and file a complaint right away, then I send them a debt validation and an additional letter along with it that states.

"To make sure that my rights under FCRA are protected, I have made these states attorney generals office aware of our correspondence, they will be contacting your within 10 business days" I then follow up with a copy of the letter to each of the states attorney generals office, just cc everything to them.

I know that Pennsylvania's attorney generals office does an immediate phone call with in the 10 days.

This has seemed to be more effective then arguing with them and them harrassing the crap out of me. I have had them act according to the law and most of the time, stop bothering me all together. You may want to try it. I do it right a way instead of waiting for them to start getting aggressive, this is just my way.

Joined: 29 May 2008 Posts: 8 362 Magic Points

Well, I sent a PFD letter to 2 creditors about 2-3 weeks ago. No response from 1, while the other sent a counter-offer with an acceptable dollar amount, but they said their policies prevent them from deleting a record.

I wrote back stating essentially that this is incorrect, they can in fact delete a record, along with some suggested wording from CMBV22. I have not heard back now in 10 days so I plan on calling them.

How badly will my (already poor) credit score be effected, and for how long, if its' not deleted but listed as "paid in full"? I need these accounts taken care of fairly quickly in order to get a federal job and I don't have a lot of time to "go back and forth". Is there a listing other than "paid in full" that is not as damaging?

Any input is appreciated!

Joined: 03 Nov 2007 Posts: 3927 10 Magic Points

You should insist that they delete, I have paid things off and they are still in the negative part of my report, they state paid, but still have the negative affect on me, I don't think this is fair, but they will not remove them after the fact, I would push it while you have the power, as soon as you pay them, your power is taken away.

goodluck, hope you see positive results soon and goodluck with the federal job.

Joined: 07 Jul 2008 Posts: 25 1571 Magic Points

Hello everyone,

I am brand new to the forum here. I have been reading through the forum for a few days and found some really great information. Here is my issue if anyone can help. Two days ago I checked my credit report with Experian. I found a negative item from GEMBPPBYCR ( GE Money Bank PayPal Buyers Credit?). I have disputed this account through Experian because I have no knowledge of it. I saw in this forum that it has happened to a few. Should I also send them a PFD letter? They aren't technically a collection agency, but I thought it would be a good idea. The report states that the account was opened in 05 and they never contacted me. The balance is $160, which I could pay off right now, but the item will still be there unless they delete it. Any help on what I should do? Thanks in advance to all!

kyle · Guest 0 Magic Points

If they cash the cashiers check, how do you get a copy of it once they cash it?

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