Pay for delete letter: Negotiate to remove negative listing

Joined: 03 Nov 2007 Posts: 3927 10 Magic Points

You should be able to track the check from with whom you purchased it, they will know if it cleared or not. You should get a reciept when you purchase the cashiers check with some type of tracking number on it. You should ask this question to the person with whom you purchase the check in the beginning, then you will know a head of time what to watch out for.

Joined: 08 May 2008 Posts: 364 4810 Magic Points

Kyle,
You might also want to conside finding out if the ca accepts payment via western union quick collect. You can pay in cash and will have a reciept. Plus, you wont have to pay for cert mail. I think there is a dollar fee for the payment but, it is better than a five dollar postage fee plus cert funds fees.

Joined: 31 Jul 2006 Posts: 516 13571 Magic Points

Hi lostrikan
Yes, you are correct. GEMBPPBYCR is GE Money Bank PayPal Buyer Credit. You can contact them at the following address.
GE Money back
P.O. Box 981400, El Paso, TX 79998-1400
Since the name is listed in your credit report, you can send them a debt validation letter. On getting validation of your debt, you can send them a PFD agreement letter.

Joined: 07 Jul 2008 Posts: 25 1571 Magic Points

Thanks Anthony.
I have the letter drafted from a template provided by Laura in another thread. Thanks to Laura for that! I will sent it certified mail and see what happens then. Thanks again!

Joined: 03 Nov 2007 Posts: 3927 10 Magic Points

she did a good job on this.

Joined: 31 Dec 2007 Posts: 573 -53 Magic Points

yes she does, I would use this one.

Joined: 26 Feb 2008 Posts: 4285 127 Magic Points

I like seeing such good examples. It really helps out a person who is unfamiliar to this kind of thing.

bestbuycreditrepair · Guest 0 Magic Points

Paying off old debt, will restart the clock on the collection activity for that account. The law states the LAST ACTIVITY. which includes payments. You are doing an injustice to yourself by paying a old debt.Imagine another 7 years?? i Have them removed instead. Don't assume your credit score will increase, because you paid on your debt, it will not. These items on your credit report must be deleted, to have your score raised.

10 years ago I filed for bankruptcy. From then on, I have been doing credit repair on my own and my wifes credit files. It is a full time job just knowing how to handle each negative trade line on your report. There are legitimate credit repair services out there. I used Lexington law, who turned out to be the worst, monthly fee schemers. I did then get tired of the wording, "this item has been verified" letters. So............ I decided to read up on the Fair Credit Reporting Act.
I am now certified. I do credit repair as a part time Job. I have had very good results. It is all in the know how. Took me ten years to learn, but I learned. The draw back to repairing credit is the time involved. Following through on replies, how to handle a collection agencies verification, or validation letter sent back to you. Its like trying to sell real estate, You need to know what you are doing.

Joined: 26 Feb 2008 Posts: 4285 127 Magic Points

bbcr..ignoring you.

Joined: 03 Nov 2007 Posts: 3927 10 Magic Points

Now, now fireyone.

Joined: 26 Feb 2008 Posts: 4285 127 Magic Points

It is just so annoying that someone would try to take advantage of someone who is trying to reach out for help. We get enough of this through junk debt collectors.

Micki · Guest 0 Magic Points

Ok here is my situation. I was out of work due to illness for months. The credit card company sold my account to a collector. They are a law firm which is a little scary. While staying with my sister in Atlanta I found a job. I received a letter at my old address stating that I had 30 days to respond to confrm or dispute the debt. I was getting auto-voice messages on my cell and I returned a call because I didn't kow who they were. I confirmed who I was but did not give them the info they asked for. When I returned to Chicago it was 34 days after the date of the letter. Now what? I got a job in Atlanta and will be moving there. I am working and can pay it off if I can get it rreduced. The debt is valid altough charges have doubled! Most importantly I want to it get off my credit report. Can I still use this pay for delete letter approach?

Help please!
Micki

Joined: 08 May 2008 Posts: 364 4810 Magic Points

Yes,

You can always ask for debt validation. Once they send you the validation you can use the letter as an ice breaker to work out a settlement and a pay for delete. I outline the process in my website

Joined: 31 Dec 2007 Posts: 573 -53 Magic Points

You website is awesome CMB, thank you for putting the time into it, I found it very useful and easy to understand.

Joined: 26 Feb 2008 Posts: 4285 127 Magic Points

You know erb I have the same thoughts. It is amazing the good people who will take the time and effort to help another. Thats always leaves me with a good feeling. I hope Micki will go there and if he needs any more aide stop back.

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