Pay for delete letter: Negotiate to remove negative listing

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

I have seen a lot more spam on here lately, what is up with it? Are the mods not catching it?

Joined: 26 Feb 2008 Posts: 4285 127 Magic Points

I know usually they are on topof this rather quickly. Can't figure out how this free advertising took off so quickly. There is so much of it.

Joined: 03 Nov 2007 Posts: 3927 10 Magic Points

I usually don't fall for it anyway.

Back to post, what or how much does one usually pay to a company to delete the negative off their report. Is it an extra sum of money or is it in the normal settlement amount? I am getting ready to settle one out here at the end of the month, I am too make contact by the 23rd and wanted to know this before I start talking to them.

thanks in advance, I will look for a reply.

Joined: 17 Jul 2006 Posts: 1240 28942 Magic Points

Hi goodnatured
Most of the collection agencies agree to settle for 80% of the total outstanding dues, but initially they may not be willing to agree for a pay of deletion agreement to get the negative listing out of your report. For this you need to negotiate with them, but that too before you pay off the dues. Because one you pay it off, they may not be interested in deleting the listing from your report and as you know that getting it in writing is always essential.

Joined: 26 Feb 2008 Posts: 4285 127 Magic Points

If this is Heritage they sounded like a decent place to deal with. Esp. with only charging for the exact debt and nothing more. It doesn't look like you are getting a clear answer here. If anything list it as a new post since more people are likely to take a stab at it.

ce · Guest 0 Magic Points

ever paid off a debt, so what does the letter from the collection agency say. I need a sample letter.

Darlene · Guest 0 Magic Points

Thank you I have been looking for a way to no pay credit solution people to do this and i beleive that this will help,
Thanks again.

Joined: 31 Jul 2006 Posts: 516 13571 Magic Points

Hi CE
If you have already paid off a debt to the collection agency, they will only report it to the credit bureaus who in turn will list it in your credit report as "paid". They will however not send you any letter telling that you have repaid the debt. For that, all you need to do is to pull out your credit report and check whether debt has been listed as "paid" in your report. However, before paying off the debt, if you can make the creditors agree to a pay for deletion agreement, the debt may not appear in your credit report after you pay it off. However, if there is no PFD agreement, the "paid" listing will be in your credit report for seven years.

Joined: 17 Jul 2006 Posts: 1240 28942 Magic Points

Hi Darlene
I don't think that there are any credit solution agencies that offer credit repair services for free. There are always some hidden charges associated with it, which they charge whenever you register. The best way is to repair your credit by yourself. There are discussions in this forum itself which will help you to repair your credit. To repair your credit by yourself, you should keep track of your credit report frequently at least every four months and dispute any listing with the credit bureaus whenever you find any listing is incorrect.

Joined: 26 Feb 2008 Posts: 4285 127 Magic Points

Somemtimes I wish someone would come up with a guideline sheet on the forum to show people where to start repairing their credit. I am also unsure of the steps but no how to do some of it.
I believe when people hear credit repair and do it yourself all in one paragraph it probaly seems pretty overwhelming. I don't think hiring someone to do it for you is the best thing. I am learning how to do it from here but think if it was outlined it would help better.

Joined: 03 Nov 2007 Posts: 3927 10 Magic Points

There is a do it yourself section on the debt forum, they have the step by step guide there, you should go check it out.

Joined: 26 Feb 2008 Posts: 4285 127 Magic Points

Oh I never knew there was one there. I am not real familair with the debt forum. I usually post here. I will check it out though.

Joined: 19 Sep 2008 Posts: 2 33 Magic Points

Thank you for all your help.This forum has really helped me in my credit situation.

Joined: 26 Feb 2008 Posts: 4285 127 Magic Points

You are welcome. Hope you will continue to hang around and post with us.

Joined: 15 Oct 2008 Posts: 16 323 Magic Points

Do any one has been sent this letters. I will like to now is the work>

please..... not gess answer..... true response ...Thankssss.

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