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diem

Joined: 20 Feb 2008
Posts: 94 152 Magic Points
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Posted: Wed Feb 20, 2008 7:27 pm Post subject: |
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And another:
| Quote: | Collection Agency
666 Evil Street
Hades, Hell 00000
Re: Collection Account for Original Creditor
Account #: 00000xxxx
Amount: $25.00
To Whom It May Concern:
This letter is to inform you that the validity of this debt is disputed. I am not sure of the account number, as I have never heard from you regarding this account. The account number I have is the one listed on my Experian credit report – which omits the last few digits.
In the spirit of compromise, I am willing to pay this account IN FULL (or settlement percentage) if you agree to immediate deletion of this account from any and all credit reporting agencies (Equifax, Experian and TransUnion). The purpose of this settlement is merely to have this item removed from my credit files. It is not to be construed as an acknowledgment of liability for this debt in any form.
If you agree to the terms and accept this agreement, certified funds for the settlement amount of twenty-five dollars ($25.00) will be sent to Collection Agency in exchange for full deletion of ALL references regarding this account from my credit files and full satisfaction of the debt. As certified funds will be used for payment, there shall be no waiting period regarding the deletion of this account from the credit reporting agencies.
Collection Agency agrees to delete ALL information regarding this account from the credit reporting agencies WITHIN TEN CALENDAR (10) DAYS following receipt of payment as specified above and will not discuss the terms of this settlement with anyone, excluding your client on this account. If contacted by any third party, including credit-reporting agencies, Collection Agency will not acknowledge that any settlement offer was made, accepted or executed and will, in fact, deny knowledge of any such account.
If you agree to the above terms, please prepare a letter on your company letterhead explicity agreeing to the same terms as the above settlement offer and have it signed by an authorized representative of Collection Agency. It will be implied that this letter shall constitute a legally binding contract, enforceable under the laws of my state.
Your response must be postmarked no later than 15 days from your receipt of this settlement offer or this offer will be withdrawn and I will request full validation of this alleged debt, as provided for by the Fair Debt Collection Practices Act.
Please address all correspondence regarding this account to:
Mr. INeedCreditHelp
123 Any Street
City, State ZipCode |
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crackerjack

Joined: 03 Dec 2007
Posts: 171 6 Magic Points
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Posted: Sat Mar 08, 2008 8:58 am Post subject: |
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| These both are some really good examples of pay for deletion letters, I think it is great that you guys come on here and share this knowledge. Whenever you need to go for pay for deletion agreement you can use the letter of deletion. |
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goodnatured

Joined: 03 Nov 2007
Posts: 3735 10 Magic Points
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Posted: Sun Mar 09, 2008 12:23 pm Post subject: pay for delete agreement |
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I totally agree, we need more samples of letters on pay for delete agreement and someone who is willing to assist the person having the problem either through the forum or through pm if the person does not want to put all their private information out there for everyone to see. I think that people on this site would do just about any thing to help another out. _________________ Goodnatured,
http://cashinpocket.synthasite.com/
for all the ways I make $$ online |
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charlesarmbruster

Joined: 14 Mar 2008
Posts: 27 1355 Magic Points
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Posted: Fri Mar 14, 2008 6:27 am Post subject: |
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Well, I don't know if I can spend alot of time answering individual questions, but I will sure try -- we all need good, solid economic help. I counsel clients with credit and liability management for a living. And, I'm sure I can learn alot by counseling on this site.
Bring it on! I'm not the smartest man in the world, but I have resources! Of course, anyone is welcome to PM me, too. |
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anthony

Joined: 31 Jul 2006
Posts: 550 13573 Magic Points
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Posted: Sat Mar 15, 2008 10:37 am Post subject: |
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| Thanks a lot for your open help Charles. |
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goodnatured

Joined: 03 Nov 2007
Posts: 3735 10 Magic Points
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Posted: Sat Mar 15, 2008 11:08 am Post subject: |
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Great offer charles, thank you for extending your time to the community like this, hopefully those in need wil take you up on the offer, sometimes people need the individual help one on one. _________________ Goodnatured,
http://cashinpocket.synthasite.com/
for all the ways I make $$ online |
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jmacus

Joined: 17 Mar 2008
Posts: 5 179 Magic Points
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Posted: Mon Mar 17, 2008 1:26 am Post subject: |
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| good examples but would this strategy work if they have evidence that it's your debt? |
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Laura

Joined: 21 Jun 2007
Posts: 1402 34547 Magic Points
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Posted: Mon Mar 17, 2008 8:59 am Post subject: |
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Yes it does work. A pay-for-delete helps in negotiating with the CA for a lower amount and if they agree, they settle for the amount negotiated and remove the negatives from the report. So you are actually paying for the removal and also the debt when you negotiate for the pay-for-delete. _________________ Regards,
Laura. |
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carol

Joined: 27 Jun 2006
Posts: 1308 28489 Magic Points
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Posted: Mon Mar 17, 2008 9:16 am Post subject: |
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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. _________________ Keep in touch
Carol |
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Mikey
Guest

0 Magic Points
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Posted: Thu Mar 20, 2008 1:09 am Post subject: WHat is certified funds? |
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| What exactly does certified funds mean? |
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Morningstar

Joined: 17 Apr 2007
Posts: 601 11 Magic Points
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Posted: Thu Mar 20, 2008 5:35 am Post subject: |
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A cashier's check or a money order, for example, but not a personal or business check. _________________ I don't dream since I quit sleeping |
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goodnatured

Joined: 03 Nov 2007
Posts: 3735 10 Magic Points
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Posted: Sat Mar 22, 2008 9:24 pm Post subject: |
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Would be something that you have actually exchanged the cash for an that you can not recind, like a money order or certified check. _________________ Goodnatured,
http://cashinpocket.synthasite.com/
for all the ways I make $$ online |
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Morningstar

Joined: 17 Apr 2007
Posts: 601 11 Magic Points
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Posted: Sun Mar 23, 2008 7:48 am Post subject: |
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It is possible to rescind money orders or cashier's checks, it is simply not common to do so. _________________ I don't dream since I quit sleeping |
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firebird
Guest

0 Magic Points
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Posted: Mon Mar 24, 2008 2:39 am Post subject: how2 pay debt coll. and dispute the negative judgement? |
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What if you have a debt that shows up on your credit report, that looks like other fraud credit inquiries that's been happenning to your credit, BUT after an investigation, you find that while the other credit inquiries are indeed fraud, the debt that has been marked a negitive judgement on your report IS actually your own debt?
The error that had happenned was that the bill was never sent to the correct address, but to the previous address you had lived at, 2 months after you had moved!
Had the bill been sent to your proper address, or had there been any attempt to contact you via phone, you would have paid it, as your track record show that you always pay on time, never late.
How would it be possible for you to pay back the amount of debt but at the same time have them remove the negative judgement from your report, because it is an error on their part that you had never received the bill?
Any advice at all would be great!
Thank you! |
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