payment fo deletion

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6sigma

Joined: 30 May 2009
6sigma's page
Posts: 1

29 Magic Points

Subject: payment fo deletion

Sat May 30, 2009 10:13 pm

Are payment for deletion letters affective

rachael

Joined: 11 May 2009
rachael's page
Posts: 244

6581 Magic Points

Mon Jun 01, 2009 4:01 am

Hi 6sigma,

A Pay for Deletion Letter is a legal agreement with your creditor or collection agency. It states that the debt accounts will be removed from your credit report, after you make the payment.

You should always send a Pay for Deletion Letter to the creditors or CAs, before making a payment. This is a proof, you can use to challenge them, in case your report is not corrected and updated, after paying off the debts. Pay for Deletion Letters are effective in most cases.
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Looking forward to a debt-free life.

scott

Joined: 28 Jun 2006
scott's page
Posts: 462

10934 Magic Points

Subject: Pay for deletion

Mon Jun 01, 2009 6:01 am

Hi 6sigma,

I agree with rachael. Pay for Deletion Letters are effective most of the time. It is always best to get an agreement in writing, from your creditors or collection agencies. You will find a sample Pay for Deletion letter in the Letters of Credit section.
_________________
SCOTT

Use your credit account responsibly and enjoy a debt free life.

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