I have Certain collection agencies that flat out refuse to delete debt and I am willing to pay them in full. Can someone please tell me why? And do they care if they collect? The negative credit will fall of next year...Is that Like logical?
You can contact with the CA’s and negotiate with them. You can ask them you are willing to pay the debts in full. You may also make a written request to them to update your account status as “Paid-in-full” after repaying the full debts. You may also request them to remove these items from your credit report. But it depends on their discretion whether or not to accept your request.
Your personal details (name, email address and phone number) will be delivered to the company advertised on the Creditmagic after ve agreed to go for the counseling session by filling out the no-obligation form. However, it is your discretion to accept or reject their services.
Not all the creditors/debt collectors agree to trim down the outstanding balances, interests, and fees payable by the consumer.
Consumers working with the debt relief companies can still be sued by the creditors/collection agencies.
Debt relief services may have a diminishing effect on the creditworthiness of the consumer. The total outstanding balance may increase as the additional fees get accrued.
The overall amount saved by the consumer through the debt relief services is considered as taxable income by the IRS.