I have a paid in full school fee collection on my credit report. I contacted the collection company to see if they could send a goodwill letter to the bureaus to have it removed from my report. They said the school would have to have it removed. I contacted the school and they are willing to send me a letter. Where do I go or backtrack from here? Any help would be greatly appreciated.
If the school has agreed to remove the item from your credit report, then you should first get the agreement in writing. You can send them a certified mail requesting a return receipt, asking them to remove the item from your report.
After getting their answer letter, wait for some days before checking your credit report. If they fail to remove the item from your report, dispute the item directly with the credit bureaus. Attach a copy of your letter, and the removal agreement letter by the company with the letter to the bureau.
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.