I sent a pay for delete to my creditors last week asking them to remove an account from my credit report for a settlement pay. I did not claim the debt.
However, I hadn't realized that I was looking at a year old copy of my credit report on the site that shows me my credit. After updating, I found that everyone that I sent a letter to was removed from my account.
I'm afraid now that they can re-open the account.
I don't mind paying them, as I did indeed use what was on my account (a credit card and three hospital bills). I also want to pay so that it doesn't get re-opened on my account by a new purchaser.
Does this make any sense? Should I pay if they return a letter?
Can they now re-open my past bad debt on my report?
Couldn't they sell the debt and it re-open on my account (or do I just have erroneous information)?
Thank you
staute of limitations
Hi,
As you have send the "Pay for delete letter", this will restart your Statute of Limitations on the account. Thus, you need to pay off the dues, otherwise you may get sued. If you want to pay, you can try to settle the outstanding debt amount with the creditor. With settlement, your amount will get lowered by at least 40-60%.
Send the letter through certified mail, and get the settlement and PFD agreement in writing, before starting to make the payments.
Hope this helps,
Regards,
Aaron