Pay for delete letter: Negotiate to remove negative listing

Hello, should the pay for deletion letter be notarized?

I started to pay a debt that i had on my credit report now would this deletion letter work for me i owe $1990 on it still would it be feasible to request for them to take it off

Being sued for 2100 debt called and they were extremely rude and I offered to pay 50 % they want 70% of with all the interest and extra fees added. I ok'd asked for it in writing.. gave fax number then they asked for my bank info so I stated I will provide once I receive the letter. Could they be trying to dupe me and not really send a letter? I wont pay if they dont send but does this really happen and what's their motivation they just want a judgement against me?

I have paid off a few things things however now it just says "paid." In my opinion, it looks better to just not have it on my credit report at all, correct? I'm going to send the template letter by re-wording it in a way pretty much says "I've paid you, now take it off!"

I'm currently looking for a car and my credit is bad enough, I don't what every dealership running my credit. Sometime told me that if you have a certain amount of credit inquiries per month, it will make your report look bad, and since I already have bad credit, I don't want to do that.

Also, this is a question for people who are always applying for a credit card.

Hello, thanks for all of the information provided on this page. I have a question regarding an a auto that has been repossessed. Fist a little information. The loan was in good standing for about a year, I lost my job and could not afford the payments or insurance. My insurance coverage lapsed. They force placed insurance that caused my loan amount to increase by about $5,000. I was notified of the force placed insurance or of the increase in the balance. After gaining emploument I contacted the bank to and they arranged for me to keep the car by making larger monthly payments for 3 months and the remaining past due amount of about $1600 would be recapitalized. After making the payments I was notified of my new payment amount and the balance of the loan. To my surprise the balance was much higher then the additional $1600 because of the additional amount added for insurance. At this point I had a car that was about $8,000 upside down and a payment that was no where near what I could afford. The car was eventually repossessed and sold at auction for an amount at least $5000 less then fair market price and now I am left with a bill of about $12,000.

During the process I was harassed by the agency hired by the bank to locate the asset. Nasty calls, threats and bribes were offered to friends and family. The agency provided information regarding my account including how many payments I was behind and the amount of debt that was owed. The agency had my contact information and I had spoken to them several times through out the process and they continued to contact people for information. I have many of the calls recorded and have saved most of the messages from the agency.

I have done some online research and the bank and the agency do not have a good track record when it comes to repossession. I know that I was wrong and what I did not take the best course of action. I feel like my privacy and rights have been violated and my name has been drug through the mud by these people. I simply got in over my head and ended up in bad situation for everyone involved.

The charge off and now repossession is the only bad credit I have. I have very little debt but do not make a lot of money. I would liek to avoid filing bankruptcy but paying off the $12,000 debt will take a very long time.

Do I have any other options?

Two other things I forgot to mention, the interest rate was increased after I signed the paper work for the automobile and when I purchased the car they said it was a 2005 but according to my insurance company it is 2004 based on the VIN.

Thank you for any information and your time.

I do understand the purpose of the letter. My concern is company opting to NOT accepting the terms. What then? Overall, I want to settle the debt and move on with my life. Should the company NOT accept the terms am I to NOT pay? I’m a bit lost.

this debt was generated by neglect from an unknown tennant whom is imposible to locate very much a dirty deed against me the ca does not want to aknowledge and is has been very rude when any contact was made this debt is from 2005 and their saying its from 2008 i will recognize my debt what % is the norm when negotiating with collection comp.of america

Hi! I see there are a lot of smart people.
Help me please solve a problem.
I will try to shorten the text so as not to waste your time.
One day I happened to visit an emergency (it was a stupid idea in terms of benefits and money)
After that I long did not get the bill (was error in the address). After a while I rang them and they told me that passed in collection. I found the phone rang them.
Collection agency offered to pay me just $ 300 out of 400 and save 100.
So I did. I reported them my card and money withdrawn from the card. Some time later I received a message on the phone that from a collection agency that I had 91 dollar debt.
And this has been another CA. I did not pay. Just kicked out of my head.
Recently checked my credit report and saw THIS! Those same 91 dollar.
Is it legal to all of this? Why 2 CA? Is it worth doing "Pay for delete letter?"
Please answer, i don't really know what to do.

What can you do if the CA does not remove the bad debt from your credit report after agreeing to do so. Can you send the agreement with copies of the payment into the CRA's for deletion ?

Thank you.

As a suggestion, I send a check with the letter (often times for a lesser amount that what is owed), and word it such that by cashing the check they are agreeing to the terms of the letter. That way I negotiate the payment with the removal without the awkward phone calls.

I am writing letter of deletion to the collection but I do not have the address. How can I get them?

I just got denied for some credit, checked my score and was pretty shocked to see it so low. It turns out an old Wachovia account was on there for about $2,500, in charge-off status.

I called Wachovia and asked for a Pay-For-Delete and they told me they won't do that since it's not a Bank mistake (the debit is valid, just mishandled by myself). They say the Account will be sold of the first weeek in Jan, and I should pay or settle before then.

I can pay this debt, and intend to ...

Should I send the Pay-for-Delete via mail even though they told me on the phone that they will not delete my information?

If not, can I expect a better credit score after paying in full without the Pay-for-Delete agreement.

I'm worried 'cause I'm moving across the coast in Dec. for a new job and concerened about getting through a credit check from the apartments out there.

Thanks

Hello,
I currently have 5 credit cards, all past due and all closed. I was in a debt management program, but was dropped about 3 mos ago for missing 2 payments when I was laid off from work. I was recently looking for a new program I can join when they told me that my only option was bankrupcy, because of the severity of my situation. I then looked at my credit report and noticed an extra 6,000$ dollar debt I was not aware of. It turns out that 2 of my credit cards (both with the same company) are reporting, as well as the collection agency that they sold my debt to. The origonal creditor is not reporting a 0$ balance, but the full balance. Obviously, it is a mistake, as it now appears that I owe twice that debt, plus have twice the amount of late payments, half from the original creditor, and half from the collection agency.
What is my best course of action? I will obviously file a dispute. But because this has drug my credit score so low and has even prevented me from being able to join a debt management program, is there anything else I can do? Should I dispute the origonal creditor as well as the collection agency?
Thanks!

I hope the knowledgeable people on this forum can guide me about this urgent matter.

I have a job offer that I can't afford to lose. The employer will be doing a credit report. I have 8 items on my report that I need to get in shape VERY quickly.

A State Tax Lien that was in error and state should have removed after they had correct information. What steps can I take to have it removed?

Five medical bills (some have already been paid to the original creditor but still show up under the CA name as outstanding). How can I speed up the corrective actions?

A Bestbuy charge on a no-interest purchase that I dispute because I paid them in full on time.

Help please!!! I really need this job.

If the letters dont work how can I get the negatives removed?

If I send in a letter asking a Collection Agency to remove a negative item off of my Credit Report do they have to remove it? I know that I owe the debt and am trying to get a loan so that i can pay it off but i cannot get the loan because of the negative items on my credit. If not what else can i do?

We have already paid off judgements for apartment rent. Is there any thing that can be done now to get the negative information removed from our credit?

I just found out a couple od ays ago that I have had a judgement on my name since March of this year (2010). I tried writing a letter to the parties responsible (the New York State Attorney General's Office), but to no avail. My requests fell on deaf ears and feel like I was wrongfully punished for what transpired. All that I want is for my name to be cleared from this whole mess of a situation, and am looking for any and all advice as to how to properly handle this. Is a deletion letter still possible and effective at this point in time? Thank you very much for your time and am eagerly awaiting for response.

Hey guys and gals, the whole point of the credit reporting bureaus is to notify potential lenders of your credit worthiness. If you have legitimate debts on your credit profile, it's unethical for a CA to remove them simply because you pay the debt.

If your negative entries are removed, the lenders then have an inaccurate view of your credit history. Basically, you'll go from "deadbeat" status to appear as though you're a financially responsible consumer.

It's not fair to the business that is taking a risk to loan you money.

I recently had an MRI done and after the hospital submitted the bill to my insurance company, the sent me a statement for the balance that I owed. The statement amount due was $ 865.00 and the statement date was 10/6/2010. We mailed in a $100 check that they cashed on 10/25/2010. The hospital then turned the account over to a collection agent on 11/14/2010. My question is, is this legal? Are they not accepting my payment terms by cashing the check? I live in Oklahoma. Thanks so much!!!

Hi. I have a quick question. I want to send a PFD for an old Tmobile account. The account was first reported on my credit report in Nov of 2009. I am trying to clean my credit and the Tmobile account along with one other account is the only negative mark on my credit report. The problem is the CA recently sold my account to a new agency. The old CA (Enhanced Recovery Co) still appears on my credit and the new company (Plaza Associates) who just recently purchased my account still does not show on my report.

Do I wait for Plaza Associates to report my debt and then send the PFD? and how do I remove the Enhanced Recovery Co from my report since they no longer own my account?

Thanks!

Kneed help in writing a " do you delete" letter and how that work may you email me

I would send another letter AND A CHECK for the monies owed HOWEVER !!!!!

I would do the letter I mentioned above . Send a check with the restrictive endorsement on back again having it state
"Depositing of the funds constitutes acceptance of the enclosed settlement agreement and full satisfaction of the debt described."

$327 might not seem like alot but I would be willing to bet if they receive the check with the letter and terms they might be persuaded to cash it and agree to the terms .

PLEASE MAKE SURE !!! You add the date of the letter as I forgot .
ALSO After you print your version out with YOUR signature Make a copy of it and the check front and back and put in a safe place .

If they cash it they MUST conform to the agreement .

Hope this works for you ...
It has worked for me 4 times .
Gl and Happy New Year ....... Lawrence .

Hi Carol, I need to send the credit bureau a letter to remove or show that a judgement has been satified. Do you have a letter for this request. Thank you for answering in advance.

Carol,

I have a $ 27.00 debt i just saw in my report. I called the collection agency to agreen on a PFD and they told me that if I pay at once over the phone that they would only send me a letter stating that it was settled and satisfy and paid in full.

I would think being $27 US dollars they would do it with no problem.

What do I do? Go ahead and pay it or send them a PFD anyways

If I pay it would show the debt taking care of and if I postponed my credit score will be stagned or get lower if it does not show payment of the debt.

Please help

What can you do if the creditor agrees to this and after you pay still does not remove the item from your report. What recourse do you have, if any

Dearest Carol, I have approx. $10,000.00 total on 5 credit cards that are charge offs. I would really like to try to start to pay on these accts. to try to rebuild my credit. But I have no idea how to get started in doing so? And when sending a letter do I send to orginal company or to the collection agency I'm not sure if they all have a collection agency letter I need to go through everything but I just need some help getting started. Any advice would be great...

Hi Carol,

I have been negotiating with the credit agency to settle an old chargeoff and we finally came to a number that makes sense to both of us. Is there any way I can request them to make the deletion of this chargeoff from my report even after we have negotiated a price for me to pay. Currently they say it will show paid however it would be nice if I could just get the entire issue removed? Any thoughts? thank you!

I did not send a DV as I am in a rush to get this debt paid and willing to pay it off. I want to refinance my home and this is the only thing on my credit that's holding me back. I sent the payment for deletion letter via certified mail already and received confirmation that it was received. However, no response from the CA has been received. What can I do next?

Hi Carol,
Thanks for all the great information. I have a question for you. I have already paid off the debt but it is showing on my credit report as "potentially negative closed". Would a Pay for delete letter still work?