I believe you are referring to a pay for delete. That is when you owe a creditor money and you both agree on an amount that you will pay on the debt and the creditor will delete the negative listing from your report. But not all creditors will agree to this.
A pay for delte letter is made to the original creditor or debt collector to remove an outstanding debt from your credit report.
Remember to always ask for debt validation before requesting a pay for delete. The pfd should be sent before even starting negotations with the collector for a repayment plan. If they agree to the pfd you can make re payment arrangements and when it is paid it will be removed from your report.
generally it happens when you have been disputing something directly with the furnisher (not the CRA).
They are documenting the resolution of your dispute. This is important because it takes a while for CRAs to update sometimes so usually you will send a copy of the letter to all four when you get it.
I believe you are referring to a pay for delete. That is when you owe a creditor money and you both agree on an amount that you will pay on the debt and the creditor will delete the negative listing from your report. But not all creditors will agree to this.
A pay for delte letter is made to the original creditor or debt collector to remove an outstanding debt from your credit report.
Remember to always ask for debt validation before requesting a pay for delete. The pfd should be sent before even starting negotations with the collector for a repayment plan. If they agree to the pfd you can make re payment arrangements and when it is paid it will be removed from your report.
nope!
Ok a letter of deletion is a letter from a creditor that states that their tradeline will be deleted.
more info
generally it happens when you have been disputing something directly with the furnisher (not the CRA).
They are documenting the resolution of your dispute. This is important because it takes a while for CRAs to update sometimes so usually you will send a copy of the letter to all four when you get it.