Hello all, I would like to ask anyone here if they can advise on how and what kind of letter to submitt to a Collection Agency for them to agree and commit to deleting a Negative post on Credit Report if I agree to pay the entire account in full. According to the Collection agent they said: it is up to the original creditor and they are not authorize or do not have the power to remove/delete the postings, only the original creditor can make/apply the post. So even if I pay the account of today, I will have to wait 7 yrs. for it fall off the report. IS THAT FAIR???!! I have seen somewhere on-line that there are letters/templates that can assist you with organizing and compling an agreement with them. I want this removed and I am more than willing to pay the account. It is for MCI. I also had a collection account with SPRINT and through blind hysteria of trying to clean up I just went ahead and paid them, now I have a stain that still remains as paid account. I am having second thoughts about hiring Lexington Law Firm to handle this for me. My score is very low : 572 equifax/transunion. I am about to just give up..... Any wisdom/advice you can spare is greatly appreciated. Thank you again.
it's a "settlement" letter. there are a few examples at the following link, which is part of the FAQ of this board. if you also do a search for "settlement letter" there are quite a few on here. good luck! http://a1248.svwh.net/BoardFAQ.htm#SettlementLetter
I recently sent a settlement letter. Here's what I wrote: <standard business heading> RE: Account # xxxxxxxxxxx Dear Collection Manager: Upon recent review of my _____ credit report, it has come to my attention that you claim I owe a debt to your agency. As of todayâ??s date, this debt has not been verified as legitimate to me through my mini Miranda right. However, since the amount that you claim I owe is such a small amount, I would like to save us both some time & effort by settling the debt with your agency. Please do not construe this settlement offer as an acknowledgment of my liability for this debt, and I retain the right, if I choose, to seek proof that this debt belongs to me. My goal is to seek a settlement arrangement that is acceptable to both of us since this debt is unverified and questionable. I realize that it is your job to collect unpaid debts, but an â??unpaid collectionâ? vs. a â??paid collectionâ? means little to me as both are unfavorable listings on my credit report. Paying this unverified debt would be of no advantage to me, if the listing remains on my credit report. With that said, I am aware that you have the right to report this debt to the credit reporting agencies, or not to report it all. Please do not waste my time by telling me that you are unable to remove this unfavorable listing, or I will be forced to withdraw my settlement offer and request full verification of this debt. ------------------------------------------------- (attached page) I will pay your agency $xx, as payment in full, for the satisfaction of this debt that you allege I owe in exchange for a full deletion of all references regarding this account from my credit profile with all of the national credit reporting agencies. If you agree with these terms, please acknowledge with your signature and return it to me. Upon receipt of this signed agreement, I will immediately mail you a money order for the amount stated above via priority mail. No payment will be made without written confirmation. You agree that the terms herein are confidential and that you have the authority to make such a decision. If no terms can be met, no new arrangements will be made and this offer will be null and void. Name of Agency: Printed name of company officer: Signature of company officer:
So even if I pay the account of today, I will have to wait 7 yrs for it fall off the report. IS THAT FAIR???!! fireclan ============== This is why it's no deleation no pay. THE END ** *** ** LB 59 """""""""```~~~```'"""""""""
