Hi, I have a legit medical bill that I owe fro $75 that was sent to a collection agency. It is not on any credit report. I am willing to pay it but what kind of settlement letter can I send to CA to make sure we are even and that they never report it to the Credit Bureaus. Not interested in validating since it isnt on any credit report as of yet Want to settle this ASAP and cover my ass at the same time. Any suggestions would be appreciated Dan
would they put it on your credit report if it is paid? I guess you can't put too much past a CA though.
want a letter that makes sure they do not put it on my report!! Also that we are paid as agreed and paid in full. dan
Just send a letter to the CA saying something to effect: 1) "I would like to settle an oustanding debt that CA claims is mine for account number XXXXX 2) I am willing to pay $XX for this alleged account, this payment will constitute payment in full for the above account 3) Upon receipt of this payment for this account, CA (name of collection agency) agrees to notify each of the credit bureau to which CA reports credit information that any adverse credit information regarding my accounts with you is no longer verifiable and should be deleted from my credit report". Then write: "If you agree to the foregoing terms and conditions, please sign the Agreement and return a copy to me. Upon receipt of this signed agreement, I will immediately forward you a cashierâ??s check in the amount stated above". Sign it and date it youself (I use a highlighter over any of my signatures with CA's in case they copy it) and leave a couple of lines for the CA to sign and date. KEEP EVERYTHING........money order or cashiers check stub, envelope they mailed the agreement back to you. Assuming they send, make sure and write on the money order or cashiers check "Payment for accountXXXX as per June XX, 2002 Agreement". Good Luck.......this has worked a few times for me.
