Items remained on CR

Discussion in 'Credit Talk' started by hotgirl78, Dec 28, 2006.

  1. hotgirl78

    hotgirl78 Member

    Since I have disputed what I could off of my credit reports, should I start paying some of the debt that remained because it isn't going to come off until 2011?
     
  2. 02flstang

    02flstang Well-Known Member

    my guess would be try doing a pay for delete with the ones left and see what you can work out.
     
  3. rbrussell

    rbrussell Well-Known Member

    Does anyone have a Pay by Delete letter? I need to send one to several creditors, but would like to see the wording others use.

    Also, I have a collections company who now owns 3 of my accounts. Do you think they would be willing to combine them and negotiate a smaller payoff, plus delete the records? Or is it best to address the three accounts separately?
     
  4. jtc79

    jtc79 Well-Known Member

    Response

    Send the ca a letter stating that you will only pay for a deletion, make them a deal for all accounts, maby half. Let them know that if they refuse to delete the negative they will recieve nothing, and to cease all communications with you under FDCPA. Let them know that a "Paid In Full Collection Account," will NOT be acceptable. Give them 30 days to respond to your letter, if they fail, file a complaint with the BBB and include their refusel in your complaint to resolve the issue. Since April 2005 I have had 10 negatives, including charge-off's, and collection's deleted simply by doing this. Also file a complaint with the state Attorney General if needed to.

    Fico 04-2005-551
    Fico 12-2006-733
     
  5. apexcrsrv

    apexcrsrv Well-Known Member

    Well, that argument may be a slight bit misplaced. Insofar if one requests a pay for delete, the entity refuses, one responds to the same with a "complete" cease and desist, it may be the case that the entity institutes a civil action against said one consumer inasmuch as they've left them (the credtor or collection entity) no other recourse. There is authority which prescribes that suit is proper communication even after a absolute cease and desist.

    I'd be rather wary of adhereing to the above poster's advice unless the subject account was time barred, the entity wasn't on my reports as of the date of the aforesaid communication, or I could prove up some off-setting counters againt the potential Plaintiff.

    Moreover, I fail to see as to how a BBB or AG complaint can be of any benefit to a consumer if the only premise for deletion is that the furnisher fails to delete an undisputed tradeline in lieu of payment for such underlying debt? Seems that an agreement aforesaid to pay would only admit the validity of the tradeline.

    I may be remiss . . .
     
  6. jtc79

    jtc79 Well-Known Member

    Let me remind you sir that 9 of of 10 times the creditor does NOT take any legal action against the debtor, time barred or not. It is not worth the time to take one to small claims court for those small debt's under $1,000, so those $50.00-$100.00 debts for cable bills, medical bills, and water bills are not that important. In any instance, the BBB, and the AG are very helpful. As stated before both these agencies have helped me remove multiple charge-off's, and collections alone. Believe it or not many of these collection agencies are members of the BBB, and likewise have to reply to the agency and atempt to remedy the situation by any means to make the customer happy, usually pfd. Apexcrsrv, You seem to be a "Credit Repair Clinic", are you? I have seen many of you come and go on this board, usually soliciting services. There is nothing you can do legally that one cannot do without you fees. I also notice your link to your web address always listed at the end of your advice, i guess it's a good way to get the "Junior Members" on this board some quick help to your advice and fees.
     

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