I am new to this forum but I do have some of the same concerns as a lot of the readers here. Crap 1 collection agency threatened to send me to court on an outstanding Visa Bill. I settled out of court with a down payment of $500.00 and $100.00 monthly until balance is paid off. My question is my balance should be fairly low can I now offer a settlement amount to close this deliquent bill?
Very good idea, if you have the lump sum, just call and ask if they will accept payment for deletion. If they don't you can still finish paying them off then dispute the paid account with the credit reporting agency and try to get it deleted. Sometimes if paid, the collection agency will ignore the dispute and allow it to get deleted.
