I am trying to negotiate to remove a judgment. I have in writing that the company agrees to remove their trade line. Is this the same thing as a pay for delete? If not, should I hold out for the pay for delete?
It sounds like the same thing to me. If you agreed to pay, and they agreed to remove the trade line from your credit reports, then that's a PFD. The thing that concerns me here is you're referencing a judgment, and judgments need to be either dismissed or vacated in order to remove them from your credit reports. Judgments become public record when the court awards them, so the collection agency just can't delete a judgment that is already on record.
sounds to me like the same thing .. IMO - the tradeline is the history you have with them, and if they're agreeing to remove it - and I would think they would be deleting all the bad & good off of there .. but I could be wrong.
The letter states that the company will notify the courthouse that the "judgment has been settled and the judgment is to be cancelled".
That doesn't sound like they're going to remove it ...hmm..did you pay them? What grounds do you have for them to remove it?
I haven't yet. I want the terms laid out before I pay. As far as grounds for them to remove it I am not sure exactly what you are asking. I am offering to pay them, but they have to remove it from my credit.
Okay, that makes sense. The only thing that would make me leary would be the word cancelled, I personally would probably feel more comfortable having it say "deleted from credit report" rather than it just saying cancelled. That's just me though.
