I have a charge off that is currently on my report and is scheduled to come off on 11/02. I sent a validation letter to the CC and they came back 2 months later with the signed app. from 95. I was quite surprised. I want, this item off sooner sine I am trying to buy a house. It's only for $68.00 but I wanted to know if there is a letter I can send them asking for the removal of the item if I pay the balance. I don't want to just pay them since I know it would restart the 7yr clock. Is there any example of any letter I can look up on the internet for this type of request. Thank you, B
Re: paying OC erik776 | 459 posts since Apr 2002 66.26.36.11 | 06.14.2002 @ 12:14 You could offer 80% $75.20 for deletion of the account. There should be a full address for this account on your Experian report. For this kind of money I would offer 80% or 100% and just get it over with. Here is a sample settlement letter: ------------------------------------------------------------ Date: Creditor Address City, State, Zip Re: Account Number Dear Sirs: This letter is an offer to amicably settle the above account. It is not to be construed as an acknowledgment of my liability for this debt in any form. I will pay your company the amount of $____ as full settlement of this account. If you accept this agreement, I will send you a money order or certified cashiers check for the settlement amount of $______ in exchange for a full deletion of all references regarding this account from my credit profile and full satisfaction of the debt. This agreement is binding and will be void should you not hold up to your end of the agreement. Furthermore the debt will be deleted from my credit profile at all three credit bureaus or the bureaus your company regularly reports to in the course of doing business. If you agree to the above, please acknowledge with your signature and return a copy to me. Upon receipt of this signed acknowledgment, I will promptly send you a money order or cashiers check in the amount stated above. Notice: This agreement is restricted. This is not a renewed promise to pay but rather a restricted settlement offer only. By not signing below, you agree that the debt has not been renewed nor has any concrete written agreements been exchanged. Creditorâ??s Authorized Signature: _____________________________ Date:____________ Name Title : Sincerely, Do not sign or date letter (This is necessary to avoid renewing the debt, should the creditor refuse to agree.) Be sure to not use a personal check if they agree to pay. ------------------------------------------------------------ Good luck "It's not that you are paranoid, you just know to much." May you live in interesting times. Erik.
