My fiance owes $3,000 from 2006. The amount was recently turned over to a collections agency about 3 months ago, so (to my understanding) we are pass the 30 day limit to request verification of the loan. A) Should we still send a request for verification letter? B) I've read that we should try to send a "pay for delete" letter to get the account removed from his credit. Should we try to negotiate for a lower settlement amount, or would it be useless? What is a good percent of the original loan to start at and work our way up to? Thanks for your help! And sorry if this is worded incorrectly, this is all new to me.
But has the collection agency notified you, or did you find out from your report. It's not 30 days from when it's turned over, it's 30 days from the first notification to you.
Well, therein lies the confusion. He found out from his credit report and got a few phone calls from who he thought was the CA in Dec/January-- he always missed them because he was at work, and they never left a message with who they were. He didn't call back because he was waiting for a letter with all the information (since he'd rather do it by letter than by phone). He never received a letter from them. Which I assumed was because he had joined the military earlier that year, so his address was different. (? Or is that stupid to assume?) So last night I told him to go look on his credit report again and get any information he could so we could pursue our pay to delete letter... and it's gone from his report. Just up and vanished into thin air, and his score has increased a little bit, too. How/why would it just up and vanish? Could it be because it's a school debt, so it originally might've been in his parents name who have since divorced and both declared bankruptcy. Could it have been absorbed by that? We need to take care of it before we get married, and while it's nice that it has seemed to have disappeared I'm doubtful...
