I HAVE BEEN CLEANING UP MY CREDIT FOR A WHILE AND I HAVE PRETTY GOOD RESULTS BUT NOW I AM IN THE LAST STRETCH. I REALLY WANT TO BUY A HOUSE AND I HAVE THE $ TO PAY THEM BUT I WANT IT DELETED IN RETURN. HOW OFTEN DO THEY DO THIS AND WHAT IS THE BEST WAY TO GO ABOUT IT?
I recently was in a situation where I was going to get sued over a debt. I asked the same question but nobody here answered me, so I will tell you what I did. I wrote a personal check for the ammount of the debt. On the memo line I wrote - by cashing this check CA/OC agrees to remove any/all tradelines/inquiries from (my name's) 3 Credit Reports (a lot to squeeze in). I also wrote a letter outlining the terms: 1- Payment satisfies debt in full 2- Collection activity cease 3- Complete removal 4- No verify In the letter I put that the terms were non-negotiable and that cashing the check would bind the CA/OC to the agreement. I put that if the CA/OC did not agree to the terms, they could sue me and I would appear in court. I made a copy of the check stapled to the letter and mailed it CMRR. The check was cashed and the account remained for about a week, so I sent the CA a copy of the original letter with the check attatched, a copy of the check from my bank (front and back) that showed the noted agreement (and STAPLE HOLES) and a copy of my bank statement showing the check cleared. I sent this CMRR last week As of this morning the account has been deleted. I offered the CA the full ammount and probably could have settled for less, but I didn't want to chance an R9 or settled. The debt is gone. It cost me a little more, but I can forget about it forever. I was firm in my agreement and did bite my nails a little about them not accepting the offer, but from there perspective they got the full ammount for a simple delete. They didn't have to go to court which probably would have pissed off a judge becaseu I had sent payment and it would have been wasting the court's time. I hope this helps for you.
When I was a bill collector, the answer was always a solid "no". We did not delete, we did not even discuss it. Other people claim it has happened, but what I've also learned is the way people describe events isn't always the way they happen. So in the end, I'd say it doesn't hurt to ask, but don't get too stubborn if it doesn't go the way you want.
as a collector what do you say to people when they ask the question "how does it benefit me to pay when you are going to report it for 7 years from the payment, it will come off sooner it i dont pay?" hmmmm lets see how this works for me at all.
Well, you don't have to believe that it happened to me, but I did get the delete. I have learned that what 'bill collectors' don't really tell the truth that often.
