I have a question and I'm sure the answer is quite simple but I just want to be sure I am doing this properly.
Tiny bit of back story: I have a collection agency bill on my credit report of $1,200. Recently I paid $600 of that to try to shore this thing up and then pay the rest within a month or so.
I have a remainder of $600 to pay. I am willing to pay that in full. I don't think that when I do that it will be "deleted" off of my credit report. I read that you can do a "pay to delete" form and mail that in. My problem is I've already "accepted responsibility" for this debt and paid on it. Will it do me any good to send in this form? Is there anything else I need to know before I go shooting myself in the foot again? Do I have to contact the original company that I owed before collections?
By signing up for counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the pay off amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.