Quick Question

My view..the credit card company is charging a small amount for not reporting anything negative in your file. Take it this way... You were in default on this account and they will still post it in a positive way if you pay a price. You were in a consolidation plan with them but you were also in default. You know that if you go for this, you will need to have a written statement.

I don't feel I should have to have a paid settlement when it was in consolidation and the credit report already reads currently in credit counseling paid as agreed. Why should I pay them $37.00 to have it removed off the report? From the way I understand, they are going to completely remove the account from the report.

That's really good news Tammy. It does sound strange, I guess I would ask them to put that in writing and me being me if it was legit, I probably would pay the $37.(if it was legit, and they could provide documentation before and afterwards)

Thanks, I will request an email from them before I pay the $37.00 and the deletion from report. If they refuse to put it in writing, then I will know they were up to no good. By the way, it was Capitol One.

I will also be curious, Tammy. But see, it's a small price to pay if it's about displaying good credit history for the next few years. Imagine, your scores will go up when their is no negative info.

Be prepared for this. Don't express your feelings to the credit company. Stand strong with all your valid points in front of the company on why you should pay them this amount. If you see, it's not reaching anywhere; you may have to pay the charges. But you must get everything documented.

Wow, I have never heard of such a thing. It does seem like a small price to pay to have a negative mark removed from your credit report. I just didn't think something like that was possible but I don't work for a cc company. Maybe you can contact one of the credit bureaus to see if this is actually legit? I mean this type of action. If anything, you know to get it in writing.