pay to delete letter question
Date: Wed, 05/21/2008 - 09:37
hi! i'm about to get some money and i would like to settle some of my debts and i heard that with a pay to delete letter to collections agencies they would removed the negative and unfavorable info in your credit report.is that truth? i mean,do you have to pay the whole amount owe or it can be done settling just part of the amount owe? thank,many thanks for any info!
It depends on the company you're dealing with. If you make a set
It depends on the company you're dealing with. If you make a settlement offer and they accept, you might try sending them a letter of "Agreement To Compromise Debt",
and add an addition such as, upon accepting of the $xxxx, the CREDITOR will notify all Credit Reporting Agencies that account is PAID AS AGREED, and delete any entries showing this account as ever being late. Have them sign it and send it back to you before you pay it off.
:)
