Pay to delete?
Date: Tue, 07/31/2012 - 12:30
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?
I would appreciate any help with this matter.
Pay for deletes just dont happen. People confuse them with "goo
Pay for deletes just dont happen. People confuse them with "goodwill" which is usually extended to a good customer by the original creditor.
Did you have this CA validate your debt prior to paying them hal
Did you have this CA validate your debt prior to paying them half the alleged balance due?
Not that I'm aware of. I mean I know it's mine. But I have never
Not that I'm aware of. I mean I know it's mine. But I have never requested anything from them other than an itemized receipt of payment. Does that help?
Are you saying it's not worth trying to get them to delete this?
Are you saying it's not worth trying to get them to delete this? I understand it doesn't just happen when you pay it in full or even settle. Is this something they can even do?
Not even worth asking. They have no reason to do you any favors
Not even worth asking. They have no reason to do you any favors.
I'm just saying, you're paying a collection agency, not the orig
I'm just saying, you're paying a collection agency, not the original creditor. You may know the original debt with the original creditor is yours but, how can you be sure this collection agency owns it now? How can you be sure the balance they're asking for is the correct balance?
You should never pay a collection agency without first obtaining debt validation.
Those are great points. I guess I have no idea what I'm doing. I
Those are great points. I guess I have no idea what I'm doing. I tried to get help from my credit union in figuring this out, but they gave me no direction at all. I'm at a loss I guess. Thank you for answering my questions. I really do appreciate it.
Does it affect them negatively in some way to do this for someon
Does it affect them negatively in some way to do this for someone? I mean if I still have $600 to pay them, would you think I could negotiate them to pay to delete for a payment in full?
The only time you have the slightest chance of having a CA do a
The only time you have the slightest chance of having a CA do a pay for delete is if you're going to pay in full.
They can only delete their entry on your report, however. The original creditor's charge off will still be there for 7 1/2 years from date of first default.