Collections question and getting it to be deleted
You're stuck and that too
You're stuck and that too badly. The account has been assigned to collection agency and now it's up to them as to how they want to report your debt on your credit report. The account listing may be removed from your credit report. Then again, the account may be reported as 'paid in full' after you have paid it off. The debt won't be completely taken off from your credit report. Only the account status will be updated.
At first, ask to validate the
At first, ask to validate the debt. Once they validate, request for the settlement. Try to pay the lump sum to settle your debts. After that, you can negotiate to update the account as "paid in full" instead of "paid as settle". Request them to do so.
Submitted by Sanders Patricia on Fri, 04/12/2019 - 04:03
It is now up to the
It is now up to the collection agency. The account may be stated as 'paid in full' after you have paid it off. But the debt will remain in your credit report, just the account status will be updated.