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Need help

New Member

Need help

I have had some major problems with my credit in the past.  I have a copy of my credit report and plan to clean it up.  I have sent letters to some of the collection agency offering full payoff for immediate deletion from my credit bureau.  My question is if the companies accept my offer, would both the original account and the collection account be removed.
 
Thanks
4 REPLIES
Regular Contributor

Re: Need help

No.  If you PFD the collections, they will come off, but the OC can still report as charged off [paid]. 
Moderator Emeritus

Re: Need help

Depends who actually owns the debt.
If the OC owns the debt- then work with the OC to get both deleted.
 
Little more tricky to pull this off if the CA owns the debt.

dwash wrote:
I have had some major problems with my credit in the past.  I have a copy of my credit report and plan to clean it up.  I have sent letters to some of the collection agency offering full payoff for immediate deletion from my credit bureau.  My question is if the companies accept my offer, would both the original account and the collection account be removed.
 
Thanks



New Member

Re: Need help

I am also dealing with a local collection agency that has told me that they do not purchase the original accounts that they are only collecting for them.  Is this common and if so would I be able to go to the original account and negotiate with them?
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Moderator Emeritus

Re: Need help

Sometimes dealing with the OC to have it removed works better.
I did this with a cable bill.  Search for COX to find my letter to them.

dwash wrote:
I am also dealing with a local collection agency that has told me that they do not purchase the original accounts that they are only collecting for them.  Is this common and if so would I be able to go to the original account and negotiate with them?