01-30-2013 12:03 PM
Has anyone actually received a letter from a CA or OC agreeing to PFD. I see a lot of people saying don't ever pay unless it's in writing, but in my experience I have never had a company put it in writing - it's always something I just have to trust that they will do based on a verbal agreement.
01-30-2013 12:09 PM
I've had Verizon as well as ATT put PFD in writing as recently as this past week with ATT... YES, you can get it in writing. ATT simply emailed me the PFD and I submitted payment over the phone after receiving the email. I would rather be safe than sorry.
01-30-2013 01:03 PM
I'm glad to hear that Verizon has put this in writing before, as I have to go clear up an account with them - and I'm sure hoping they will agree to a PFD. Cross your fingers for me!
01-30-2013 01:07 PM
Yes, it was about 2 or 3 years ago but the guy I dealt with was really good about handling the situation. He emailed me a PFD as well as mailed. The account was removed from my report within days. GOOD LUCK!!
01-30-2013 01:31 PM
It is, or course, always preferable to get any business agreement in writing.
However, I can certainly understand the reluctance of a furnisher to do so.
Deletion based on payment of a debt is contrary to the explicit guidelines in the CRA reporting manual, which is incorporated into their reporting agreements.
The CRAs view such deletions as contrary to the integrity of the credit reporting system.
A furnisher would certainly be prudent in not wanting such actions reduced to writing.
It might also serve as basis for a future consumer to assert discrimination if they have a similar request and are denied deletion.
01-30-2013 02:17 PM
Exactly! Imagine you get something in writing stating their agreement to delete. Then they don't do it, and you submit the documentation to the CRA's. How is that going to make the CA look in the eyes of the CRA's?
It just seems like sometimes (depending on the amount of the debt) it may be better to settle on a verbal agreement. Kind of like catching more flies with honey than with vinegar. You can always request a GW removal if they don't follow up on their end. Then again, it's totally understandable if you don't want to take your chances on a high dollar debt.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.