Rebuilding Your Credit

[Proline251]

I am looking to Pay for delete my amex account. Figure its not worth saving a few hundred and never being able to have them in the future. here is my letter, let me know if i should make any changes.

thanks

To:

American Express

PO Box 981537

El Paso, TX 79998-1537

Dear Sir or Madam,

RE: Account Number xxxxxx

This letter is in response to a trade line item noticed on my credit report that was pulled on 4/30/12 for the account referenced above. I would like to pay off or settle this debt in full in the amount of $1,363 and save both of our time and efforts.

I'd like to clarify that I am not acknowledging or accepting that I owe this debt.  I am aware that your company can report the debt to the credit bureaus as necessary and that you have the ability to change the account status since you are the information provider. In return for me paying the amount in full, I request that you delete all trade line records of the above referenced account with the credit bureaus (Experian, Equifax, Trans Union).

I hope you'll also agree to not discuss this offer with any third party (except the original creditor). If you find my offer acceptable, please send me a letter agreeing to these terms, with a company letterhead signed by your authorized representative, and subject to the laws of my state.

Under the Fair Debt Collection Practices Act, I have the right to dispute this alleged debt. If I do not receive your postmarked response within the next 15 business days, I shall withdraw my offer.

Please forward your agreement to my address listed above.

Sincerely,

[RobertEG]

My opinion....

I would suggest not mixing debt verification or dispute issues in the PFD, for three reasons.

First, you stand a chance of it being tagged as a dispute.  It happens over and over.  Second, it makes it unclear as to whether it is a combined DV and PFD.

Third, a PFD is basically a form of GW request, and interjecting other issues may affect their feeling of GW.

It is a letter for one purpose, and I would concentrate on the postive aspects of that purpose.

[Proline251]

Edited my original message. How does it look?

[RobertEG]

+1

[Proline251]

Ive never sent one of these in before. What are my chances of getting this removed? How has Amex been in the past with this?

[rredstick9]

I have never sent a PDF or GW  Can you send your edited version so i can get a point of reference please?

[Proline251]

the 1st post is my edited version. Just copy and paste.

Sending it out today unless someone else has any input?

[Proline251]

Update:

Sent in the letter twice and no response from either attempt. I called AMEX and they offered a settlement over the phone but said there is no way to have it deleted from my credit report. What's the next step?

[mialar]

Any luck? That is the same response I have gotten whenever I have tried to have a late removed or PFD over the phone...

[Proline251]

ok i just received a letter from amex. Here is what is states:

"This letter is in respose to your request for verification of an outstanding debt to American Express.

The balance as of this letter is XXXX

Due to the length of time since the account was established, we are unable to provide you with a copy of the original application. American Express is only required by law to retain the application for 25 months. This account was established on May 08 2007,

Please be advised that we have provided you the proper document under a seperate cover."

So what does this mean????