I have received the following email. Is the email good enough or should I ask for a signed and faxed letter?
"... I agree to issue a deletion of this trade upon payment in full of the balance. Contact the agency assigned to this account to arrange payment via certified funds.
Once the payment is made, I will be able to issue you a letter upon payment confirming the deletion before it shows on your credit report."
Once I make the payment, they will issue a letter and then I will send that letter to the credit bureaus to have the tradeline removed, is that correct? Please confirm. Thanks.
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PFD acceptance is a legal contract. Yes, it requires authentification. Not just an unverified e-mail, which legally is no more than a contract negotiation.
Some verification of what is agreed to be deleted, and some electronic or written authority that binds them to the agreement.
But getting to the substantive issues, which I really dont understand from the facts offered in your post.
Who did you send the PFD offer to? Was it the original creditor (OC), or was it their contracted debt collector (CA?)?
So I am unsure of who is offering deletion, and thus what they are offering deletion of.
An OC can only agree to deletion of prior derogs that THEY reported, or even to the deletion of their entire account from your CR, in a PFD agreement. They cant requrire any deletion of CA reporting.
If the OC still owns the debt, and you pay them, even with a valid PFD contract, the OC cannot agree to or promise any deletion of reporting to your CR that has been made by a debt collector (CA).
IF you pay a debt collector (CA), after reaching a PFD contract with the CA, then the CA similarly cant commit to any CR deletion of prior reporting done by the OC.
