topic Re: Need help finding a way to reopen or resume payment on a bad account. in General Credit Topics

Need help finding a way to reopen or resume payment on a bad account.

Anonymous — Mon, 29 Oct 2007 03:59:57 GMT

I have an account for a jewelry store CC that has been bad for a long time, but they haven't sent it to an outside CA. Does anyone have a good letter/approach to getting the creditor to reopen the account and let me pay them so I can not only pay the outstanding debt, but also have something good reporting every month? I don't really need credit with them, just more green boxes on my report.

Re: Need help finding a way to reopen or resume payment on a bad account.

Anonymous — Mon, 29 Oct 2007 04:34:14 GMT

SETTLEMENT LETTER TO A FORMER CREDITOR YOUR NAME YOUR ADDRESS CITY, STATE, ZIP VIA CERTIFIED MAIL RRR #P 543 210 789 Date XYZ Credit Card PO Box 0000 Wherever, USA RE: Account #000000000 Dear Sir: The above account was charged off by your organization due to the fact that: I had lost my job and was unable to pay it. I am now employed and in a position to: either resume making payments of $00 per month, or send you payment in full. To resolve this matter in a manner that is fair and equitable to both parties, I hereby propose to pay you: X monthly payments of $00, or remit a check in the amount of $00 as payment in full provided you are willing to send me a letter stating you will either report this to any and all credit reporting agencies as: “paid as agreed” or notify me in writing that you agree to “delete” this item from any and all credit reporting agencies. Due to the inequities of the system I am not agreeable to accepting a “paid P&L” or “charge off” for an additional amount of time on my credit report. It is my position that I have suffered enough as a result of this problem. Upon receipt of your letter I will forward you a cashier’s check or money order in the amount of $00. Please give this matter the attention it deserves. Yours truly, This should start you out. You can put in your info where needed.

Re: Need help finding a way to reopen or resume payment on a bad account.

joinme — Mon, 29 Oct 2007 23:21:49 GMT

Thank You I was looking around for a letter like this-ANS

Re: Need help finding a way to reopen or resume payment on a bad account.

miskiss — Mon, 29 Oct 2007 23:55:52 GMT

THANK YOU!

I've also been looking for a letter for this matter!