topic Re: Need Credit advice on Pay to delete and judgement in Rebuilding Your Credit

Need Credit advice on Pay to delete and judgement

Anonymous — Fri, 20 Sep 2013 17:47:14 GMT

Hello,

to make a long story short I have 5 medical collections that are small amounts on my credit report through a collection agency. I have talked to the credit agency and they are willing to do a pay to delete, but I have requested this in writing and they said they don't do that, they are willing to send proof of payment and agreement after payment.These conversations are recorded, They tell me they would sent proof of payment and deletion letter later within two days of paying, What should I do ?? Is the recording enough? ,these collections are small but Im sure they are hurting my credit. What to do?? the credit reports have the wrong amount on them is that a way to get it deleted??

Also I have a paid medical judgment that is the wrong amount on my credit report it is paid. It is not showing paid and has the wrong amount what should i do??

Re: Need Credit advice on Pay to delete and judgement

RobertEG — Fri, 20 Sep 2013 18:02:00 GMT

I would pay and rely upon their promise. It is an oral contract.

Debt collectors have very good reason not to put PFD acceptance in writing.

The CRAs, in order to retain the value of credit reports they sell, have a written policy that furnishers should not deleter based on payment of a debt.

If PFDs became the norm, then the value of their credit histories provided to others would be drasticallly diminished, as they would not fully show actual history.

A party who puts in writing their acceptance of deltion based on payment of the debt runs the risk of possible CRA review of their reporting agreement.

They dont want their ability to report to a CRA to be terminated, and thus are often reluctant to put such acceptance in writing.

Re: Need Credit advice on Pay to delete and judgement

Anonymous — Fri, 20 Sep 2013 18:22:16 GMT

Thanks for your reply Robert so you're saying go ahead and pay it?? They are so willing to send agreement after the fact not why not before?? do you have any advice onor judgment?

Re: Need Credit advice on Pay to delete and judgement

Anonymous — Fri, 20 Sep 2013 18:34:09 GMT

For the judgment, contact the county clerk where it is filed and see if the satisfaction was ever reported to them. The attorney handling the case had a limited time to submit paperwork once satisfied.

Re: Need Credit advice on Pay to delete and judgement

RobertEG — Fri, 20 Sep 2013 18:34:31 GMT

When they do delete, they are not required to provide a reason to the CRA, so absent any paper trail, the reason for their deltion never becomes an issue with the CRA.

After they delete, a letter confirming their deletion will similarly say only that they have deleted.

Its a CYA.

If they have gone to the extent of promising deletion, and advised you that their promise has been recorded, and thus would be discoverable should you bring legal action for breach of oral contract, they wont go to court over the issue. Yes, I would pay.

As for the judgment, the public record identifies whether or not it has been paid, and that is what the CRA uses.

When you satisfy a judgment, the judgment creditor is required to promtly notify the court of the satisfaction.

Once that has been done, the public record will reflect that fact.

I would contact the clerk of the judgment court, and ask whether the judgment creditor has filed the required notification of satisfaction of the judgment with the court.

Re: Need Credit advice on Pay to delete and judgement

Anonymous — Fri, 20 Sep 2013 18:41:59 GMT

Thanks again if they haven't then what I know that its not marked paid on my credit report And it's also listed for the wrong amount that I paid

Re: Need Credit advice on Pay to delete and judgment

Anonymous — Fri, 20 Sep 2013 19:04:58 GMT

Thanks Guinness,

do you mean the actual clerk of the court?? Sorry I seem really dub on this.

Re: Need Credit advice on Pay to delete and judgment

Anonymous — Fri, 20 Sep 2013 19:21:21 GMT

As for the judgement i went and pulled up the judgement and it is marked paid,is there a way to get this deleted, the amount that i paid is different for the orginal judgeent because i am approved to pay only 5% of medical bills,. If there is a way to get this deleted please let me know, it is not maked paid on my credit reports?? thanks