topic Re: Pay for delete still on credit report in Rebuilding Your Credit

Pay for delete still on credit report

Anonymous — Tue, 15 May 2018 05:53:51 GMT

Ive paid a collections account in full after receiving a written pay for delete letter from the collection agency. The account still appears on my credit report with one of the credit bureaus. If i send a copy of the pay for delete letter to the CRAs do they have to delete the tradeline?

Re: Pay for delete still on credit report

RobertEG — Tue, 15 May 2018 09:49:40 GMT

No.

The CRAs have a formal policy that collections not be deleted based on payment of the debt.

Asking them to do so is to request that they act contrary to their stated policy.

Contact the debt collector and remind them of their contractural obligation to report deletion to the CRA.

Re: Pay for delete still on credit report

TaperRandy — Tue, 15 May 2018 10:31:11 GMT

I had a situation with an item going to collections. I can dig if necessary and find out exactly who/what it was, but for conversational purposes I felt it to be unjust and basically went into defiant mode thinking the debt collectors were simply low rent scum who wouldn't report. That, and the amount sought was unjust in the first place, and that is a whole dialog as well, which I won't bore the readers here with. I'll stick with the facts and omit the commentary.

This was one of my first lessons in rebuilding credit. Nothing goes away, and they all report. The aforementioned collection of $1100 popped up during a reporting update at the 3 majors and my already less-than-stellar score plummeted into hide-my-face status. I called the Texas business which owned my debt for the 7th time and spoke directly to the single name only individual whom I've been nasty with over a month or two. I offered to pay what they were seeking. She asked when. I replied "now". She accepted the payment and in a civil and assuring tone stated that because I satisfied the debt so quickly following it hitting the bureaus, that it would be marked as paid in full, reported as such almost immediately, and it would go away by the next cycle or two completely. She wasn't lying. It dropped off weeks later, forever. No trace of it. There is a rooting period of some sort when certain negatives are reported. If it is fresh enough and satisfied quickly, the collection agency will often have it lifted if you are civil to them in discussions. Again, I pulled myself out of the gutter to where I am now. I am not arrogant enough to post what I would call gospel. However, every word of what I share at this forum is factual and is straight from the archive of experience of things that worked...or didn't work for that matter for me.

Re: Pay for delete still on credit report

hdcolumbus — Tue, 15 May 2018 11:36:32 GMT

I recently had an issue like this with NCB--I waited patiently for almost 4 months, calling them every couple of weeks and they would "assure" me that it had been submitted. Finally, I filed a BBB complaint against them--the tradeline was removed from all 3 CRA's within two days of filing the complaint. I then received a letter from NCB apologizing and that they had submitted the removals on x date (the day after I submitted the BBB complaint). Frustrating as they'd strung me along with lies until that point.

Re: Pay for delete still on credit report

Anonymous — Wed, 16 May 2018 04:35:22 GMT

Thanks guys - thats what I needed to know. I will wait it out a bit longer, and if nothing changes I will go the BBB approach. I kept reading that people are sending their pay for delete letter to the CRA's and that really did not make sense to me!