Ok so maybe I'm being a little impatient but I have a PFD letter, and a reciept saying my collection is paid in full. I know it's only been 2 weeks but I'm starting to get a little voice on my shoulder going "what if they don't hold up their end"
Is it worth it to attempt to dispute with the credit bureaus or do I just sit on my hands?
I'm trying to buy a house in the next 3 years but waiting for a better score is so hard!
CRA policy, as clearly stated in their common credit reporting manual, instructs debt collectors not to delete their reported collection based on payment of the debt.
A dispute on the basis that the debt collector has failed to delete based on a PFD agreement is asking the CRA to delete for a reason contrary their own established reporting policy.
The debt collector, if they agreed to a PFD, is under a contract agreement with you.
Remedy is bringing a breach of contract action based on your agreement prior to paying.
Debt collectors are not likely to actually go to court and attempt to defend a breach of contract action if they have agreed to a PFD.
I would give them at least two months to process the payment and make their own voluntary deletion before proceeding to threat of civil action.
As @RobertEG states I would wait for the Collection Agency to do what they promised.