GW Letters or PFD?

[Anonymous]

So after reading this forum I realize I may have made a huge mistake regarding collection accounts showing up on my wife's credit report.

I called all the companies and paid for the remaining balances in full, they have sent me letters to the effect that these have been paid off and they will notify the credit bureaus, etc.   However this doesn't mean these records will be expunged from her credit report.  Now I am writing a dispute letter for each of the bureaus regarding these accounts and also contemplating writing a GW letter to the collection agencies hoping I can get them to delete these accounts from the credit reports.  In retrospect I should have probably sent PFD letters or asked for PFD over the phone.  Is it too late?  Can they still delete these delinquent or collection acounts?  If so how much more do I need to pay?

[Anonymous]

---

vjcredit wrote:

So after reading this forum I realize I may have made a huge mistake regarding collection accounts showing up on my wife's credit report.

I called all the companies and paid for the remaining balances in full, they have sent me letters to the effect that these have been paid off and they will notify the credit bureaus, etc.   However this doesn't mean these records will be expunged from her credit report.  Now I am writing a dispute letter for each of the bureaus regarding these accounts and also contemplating writing a GW letter to the collection agencies hoping I can get them to delete these accounts from the credit reports.  In retrospect I should have probably sent PFD letters or asked for PFD over the phone.  Is it too late?  Can they still delete these delinquent or collection acounts?  If so how much more do I need to pay?

---

If they are paid, you wouldn't send a PFD. You send PFD before you pay. You don't have to pay anything more if they are paid in full.

What you need to send is GW letters asking if they would be willing to remove the account from the CR.

You should not dispute with the CRA unless they are reporting inaccurately.

Two reasons.......

1. You should never dispute accurate information.

2. If they "verify" it could make the collection appear as "recent" and drop your score.

[llecs]

---

sidewinder wrote:

Two reasons.......

1. You should never dispute accurate information.

2. If they "verify" it could make the collection appear as "recent" and drop your score.

---

and 3) Disputing an account, especially with a CA, could lead or cause the CA to "discover" unpaid balances and either engage in collecting the difference or sell it to another CA. The latter happened to DW.

4) Depending on the account and where reporting, disputing can lead the OC or CA to mysteriously add lates from years past causing a drop in scores.

5) Disputing over and over can lead to a frivolous charge by the CRA making it nearly impossible to dispute in the future.

6) Finally, a CRA can add a fraud alert due to disputing, especially as "not mine", or even lead to a split file.

[Anonymous]

Thanks All.