How can I remove collections from my report?

pat0812 · ‎02-17-2015

I'm trying to remove several collections from my credit report

I recently had 6 collections, and somehow 3 were removed ( doesn't show up as closed, completely deleted from credit report)

I still have 2 open collections and 1 collection that shows up as closed.

Is it possible to call the collection agency and get a settlement with them to pay the debt and get it removed from my credit report completely ? And that it will not show up as closed but erased from my report ?

How do you request something like that? Do you ask them for a letter confirming they will remove the collection before you pay it off ?

If all my collections would be removed will my credit score go up? Or will it remember I had collections in the past ?

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AndySoCal · ‎02-17-2015

I would talk with the original creditor first see if they will accept payment in full in exchange for pulling your account from the collection agency. If that answer is a no then try to negociate a Pay for Delete with the collection agency. Getting it in writing first before giving them a penny.

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pat0812 · ‎02-17-2015

can you talk to the creditor even though it's already in collection?

Will most collection agency agree pay for deletion ?

FICO 8's EX 770 EQ 751 TU 771 (1/16/17)
Amex Gold Premier rewards ( Charge Card)
Amex Blue cash - $47,800 Wells Fargo - $15,000 Citibank Simplicity - $13,800 Barclays Apple - $13,000 Walmart Mastercard - $8000 Chase Slate - $7,200 Discover It - $5,500 Capital One - $5,250

gdale6 · ‎02-18-2015

@pat0812 wrote:
can you talk to the creditor even though it's already in collection?
Will most collection agency agree pay for deletion ?

Yes, 50/50

Here you will find some examples of PFD letters:

http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/PFD-Q-amp-A-Examples-and-PFD-Success-Stories/...

http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/PFD-Example-Letter/td-p/4519