Iwan:
The statement in blue letters is irrelevant, disregard it.
I have pulled a few Pfd example letters that I think will explain.
Pay for Delete (Settlement) Letter
Your Name
Your Address
Your Phone #
Creditor/Collector's Name
Creditor/Collector's Address
Date
Dear Sir/ or Madam,
Re: Account Number
This letter is in response to your call/letter/credit report entry on for the account referenced above. I would like to pay off or settle this debt in full and save both of our time and efforts.
I'd like to clarify that I am not acknowledging or accepting that I owe this debt. I respectfully request that you properly verify your right to collect on this debt, in addition to providing me with an accounting of the amount I owe. I am aware that your company can report the debt to the credit bureaus as necessary and that you have the ability to change the account status since you are the information provider.
I hope you'll also agree to not discuss this offer with any third party (except the original creditor). If you find my offer acceptable, please send me a letter agreeing to these terms, signed by your authorized representative, and subject to the laws of my state.
Under the Fair Debt Collection Practices Act, I have the right to dispute this alleged debt. If I do not receive your postmarked response within the next 15 business days, I shall withdraw my offer.
Please forward your agreement to my address listed above.
Sincerely,
Your Signature
Your Name
Sample Pay for Delete (PFD) Letter
This is a bit of home cooking from the Scrub. The Scrub is only providing this letter to you as an example to help you fix your credit. You can use this letter, but I cannot guarantee it will work for you.
Also, the Scrub knows much, but the Scrub is no attorney so don't take this as legal advice.
(date)
(name)
(company name)
(company address)
Re: (account)
(name):
This letter is not to be construed as an acknowledgment of my liability for this debt in any form, but rather an attempt to amicably settle the remaining balance owed on the following account:
(account number)
The total amount owed on the account is (dollar amount). I will pay your company the full amount of (dollar amount) as complete settlement of this account, provided that you explicitly agree to each and every point listed as follows:
1. (Full company name) (hereafter "shortened version of company name") agrees to accept payment of (dollar amount) as an agreed full and final settlement of all outstanding charges and fees on Account (account number)
2. (Shortened company name) agrees to permanently cease any and all attempts to collect on Account (account number), either directly or through a collection agency.
3. (Shortened company name) agrees not to sell the debts owed on Account (account number) to any third party, since (shortened company name) would recognize the account as being paid in full.
4. (Shortened company name) agrees to completely delete all references to Account (account number) from any and all credit reporting agencies, including, but not limited to, Equifax, Experian, and TransUnion. Complete deletion of all account references to Account (account number) will be completed within TEN days of receipt of payment without delay, since certified funds will be sent promptly upon receipt of your acceptance of this offer.
5. Upon complete deletion of all references to Account (account number) pursuant to point 4 referenced above, (shortened company name) agrees not to discuss or report Account (account number) with any third party, including, but not limited to:
a. All credit reporting agencies, AND
b. All collection agencies
6. (Shortened company name) will provide (your name) with a copy of the Universal Data Form (shortened company name ) transmits to each credit reporting agency showing the deletion requests and/or a signed, dated letter confirming that (shortened company name) has notified each credit reporting agency requesting the deletion.
7. This agreement is binding upon both parties.
If you agree to points 1 through 7 listed in this settlement offer, please have an individual authorized to make such agreements on behalf of (shortened company name) sign and return a copy of this offer to the return address listed at the bottom of this page. Upon receipt of this agreement, (your name) will promptly send you a certified check in the amount of (dollar amount). The individual who signs on behalf of (shortened company name) must have express authority to make such agreements binding upon (shortened company name) or the agreement is void.
I look forward to resolving this matter in the best interests of both parties. I think this is a fair offer, and it is entirely within the rights and legal obligations of both parties to do this.
Thank you very much for your time in this matter, and I will await your response.
Sincerely,
(your name)
(for heaven's sake don't sign your name)
Notice: This agreement is restricted to the terms stated herein. This is not a renewed promise to pay, but rather a restricted settlement offer only. Failure to respond within 30 days of the date of this letter will terminate this settlement offer.
CS 728- 01/13 from 554-12/11
Goal: 800
