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Pay For Delete


Pay For Delete

Hi all!
I have been working on getting my FICO 2 score up for a couple of months now, in hopes of buying my first home soon. I still have a lot of work to do.
I would like to know HOW to effectively ask a collection agency for a Pay for Delete. What would I want to be sure and ask in the negotiation process? And what is appropriate to say when inquiring?

I've worked on paying down my card balances as mentioned in other forums, and I have became an AU for a CitiBank CC with a low balance, never late, and 10+ years worth of reporting.
I have 3 collections that I am trying to work on now, with the amounts of 444$, 255$, and 133$. Any info on Pay for Delete would be greatly appreciated!
Thanks for reading!
Message 1 of 4
Valued Contributor

Re: Pay For Delete

Who are each with? And are any Medical?
Message 2 of 4

Re: Pay For Delete

None are medical.

Credit Collection Services $133
Original owner was Progressive

Enhanced Recovery $225
Original owner was DirecTV

Capital One Bank Charge Off
$444 balance on a $300 Credit Limit
Message 3 of 4

Re: Pay For Delete

Welcome to myFico and here are examples of such to get ideas. You want to keep it as simple as possible and I advise they be sent to the office of the CEO. Cap-1 does not ever PFD though I would get it settled to stop its updating and clear your utilization on it.

"If there's a lack of money in your life, understand that feeling worried, envious, jealous, disappointed, discouraged, doubtful or fearful about money can never bring more money to you, because those feelings come from a lack of gratitude for the money you have."

"Reactions are powerful creators because they contain every element needed to manifest—they're a combination of thought, belief, and feeling in action. Positive reactions create more positive things, and negative reactions create more negative things. If you can respond to negative situations calmly and lightly, instead of with emotional turbulence, what happens next in your life will be so much better."

- Rhonda Byrne

Message 4 of 4
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