Showing results for 
Search instead for 
Did you mean: 

Pay for Delete, Collections, and Newbie Questions....

Not applicable

Pay for Delete, Collections, and Newbie Questions....

Hello, brand new here.

I'm in the process of trying to qualify for a mortgage and I'd like to do pay for delete to get my score higher.  Another question on here answered the amount I should pay and outlined the risks that they may not honor the agreement, but I do have other questions. I was hoping that someone with more experience could help.


All of these accounts are medical and shared between two agencies. In my PFD I'd like to just list out the accounts and how much I'm willing to pay for each, then pay with one single money order. This is what I have written up:


If you agree to these terms, I will pay a total of $XXX.XX for the following amounts via money order:
Pay the amount of $XXX.XX for account number: {XXXXXXXXXXX}


Those with more experience writing these types of letters, is this okay? I'll send separate money orders if necessary, but the bank charges per money order. It sounds petty to split hairs about $4, but I'm a little salty about having to pay anything at all when I was in a wheelchair and repeatedly asked for help. Unfortunately, I need to try to speed my score improvement up. (It's already going up on its own, but I need it to do better.)


I do have a derogatory account that doesn't look like it's in collections yet. It's with TD Bank and is a personal credit card (which mostly went to treatments and meds, but I digress). It's just under $1,000. According to the report, it says that it's been charged off, but nothing about who it may have been sold to. This is the most recent one, and I'm assuming most damaging. Can I still salvage this by negotiating a PFD with the bank, or should I wait until it goes to collections and negotiate with them?


If it's helpful to know, my credit card was opened in 2011 and the last payment was in 2018. It was updated on the last working day of 2021 though, so I'm not sure how that works as far as how much negotiating they may be willing to do?


I appreciate any help or insight anyone can offer. Thank you!

Message 1 of 3
Community Leader
Mega Contributor

Re: Pay for Delete, Collections, and Newbie Questions....

Need more info as in who are the collection agencies. If they dont PFD. You can always contact the med provider and ask if they will recall the debt in exchange for payment. And paying the CO down to $0 balance will help. No more being considered a maxed out card. As far as deletion of a CO account. Chances are slim to none. You can try GW letters. Although you may just have to let it age off your reports.

Homeowner Sept 2020. 2021 Explorer ST Chase 3.1%. Sharing my recovery after BK from learning here. Started 540's. EX FICO 9 801 as of 05/03/2023. I stayed around to pay it forward for those who helped me back then.
Message 2 of 3
Moderator Emeritus

Re: Pay for Delete, Collections, and Newbie Questions....

Medical collections are some of the easiest to get removed from your CRs, here are the steps that you should follow to address them:

1. Call the OC and see if insurance can be billed, (or-rebilled), collections ultimately paid by insurance get removed per new rules that came from CRAs settlement with 22 state AGs. If not then
2. see if you qualify for Charity Care, if not then
3. ask that they recall the collection in exchange for full payment
4. Send the reporting CA a PFD offer
5. Google the HIPAA Process and contact its creator for help, this process cannot be discussed in any forum of myFico.

Message 3 of 3
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.