RJM PFD already in arrangements

[Redissochi]

Ok so last January I got 2 letters from RJM for two banks that I overdrew from (wachovia and WAMU). They offered settlements and monthly payments and I chose the automatic payments of $10 per month for both accounts. A year later the balances are paid down and I am a little bit more informed about the Collection process and now I know that even if you pay off a CA account they dont have to delete the account. So my question is do you think I can call RJM and cancel the monthly payment agreement in exchange for paying the remainding balance for one account and half of the other in exchange for a deletion or is it too late to request this because I am already paying on it?

[RobertEG]

If you entered into an agreement with them, and breach it, you are yelling "sue me!"

Why would they agree to less favorable terms (i.e., having to do a CR deletlion that may be against their policy) when you have binding negotiated terms with them?

Not something I would consider.  Pay it, and send a GW plea.

[Anonymous]

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@Redissochi wrote:

Ok so last January I got 2 letters from RJM for two banks that I overdrew from (wachovia and WAMU). They offered settlements and monthly payments and I chose the automatic payments of $10 per month for both accounts. A year later the balances are paid down and I am a little bit more informed about the Collection process and now I know that even if you pay off a CA account they dont have to delete the account. So my question is do you think I can call RJM and cancel the monthly payment agreement in exchange for paying the remainding balance for one account and half of the other in exchange for a deletion or is it too late to request this because I am already paying on it?

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Hello, I have worked with RJM on 4 accounts (all PFD's though) and they have been extremely helpful and agreeable on each of the collections. I think a GW might be very successful with them.  Good luck!

[Redissochi]

The agreement we have is not binding. I just called and gave them permission to run my card for the same amount every month. I never signed anything.

[Anonymous]

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@Redissochi wrote:
The agreement we have is not binding. I just called and gave them permission to run my card for the same amount every month. I never signed anything.

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Try sending them a good will letter. That's probably your best shot at getting anything removed since the payment arrangements have already been established.

[Anonymous]

You don't have to sign anythign to have a binding agreement.  You made a verbal agreement authorizing them to charge your credit card monthly.  They most likely have this recorded, but even if they don't, the payment history should be plenty for them to validate your agreement.  As others have said, definitely just pay it off then send a GW request for deletion.  Good luck!

[Anonymous]

After the last payment is processed I'd either call or email a GW letter asking them to remove it (as long as each payment was made on time).

[Anonymous]

MY RJM PFD TIMELINE: 1/4/12 mailed basic PFD letter. 1/19/12 received their basic PFD offer letter. 1//20/12 mailed money order for 50% of the balance. 2/4/12 RJM cashed the moneyorder. 3/9/12 tradeline deleted from Experian. ...waiting for TransUnion to drop off....