If I Pay A Collection Company Will They Delete From My Credit Reports?
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- čas přidán 24. 08. 2024
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Most credit professionals tell you to NEVER pay a collection account, however sometimes its a necessity. Here I'll tell you what to consider when paying a collection account and tips on how to do a pay for delete from your credit reports.
The Tips provided in this video and MORE can be found in my new book STOP HIDING! 10 Proven Strategies for Facing Debt Collectors Head On; which can be purchased on my website: store.mnhfinancialservices.com.
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~ Netiva "The Frugal CrediTnista"
If I ever miss any of your questions, feel free to post them inside of my free community CreditMakesSense.me; I'll catch them there :)
Great video
Out of all the videos about paying collections and not paying, You was the most informative, thank you very much.
Thank you :)
This was extremely helpful! Can’t thank you enough 🙏🏼
Very straight forward information. Thank you.
I love you! This is the most helpful video I've watched so far!
Thank you so much! This video was so informative!
Introduction on point !! YESS
brilliant!! Thank you!!
Your video is Awesome.This video will help the people to improve the credit score.Thanks!
Amazing video thank you!!🙏🏽
i have an old gas bill.every time its about to drop off they resend it back to collections and the 7 years starts over again..
Very informative and to the point, it’s appreciated. Love the personality, gives this negative topic a little spunk lol thanks again 🤘🏻
Thanks!
Thank you for the clarity on the dates I have a debt I wasn't paying because i was scared the date would start over but the bank had told me they would give me a loan if I didn't have it on there.
+Tiggz Lowery Yes, many confuse the dates! Ultimately a deletion is ideal, however, paid collections are easy to remove as well. Glad I could help!
How can I sign up with you??
Can lendors still see deleted accounts?
Hi, no. Once it's removed they can no longer see it. There is a suppressed file that lenders can see but the amount has to be over 6 figures; I believe its $150k
Very informative
Thank you for the education!
this information was very helpful!
+Latoya Stroman Thank you!
good info thanks
Hi I have a question please My wife she doesn’t have credit score we miss a medical bill payment then the hospital send this bill for collection my question isif this is Miss payment hurts her credit score in the future for seven years ( she is new immigrants)
Hi, it will report on her credit if it hasn't been paid. As she builds credit, it will be there and impact her as long as its updating and reporting.
She can complete a financial assistance application to see if it can be forgiven or greatly reduced. That way the debt and the reporting can go away.
The Frugal CrediTnista tanks so much
I like your tactic. I have credit card debt and 1000 to school. I'm going to pay then dispute.
a huge help thank you
Always get a written letter stating the agreements.
I, too had trouble with Portfolio Recovery Associates, was told literally by an agent on the phone "we never do that" (first, highly unprofessional--speaking to me, as thought I owed them personally), as response to having two account paid or settled and paid. Infuriated is an understatement.
They do it sometimes but you would have to be persistent and offer a lump sum settlement on an account they want to close out
Thank you so much!
Thanks for the info! I'm doing a mass debt settlement and they're all saying no to deletion. I plan on as soon as the money comes or if the account disputing and trying to remove that way. Thanks again!
How would I get a paid off closed account off my credit
is it a closed charge off/collection account?
Netiva Heard thank you for responding I paid of a sprint debt I owed I asked to settle for a lower amount they did . Now it’s says closed on my credit report. How would I go by to get it written off or deleted of my a credit report. I called them and they told me the don’t settle for deletion.
@@emmywoo2754 If it's paid, you can try disputing it or send over a goodwill letter asking them to remove it. It's totally up to if they respond to the disputes or grant your request via a goodwill letter. I have a sample one in my FB Group if you're on FB - www.CreditMakesSense.me
Netiva Heard definitely thanks so much see you on your fb group
Hi, would it be useless to request a validation of debt from a collectio. agency after already making a small payment?
So informative! Thank you.
Thanks :)
I just got a letter to settle an old Deb that's off my credit reportI and if not I'll be getting a judgement how do I proceed this problem can you help me
Why do you think you will get a judgment? If it fell off your reports its 7yrs old right? What are the statute of limitations for your state?
@@TheFrugalCrediTnista they told me in the letter
@@TheFrugalCrediTnista 7 yrs. is past already 7 year sorry I'm leagally blind a ND might do some mistake
@@myrna1960 What is your statute of limitations? and what type of debt is it?
@@NetivaHeard 7 yrs is my status of limitation is 7 yrs this came off my credit about 11 yrs already
Will your score go up if you pay just one of your collections? I have 5 and want to pay one at a time starting with lowest.
It could if it's new; when you pay off newer collections they can increase your scores a bit (depends on what else is going on with your credit) because you are bringing an unpaid collection to $0 paid collection. I'd SETTLE it vs paying it in full if you do decide to go that route, and I typically advise to dispute the account for validation FIRST, if it's validated, then negotiate a settlement in exchange for deletion. Quite a few companies do this now.
great video. do u still do credit repair for client?
Thank you :)
Yes, I do; visit www.SoarMyScores.com
I need help with my credit
Hello,I want to ask you this.I had cancer last year,well they did all kinds of test then I had surgery and my hospital bills and lab fees were over 70,000 dollars.My insurance at work paid all but 3000.That. is on my credit and some of it just went to collections.Im trying to get my credit together.I make 13.00 dollar a hour how can i afford to pay on my bill.
Call and complete their financial hardship paperwork that should either eliminate it or greatly reduce it as long as you input the proper financial info
Thank you so much.I will call them tomorrow.
i tried to pay two collection both from bca finacial,i asked to pay for deletion and they refuse to delete them, they say they will only mark them as paid/closed..i told them it does me no good to keep being punished and i pay...they put it on there and they morally should delete them once paid...they still refuse...so im lost now on how to get these two collections deleted??? help? lol.....like you said ive called and settled with other collection companys for deletions and all went good, but bca is impossible...dont they want their money..no smart person should ever pay without a complete deletion..like you also said that if you pay it and it just says paid its still a collection, but then you dispute it...but what if they wont still allow the dispute to be deleted? very good helpful video to by the way, thanks
AWESOME . AWESOME !!
Thank you, i just visited the link and i will be contacting you within a day or two.
Look forward to speaking with you :)
Why is it so hard to get an account deleted after it reads paid & closed
your videos are awesome
+DERLY McFLY Thank you!
I have a expungement letter from a collection company. Not a pay for delete but expungement letter. I paid the debt and they said they would have it expunged. They also sent me a letter for the proof.
Do I trust them they will send it to the CRAs or do I send a letter to the CRAs myself asking for the deletion.
I am afraid that sending the expungement letter from the collection company to the CRAs. The CRA will mark it as just paid in full
Hello! Thank you for this great video! One question: you mentioned around 7:05 that collection companies might be more open to deletions with medical debts. Can you elaborate on this? I'm dealing with that at the moment and I am wondering if I should be approaching it differently. Thanks!
Hi Justin,
Medical providers are granted access to our medical information (very limited) to collect on a debt. Once they have been paid their access is terminated. Thus, some will just go ahead and delete once they have payment because they can no longer validate the debt if requested because they should no longer have our medical info on file
I’m from Canada
Hi , I have a question see if u can help me out ,I have small collection account 450 from a credit card after 1-2 years years was removed from my credit , 2 years later I get a credit card from them again the had sold debt to collection agency as soon as I open credit card with them they notified collection agency which they put on my credit and damaged it only $450 been trying to get resolve dont no what to do , just settle for less or pay in full.and have them remove from.my credit or is their something else I can do?
So you had a card with a company that went to collections. 1-2 years have passed and you re-applied with them and they approved you with a card and notified the collection agency they sold the debt to of your new info and it was re-reported to your reports? Why was it deleted? Was it because it couldn't be verified or because they didn't respond? If it's the latter re-dispute it.
@@netivaheard4579 hi thanks for your help ,correct . I have disputed many times not sure why originally was deleted but I was from my credit but I tried disputing few times came back verified saying its mine.not.sure what to do if just settling and have it deleted or if I can file complain of some sort seem to be illegal of some sort ?
If already paid accounts that is in collection statues, what do I need to do in order for them to be taken off my credit report?
hey there, send an email to hackenginee@tutanota.com he is really good in removing items off credit report.
I have paid off collections ony report. is there any way it could hurt me by disputing the paid off collections? I heard sometimes they won't reply to the dispute after you paid. Sorry if this is stupid, I just see #of accounts as part of your credit score. If I have them removed, it would go from 6 accounts to 4
Hello, you can dispute paid collections; based on your comment, however, it seems as if you need to rebuild. If you have 2 accounts in collections, what do the other accounts consist of?
@@netivaheard4579 so I have a best buy card, and a car loan and that's it. When I talked to my credit union the other day they said my score was a 580 and told me I'm on the right track, just give it some time. He said bu March I could be over 600 and then I would easily get approved for their CC with a better rate than if I applied now. He said my debt to income is 14% if that helps as well.
Most of the collections are like 2-3 years old back when I was younger and didn't understand how credit effects things.
@@Guyerbassist so you have a best buy card, car, 2 collections, what are the other 2 accounts?
@@TheFrugalCrediTnista so I have best buy (open) car loan (open) a furniture leasing collection (paid) gym membership collection (settled) personal loan from CU (paid on time 100%) and a direct TV collection (paid yesterday)
The direct TV one, the collection people told me only direct TV can remove the collection, so as soon as they report it as paid I will be calling directv to ask for removal and I have a charge off from 5yrs ago
How do you calculate the years of the statute of limitations? My bank card was open in October 2014 and in my SOL it's 6 years. I'm recently in collections. PLEASE HELP!
You calculate from the 1st date you became past due and NEVER brought the account current again
I am in Collection and I decided to contact the collection agency. I agree to pay installment. I gave them my Bank account and routing number. Then next day i did little bit of search and found lot of videos/advice all suggesting using the "Pay to delete" method.
I contacted my Bank and requested to stop the pre authorized payment.
This collection Agency isn't my original Creditor. The only thing I agree was to pay the fee and I they said they will record our conversation.
My question iss, what can they do legally ?
Your Advice is highly appreciate.
Thanks
+CCVPGUY If they have everything available to validate they debt they can pursue you for payment via the court systems - aka sue you.
Have you checked your statute of limitations?
Have you asked them to validate the debt?
Do you have proof of the debt?
I provided a LOT of details on dealing with collections through my book found here: bit.ly/CollectionBook
As far as Pay to Delete; that's totally up to the collection agency; they don't have to do it and less than 20% do. Keep this in mind when planning your next steps.
help...
Thank you sweetie, ur information is most helpful... I have been building my credit & boom, two collections from a credit card from 3 yrs ago (I have 3 more with them) appeared on my report, sighhhhhhh.. Both under $1,000... Now I have a sense of direction.... validation, pd 4 deletions if they will with a settlement (get it in writing).... Greatly appreciated hon...
+Katrina Georgia Girl Thank you so much!!!
+The Frugal CrediTnista hi I have two collection I'm going to pay off. I wanna do the pay and delete how long would it take for them to completely delete my collections
+Bee Hello! It varies; some as little as 7 days others 30-45 days.
Most collection agencies report monthly however there is an option to make adjustments to credit reports outside of their reporting cycle, ask and they'll let you know :)
I have 2 collection in my report 126$ from T-Mobile and 78$ from century link. How can I resolve this? is pay it off make any difference?
How do you check your statute of limitations? I have medical Bill's that may limit my credit worthiness
Hi, you can google [your state] statute of limitations on debt
I was able to settle my debt and some items were removed from my credit report . But how would I dispute the items that were left on the report to have them deleted??
+MrsMackey
Hello! The only way to legally get it removed is to find an error or incomplete reporting and to dispute it for removal.
You can also contact the company reporting to see if they will remove it out of 'good faith'
I talk about that here: mnhcreditsolutions.com/the-power-of-the-goodwill-letter/
Thank you so much for the information. What can I do if I already paid my collection in full but I still have 4 more years for it to erase my credit history, and I didn't agree for a deletion [I didn't know].
Hello, you can do a couple of things, the one that has worked for me is to
ask for a removal via a goodwill letter
@@TheFrugalCrediTnista OK, I'll also try calling them back too. How long do I wait after I send out the goodwill letter? 30 days?
@@U238389 Because you're asking a favor (and mailing times are taking much longer) it can take up to 60 days
Thank you for this video! Extremely helpful. I asked the collector company if I were to pay off the debt would they remove it from my credit and they said they don't so once I pay the debt what can I do to remove it from my credit report? Thanks!
How do you know the collection agency will delete the medical debt from your credit report if you pay it, even if they agree? Or is it better just to go straight to the credit bureaus for a small medical debt ($100) and just try to get it deleted?
Go thru credit karma. I just settled a small debt and used credit karma to dispute... they removed it and my credit score went up 50 points. I was absolutely floored. Try disputing it first.
Hello. I just told my original collector that I will pay only for them to delete. They told me that they cannot delete or change it. That after I pay it it will update as paid in full but still a Charge off.
PS. I always had perfect payments except the last payment is the one I disputed. Should I pay it. It's only $325
You are negotiating with the original creditor, not a collection. I'd see if they can remove the last payment out of good will if you pay it in full. I'd send the request to the email of the CEO, you can get email address on BBB site or Linked In
How do I contact you regarding a collection account that I med removed ASAP ??
Thanks!!! You answered a lot of questions I had about credit card debt, collections plainly.
@ 1:11
You Hit it on the head
should I have them send me a letter first before paying to delete?
Yes, if it's not in writing or on a recorded ph call; it didn't happen
The Frugal CrediTnista that's where I messed up up I owed 1200 and took a settlement for 700 and i ask for it to be deleted but he said his company doesn't do that so when I'm requesting to delete after it's paid what should my reason be for deleting it?
so how do i actually get a payed collection of my record?
Paid is actually more easier; dispute it; I find the smallest of errors and over half don't reply so it's automatically removed. I never dispute - not mine. That's a red flag and its answered a LOT, dispute an actually error - dates, balances, monthly reporting, anything. Those have the highest chances of getting removed.
@@netivaheard4579 what?
@@TomisaLami find an error, dispute. Check for dates, balances, how they report each month etc.
Finding and disputing errors have a higher chance of being deleted than just sending in a random dispute letter
@@TomisaLami OH! Okay, it really depends on the company, I have the best results over the phone vs via a letter
I owe sprint 1700! They gave me a week to pay in full but I don’t have cash on hand. What can I do to save my credit or to by time
If you can't pay it, you can't pay it. Let them know paying it in a week isn't an option and what other options do you have. If nothing, you will take the hit with your credit. If you can settle the acct, do so for 50% or under. Sometimes they offer this option right before the account is charged off, other times a little after.
As far as credir, try to have everything else in your credit stellar and keep it there. As Sprints negative reporting ages it'll be scored less.
I'd also dispute it if you find any little thing inaccurate once it reports - dates, balances, etc
How does paying a collection affect your score
Hi Stacey, it varies. If it's reporting every single month with a balance, paying it can give you a slight increase (some of our clients have gotten 60pts so it depends on how new it is too), negotiating a deletion is always best. If it is older, not actively reporting, then it can greatly reduce your scores. If you want to schedule a chat for a credit review, you can visit: SoarMySores.com, otherwise, take the free challenge in the description, I teach you how to pinpoint how items are reporting to help w/this :)
MS. Furgau how can I bounce back after having derogatory on my credit report pay for settlement please help I have 6 accounts in good standing
You have 1 account marked as paid settlement and 6 in good standing, how long ago did you settle the account in full?
How to get it in writing ? Will email do ?
I want to pay to delete but they don't want to give me a written statement saying they won't post on my credit. They said we're on a recorded line so they not sending a statement, they'll give me a receipt.
I've done several P2D without it being in writing, I record the conversation and keep a copy for my records in a free Dropbox for clients
@@TheFrugalCrediTnista thanks, but if it later appears on my credit report how do I use the recording to get the credit bureaus to delete it? Do they accept recordings?
If it reappears you would file a complaint with consumer Financial Protection Bureau, its a violation to lie to a consumer to get payment
The Frugal CrediTnista you are a TRUE Expert in your field - by far the best credit repair you tuber. I’m subscribing after I finish typing.
Hi is it recommended to negotiate a pay for deletion with a credit collection agency like LJ Ross Ass.?
can I get you to help me. Thanks
Sure, visit our services page at www.soarmyscores.com to schedule an appt :)
was she able to help you out?
so if my debt is pass the statue of limitations I don't have to pay...but they will still report to the cerdit Bureau which will effect my cerdit ...right
Bianca Dort they may already be reporting, but yes it can still report to your credit reports
The Frugal CrediTnista seems like a lose lose situation unless I do the pay to delete...how about a five year old medical bill
Will a bank accept a pay to delete on a cancelled credit card that hasn't been sent to a collection agency?
Hmm most likely not, they will accept a settlement though and that's better than a collection
Ok question...I have $3720 in collections for medical debt. Everything is verified and it is what I actually owe. I have 6 bills that total 620. Would it be better to save up money and ask to settle a portion of the total or ask to settle on a price for each individual bill?
Will they delete it after you complete payments to them? Paid in full.
You would need to negotiate that 1st before payments are made.
Netiva Heard wow. I just paid it off. 😭
If i have the letter saying paid in full, can I send that to the credit bureau's and have them to delete it from my credit report?
I getting sued from an original creditor I not sure what to do, I mean I want to fight it, but I don't have alots of money for a lawyer any suggestions please.
You want to fight it. Contact legal aid.
If you fail to respond and show up to court they win by default and can file to start garnishing your wages/levying your bank acct
That's the last thing you want
Netiva Heard i understand but i think i lose
Well if you do nothing you'll definitely lose
If you have a good defense then at least you have a fighting chance
Is there a difference between a small collection and a big one?
Not really, the appearance of a collection itself is damaging. The amount comes into play when applying for certain types of loans
I just got a hard pull and got to see all my fico info. doesnt show a collection am at 750 fico score. Also called the ocal courthouse to see if any cases are against me and they checked state wide and said no.
Jared Highlands Do you think there is negative info reporting on you? A 750 credit score is pretty good as far as interest rates and terms
Actually got a copy of my credit score from bank since i asked for a line increase and it didnt show up. Must just be trying to scare me i got that notice months ago.
Does it matter how many collection accounts you have in regards to the FICO score? For example: I have 3 Collection accounts but only settled 1. Note: I am trying to repair my credit to buy a house and the mortgage lender told me that my score is too low and that I should pay all my collection accounts.
Hmm that may not increase your scores; Payment history looks at if you have a negative account. How old it is. If it's unpaid.
I'd check when the last time it was reported, your statute of limitations for your state, and what other areas you can focus on to increase your scores. Have you taken my free Home Buying Challenge? When were you looking to buy?
@@netivaheard4579 the accounts are only a year old. I'm looking to buy a home within 3 to 6 months since I am rebuilding my credit. No I wasn't aware that you have a program. This is the first time I've seen one of your videos. I already have payment arrangements in place but I also have a couple more collection accounts that are still outstanding.
Hello my question is i have an old T-Mobile account for $550 an I believe they restarted or sold it to a collection company. my question is it good to call or write letter to see an I can settle an will it be removed from my account?
Thank you so much, love your information!!
Thank you @Bonjeani!
Do you still help with credit?
Yes I do, we're should have some openings this week, email Team@MNHFinancialServices.com
Is their anyway I can get the paid collections off my credit report if the collection company says they can’t do this?
Find an error or dispute in hops that they dont respond because they have their money.
The Frugal CrediTnista so if I dispute the paid collection on my report and the collection company doesn’t respond to the dispute I can get it removed. Thanks for any information .
The Frugal CrediTnista what do you mean by error?
@@NoName-kx2ms Credit Disputing is based on Factual Errors, not just randomly sending out dispute letters like some shady companies do.
You look for items that are inaccurate,incomplete,inconsistent, unverifiable, untimely - I have a free video training on it here: bit.ly/CreditReportMastery
HI, to pay the debts do I have to contact the companies directly?
To pay the collection agencies/companies you owe? Yes
Thank you sooo much!!!!!!!!
hey I'm new to your channel and I paid off some old bills on my credit and I got a cheaper amount to pay them but now it says charged off on my credit. what should I do next
Dre McCoy its paid now
you can move on and focus on rebuilding, or check to see if they even need to be touched
here's a 5 day challenge to assist you in going over your reports and pinpointing what you should focus on when rebuilding: bit.ly/CreditReportMastery
Hi. Great info. I need an advice. I just saw a old utility bill collection of 1700 in 2 of my credit report And same creditor is sending letter to negotiate the payment for 600. Should I pay it. I want it removed from my credit Im afraid they won't delete it once I pay and open a can of worms. Thank for the help in advance.
valesca s Google your statute of limitations for your state to see if it has expired or not 1st, negotiate removal before paying
I just settled a debt last week, can i still call the creditor and just pay it in full?
Hmm why would you want to pay it in full? What would be your desired outcome by doing so? If it's to get it removed, most original creditors (especially major ones) will say no. If it's a smaller company or a collection agency, your chances increase, but after they get their money, they are not as open to deletions in exchange for payment. Doesn't hurt to try if your debt meets that criteria to see what they say.
is it possiable you can help me fix my credit anyway I can contact you
+Tanisha Kuhn
I'd love to help :) email me --> info@mnhcreditsolutions.com
I need help fixing my credit can you help me out
I'd love to help; here's my email:
info@mnhcreditsolutions.com
can you help me fix my credit
I just disputed a statue of 7 yrs off my report and have been paying a collection co. The last 3yrs $25 a mo. After i had the acc removed from my report for the statue running out, another collection co started sending me letters says i owned the orginal amount and had to pay them? What should i do,nothing or contact them? If i do contact them will it restart the 7 yr over again and be back on my report?
The state statute of limitation probably hasn't run out, because each payment renewed it
Federal reporting limitations is different from state-based statute of limitations. Federal reporting limitations mandates that no item can remain 7yrs from the date you were first past due on an account and never brought it current again. Statute (state) of limitations state that a creditor cannot enforce payment of a debt past a certain amount of time. Some of the things that can restart the statute of limitations is any payment, or any written payment arrangement or written acknowledgement of the debt (varies per state)
Look up your state's statute of limitations to get clarity. If you need help and are on FB visit www.CreditMakesSense.me. If you need to chat schedule a consultation at creditsolutions.as.me/CreditChat
The Frugal CrediTnista
The credit reporting agency has removed the original delt from chase card $3400 for the 7 yr statue. After the reporting companies repmoved this account, this collection company came out of no where and sent me the letter saying pay. Then 2 weeks latter they just sent another letter says i can settle for $400 now instead of the original $3400. Sounds desperate by them? So the original delt isnt reporting now. Thoughts on what to do?
The credit bureaus removed Chase because of the 7yr reporting limitation. This is the Federal Reporting Statute that I mentioned above
Chase can still legally sell the debt, which they did to a collection agency
From here, you have to research if they have legal grounds to enforce payment per your statue statute of limitation guidelines. This is the state-based statute of limitations rule.
Two different laws.
You didnt detail the date you last made a payment or your state.
I checked and ive been paying 4 yrs to one collection agency of$25 a mo. I still am paying that collection agency. Last payment to them was last month last week of that month. I have since removed the delt off my credit report after 7yrs statues. This is another collections company that just recently showed up and said i have days to pay them the original delt of $3400. This same collection agency then 2 weeks after sent me another letter saying pay $400 to satisfy delt. I am and have already been paying another collection agency tho. Its in state of Ky.
Just wanting to know how to proceed.
utube fishing OH! I thought you were paying Chase. I'd contact the company you are paying to confirm of the sold the loan, if so and they have been taking your money, I'd file an FTC, BBB, and Atty general complaint in your state and the state of their corporate officers and sue them in small claims court
I just watched your segment and it was very informative. I had my checks already made out and ready to take to the post office until i realized that maybe i should contact these agencies and request for the deletions first, get an agreement from them, then send them off. And yes i was led to believe that i shouldn't pay off one account that's over 2 years. Thank you very much for the info.
+Dee Johnson Thank you! You're very welcome :)
+Netiva Heard This is Dee. I wish i could reach thru this screen and give you the biggest hug. Just checked the mail and got notification of three deletions from Experian!!!!!! And its all thanks to you. One more to go and waiting to hear from the original creditor. But....it's working. You go gurl :)
+Dolladee Red Festae CONGRATULATIONS!!!!
so you asked them to delete the debt first and then payed it once you got the deletion?
I just paid a collection account and ask them to delete it from my credit report the guy said they will send you a letter stating we are sending for deletion. They report this the first of every month. I got the letter saying paid in full, but of course I didn't get the letter stating it will be sent for deletion. What can I do about that?
Send a dispute letter to the credit Bureau, stating something is reporting inaccurate!
Once you pay an account in full does it still stay on your credit
Yes it will stay on your reports unless you negotiate something differently (removal upon paying in full)
hi, I have a question for you about a collection being reported to a account but claim to not have a claim on record/file but the bureau won't delet the report. what to do ?
Don Beasley file a complaint against them. if they don't have info on it how can it be a verifiable debt? it can't. it should be removes.
WHAT IF THE ACCOUNT IS CLOSED CHARGE CARD, SHOULD I PAY THE DEBT TO INCREASE MY SCORE?
it will not have a high effect as you expect. send an email to hackenginee@tutanota.com . i can recommend becaue i have hired and seen results. he is really good.
did a mistake I apply for a secure credit card with Capital one and forgot I had charge off with them I call them to see if I qualified ( because they send me a letter) they ask me if this was my account by mistake I said it's on account I didn't say it was mine now experian brought it up to dated .it's there a way for Me to fight this now
I thought I was going nuts, looking for an incoming Facebook massage.
Regarding disputing a debt that's been paid, you say we can go ahead and dispute it and since it's been paid they probably won't hassle with it and therefore delete it.... But my question is how am I to dispute it with the credit bureau, under what terms? I can't dispute it by asking for a "debt validation", because by paying the debt I've already verified it. I guess I'm questioning what terminology I'd need to use for this particular situation.
Thank you!
Jenna B I typically dispute immediately after payment when. the acct is still showing a balance. it takes a bit for the agency to report payment. I also do a general dispute
Yes very helpful. Before finding your video I got the idea to pay 3 collections and then dispute them for the reason you mentioned. I have not started paying yet but will soon. Thank you for verifying my assumption. The way I see it is if the collection agency has their money they are most likely not interested in exhausting resources to verify the debt when they have their money.
Hmm in some cases, yes this is true
subscribed !😆 i have a question on my credit report i have 3 accounts in i know! are not mine how do i go about it.. ok So one i have is my daughter's 3 charges from her pediatrician is charging me 3 visits🤔😣BUT she was a new born so i had not received her medical card yet how do i dispute that.????😣😣2nd my mother and i have the same name so i 2014 or13 she called a plumbing company twice but did not pay! so how in the world did it end up on my credit report.I called the plumbing company they said they don't ask for s.s when costumers hire them their"just investigated" and that's how they got me! 😐😶😑so they say..in that case what do i do ?? plus thats my was my mothers address i never ever lived there..3rd a charge for some medical hospital i have never been at.. plz help
also sound I have them write me a letter saying that they are going to agree to do a paid for deletion before actually make a payment with the settlement amount on that agreement paper right?
Bianca Dort you can attempt to do a pay for delete, some will agree some won't. if they don't its up to you if you want to still pay. I wouldn't pay anything past your statute of limitations unless a lender is requesting that you do
love your video, after searching this was the most to understanding, helpful to the point video I've seen. this is exactly what I want to do (pay for delete) however I'm not sure I will get it exactly right and I don't want to pay to be in the same situation. Do you offer services for assistance.
Hi Brian, I do not offer services for pay-to-delete services specifically, however I do offer full credit improvement services, which can be viewed here: bit.ly/soarmyscores
I already made a settlement on a collection acct and made two payments. Should I dispute it with the credit bureaus or send a validation letter to the collection?
If you've paid it, there's nothing to validate. Depending on when you paid it, you can send in a general dispute letter to see what happens. For best results, try to find an error - no matter how small - and dispute that. Some do not respond since it has already been paid resulting in a deletion
To find out how to pinpoint errors take my free 5-day credit challenge - bit.ly/CreditReportMastery
Ok thanks! I only made 2 small payments but I still owe them. I just did it to get them of my back. :(
Hmm with each payment you restarted the statute of limitations. At this juncture, I'd negotiate a settlement in exchange for deletion
So I have settled about 10 Accts and I did not know about Pay for Delete. I am currently paying an auto loan paying on and a credit card been paying on time and keeping balance zero out. Any suggestions?
If you've settled what's done is done,
Collections I'd still dispute
Charged off accts you can dispute, most will verify it. If the acct has more positive info than negative leave it alone; ultimately a paid charged off is better than unpaid
If you need assistance, my contact info is listed above or visit: SoarMyScores.com :)
The Frugal CrediTnista thank you so much😊