okdude Posted March 12, 2005 Report Share Posted March 12, 2005 I have decided to pay a collection I found on my credit report since I am not a 100% sure I had paid for it. I found a letter on this website and was thinking rewording a part. I was wondering if this wording make sense or if someone can provide a better sample agreement letter to remove collection account from CR upon payment. Thanks for helping.This is the part I am changing, does it make sense?I will pay your company the amount of $xx as payment in full for the full satisfaction of this account. Upon receipt of the above payment, your company has agreed to remove the entry on my credit reports. You further agree to remove all previous notation of delinquency.If you concur with these terms please acknowledge with your signature and return it to me. You agree the terms herein are confidential and you have the authority to make such decisions. No payment will be made without written confirmation. Link to comment Share on other sites More sharing options...
okdude Posted March 12, 2005 Author Report Share Posted March 12, 2005 I have decided to pay a collection I found on my credit report since I am not a 100% sure I had paid for it. I found a letter on this website and was thinking rewording a part. I was wondering if this wording make sense or if someone can provide a better sample agreement letter to remove collection account from CR upon payment. Thanks for helping.This is the part I am changing, does it make sense?I will pay your company the amount of $xx as payment in full for the full satisfaction of this account. Upon receipt of the above payment, your company has agreed to remove the entry on my credit reports. You further agree to remove all previous notation of delinquency.If you concur with these terms please acknowledge with your signature and return it to me. You agree the terms herein are confidential and you have the authority to make such decisions. No payment will be made without written confirmation. Link to comment Share on other sites More sharing options...
Valkyrine Posted March 12, 2005 Report Share Posted March 12, 2005 I would state:I will pay your company the amount of $xx as payment in full for the full satisfaction of this account. Upon receipt of the above payment, your company has agreed to remove the entry in its entirety from all of my credit reports. If you concur with these terms please acknowledge with your signature and return it to me. You agree the terms herein are confidential and you have the authority to make such decisions. No payment will be made without written confirmation. If you are settling for a lesser amount, you may aslo want to include a clause that states they cannot sell the remainder of the debt.JMHO Link to comment Share on other sites More sharing options...
Valkyrine Posted March 12, 2005 Report Share Posted March 12, 2005 I would state:I will pay your company the amount of $xx as payment in full for the full satisfaction of this account. Upon receipt of the above payment, your company has agreed to remove the entry in its entirety from all of my credit reports. If you concur with these terms please acknowledge with your signature and return it to me. You agree the terms herein are confidential and you have the authority to make such decisions. No payment will be made without written confirmation. If you are settling for a lesser amount, you may aslo want to include a clause that states they cannot sell the remainder of the debt.JMHO Link to comment Share on other sites More sharing options...
Champion80 Posted March 12, 2005 Report Share Posted March 12, 2005 Yes do something to the effect Val has suggested, do not by any means send a check with the agreement, a chance you will be screwed.. For a little experience in the area of getting a delete with a paid collection search the posts by me and you will find a couple fully explained situations where I got a deletion with payment.. Good Luck. Link to comment Share on other sites More sharing options...
Champion80 Posted March 12, 2005 Report Share Posted March 12, 2005 Yes do something to the effect Val has suggested, do not by any means send a check with the agreement, a chance you will be screwed.. For a little experience in the area of getting a delete with a paid collection search the posts by me and you will find a couple fully explained situations where I got a deletion with payment.. Good Luck. Link to comment Share on other sites More sharing options...
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