Kat99 Posted April 10, 2007 Report Share Posted April 10, 2007 Hi all, I have been glued to this board for about 3 weeks straight now and want to dive into my credit repair once and for all but I have read so many conflicting posts that I just dont know which is the best way. Here is my history:FICO: EX/597 TU/576 EQ/5833 negative TLs and all 3 are with CAs with an amout owedI have online disputed and all have come back as "remains"These are my bills and I am more than willing to pay them so long as they get deleted. In total, they are under $500. Can someone plzzzzz tell me which is the best route. I have read the primer on credit repair at least 100 times and about 2000 posts and still dont feel comfortable to the point of moving forward. Oh, these are all from 2004. If the answer is to write and ask for a delete after payment then who do I request it from, the OC or the CA. Oh, pls someone help. Link to comment Share on other sites More sharing options...
willingtocope Posted April 10, 2007 Report Share Posted April 10, 2007 Okay, here's what I'd do.If the OC still owns the debt (if their TL on your CR does NOT say "sold to another lender"), call the OC. Say "...oh gee whiz, golly, really sorry, found you on my credit reports, can I pay you now...really like you guys...and, oh, by the way, can you tell the CA to go pound sand?". Pay them. They might mark your reports "Paid in full"...unlikely they would delete.If the debt has been sold...then write a letter to the JDB (note...that might be different than the CA) and offer payment in full if they will delete their TL from your reports and return a signed copy of the letter to you. If they won't delete, you really have no reason to pay them. Having a JDB/CA on your reports is a bad thing whether they're paid or not. Link to comment Share on other sites More sharing options...
hopen4800 Posted April 10, 2007 Report Share Posted April 10, 2007 I've also used the Restrictive Endorsement letter effectively in Cali. Put Restrictive Endorsement in the search box. But the basic process is this. Send Cmrrr letter to OC or CA (to whomever owns the paper). State that by accepting payment in full they agree to remove the TL (or report as Paid as Agreed). They need 15 days to decide if they'll accept or not. After 15 days send'em the $. Probably not a personal check but a money order with a recap of the restrictive endorsement on the check (sides, back, whatever), and a copy of your first letter stapled to the check(you've made copies of all this, right?). When they cash the check they've entered into a contract with you on your terms. They may or may not then live up to the terms but then you start in on the CRA's with your dispute and contract in hand. If they don't reply and cash the check, you win! Peace Link to comment Share on other sites More sharing options...
hiblues Posted April 10, 2007 Report Share Posted April 10, 2007 I would read this post, I just deleted per REhttp://www.debt-consolidation-credit-repair-service.com/forums/showthread.php?t=265693also, here is the law for Cali..http://caselaw.lp.findlaw.com/cacodes/civ/1521-1526.htmlit states near the end that you have to give them 15 days notice of an RE. Link to comment Share on other sites More sharing options...
Kat99 Posted April 10, 2007 Author Report Share Posted April 10, 2007 Thanks so much for the info/advice. I think I will read up and start taking some action. Its amazing how one little $50 baddie can cause a person to be penalized for 7 yrs - just doesnt seem fair but I know that is the law. Link to comment Share on other sites More sharing options...
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