Delete Mark into the Funding Agreement

Aug 6th, 2022
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How to Delete Mark into the Funding Agreement

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alright hey everybody so todays video is gonna be a little bit different I wanted Mike to just kind of bust out the camera and were gonna take a look at a very interesting event that just happened to me last Friday so just a few days ago I ended up receiving a notice from a my credit monitoring through Credit Karma which is the credit monitoring service that I always recommend you start with and it says that I have a collection account now this is news to me and I think coincidentally kind of falls in line with what we were talking about from our video two weeks ago and we also released a video that said never ever pay collections just a couple short months ago and and its its taken off youve already had a hundred thousand views on it so I thought this would be a terrific opportunity for us to just kind of I want you to tag along Im gonna docHub out to the collection agency and were gonna see if we can get this thing not just paid but paid and removed from the credit report so I

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If you are able to get a pay-for-delete from a collection agency, it may help your credit. But the delinquent account with the original creditor will still remain on your credit report. A collection account paid in full reflects better on your credit report.
Typically, your debt history will stay on your credit report for seven years even after you pay it, but pay for delete is a process meant to remove the account sooner. This may seem like an effective way to improve your credit score, but the strategy is discouraged under the Fair Credit Reporting Act.
A pay for delete letter is a negotiation tool intended to get negative information removed from your credit report. Its most commonly used when a person still owes a balance on a negative account. Essentially, it entails asking a creditor to remove the negative information in exchange for paying the balance.
A pay for delete letter is a negotiation tool intended to get negative information removed from your credit report. Its most commonly used when a person still owes a balance on a negative account. Essentially, it entails asking a creditor to remove the negative information in exchange for paying the balance.
Do pay for delete letters actually work? While you may not be successful in convincing a debt collection agency to comply with a pay for delete request, it cant hurt to try. However, its important to wait for written confirmation that a collection agency has accepted your offer before you proceed with payment.
Typically, your debt history will stay on your credit report for seven years even after you pay it, but pay for delete is a process meant to remove the account sooner. This may seem like an effective way to improve your credit score, but the strategy is discouraged under the Fair Credit Reporting Act.
As a result, pay for delete is really iffy, even if a collector says theyll do it. They may remove the collection account from your report right after the settlement. However, then it can reappear later. If it does, you have no legal recourse because the collection account was reported accurately.
Here are a few easy things you can say right away once youre on the phone with your creditor: Ask for a pay for delete. Offer lower payment to your creditor. Negotiate with them and agree on a figure to settle on. If you can afford to pay your creditor in full, do so.

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