How To "Pay For Delete"

[Trish]

Definitely send CMRRR. You need to be able to track it and have proof that they received it......and with CMRRR you even have a signature so you know who signed for it/received it.

For a CA, I would do a cashier's check......that way you're not giving them your banking info. Then also if they send it back, you should be able to get your money back (with a M.O. I'm not so sure).

For an OC, it's ok to send a personal check.

[CreditCrisis]

I added some to the end of my letters. good move?

"Please note that cashing the enclosed check will bind you to the terms set forth in this letter. Any changes made to this document or the enclosed check, will be in violation of this agreement and will be terms for me to cancel payment and make this contract null and void."

[Trish]

Originally Posted by CreditCrisis

I added some to the end of my letters. good move?

"Please note that cashing the enclosed check will bind you to the terms set forth in this letter. Any changes made to this document or the enclosed check, will be in violation of this agreement and will be terms for me to cancel payment and make this contract null and void."

I think it looks good!

[jjgross]

Originally Posted by CreditCrisis

I added some to the end of my letters. good move?

"Please note that cashing the enclosed check will bind you to the terms set forth in this letter. Any changes made to this document or the enclosed check, will be in violation of this agreement and will be terms for me to cancel payment and make this contract null and void."

I would change document to agreement.:D

[CreditCrisis]

good thinking

[Tater]

Trish,

This is a very interesting thread but I'm a little confused about the "modified" law as I live in Ohio. A few years ago, I fell behind on some credit card payments due to job loss and a couple of them were charged off. I made payments to two of the original creditors on what I owed. I also made a final payment to each with paid in full on the check. I have copies of the cancelled checks still. I tried to get one of the accounts removed or updated on my credit report but states they don't have to accept the payment in full and they are saying I still owe them over $200 which I guess is racked up interest and late fees. Do they have to follow the laws of the state that I live in?

[jjgross]

Originally Posted by Tater

Trish,

This is a very interesting thread but I'm a little confused about the "modified" law as I live in Ohio. A few years ago, I fell behind on some credit card payments due to job loss and a couple of them were charged off. I made payments to two of the original creditors on what I owed. I also made a final payment to each with paid in full on the check. I have copies of the cancelled checks still. I tried to get one of the accounts removed or updated on my credit report but states they don't have to accept the payment in full and they are saying I still owe them over $200 which I guess is racked up interest and late fees. Do they have to follow the laws of the state that I live in?

If its a cc according to their little booklet they don't have to honor a paid in full letter if it doesn't satisfy the debt.

[mertzj]

I used a debt settlement company and settled 4 out of 6 accounts before I found this sight. I want to pay off the last 2 next month when i get my taxes back and was wanting to PFD but I live in Missouri. I'm thinking I will get a settle agreement from them first then add my pay for delete agreement? But of course I am working with CAs not the OCs so I am guessing that it is the CAs reporting? Maybe I will state that the OC and CA must delete? I will be doing this the first week of Feburary and will let everyone know how it works out. By the way one is a repo for 8k and a cc for 4k so I definitely want the repo gone.

[dizzypeach]

Hi from New York here. I have several small debts that the OC is not posted on my credit report but the CA is reporting. Two questions:
1. For the accounts I do not have a final balance for, are there sample letters to OC that I can use to obtain my balances for?
2. For those accounts I do have final balances for, can I use the previously posted letters to send full payments and if so, being that the original creditor isn't posting on my credit report but the CA is, will the CA be deleted off my report?

Thank you

[jamie1211]

what does CA and OC stand for ??