Americredit? Deletion? Settlement?

[jjgross]

Originally Posted by CreditCrisis

well that amount would pay the account off. i wouldnt have a chance to screw up again. lol

So true but not without an agreement to remove it first.

[CreditCrisis]

they just sent me a letter today that says it may be an item involved with identity theft? should i roll with it?

[jjgross]

Originally Posted by CreditCrisis

they just sent me a letter today that says it may be an item involved with identity theft? should i roll with it?

I would check into it,you may have to file a police report!

[CreditCrisis]

Originally Posted by jjgross

I would check into it,you may have to file a police report!

hmm...i'll just see where the settlement and deletion request gets me..i dont want it to bite me in the butt :p

[CreditCrisis]

okay, so it turns out this may be the one major account holding me back from obtaining a home loan... so i am sending them this PFD letter tomorrow. please advise asap so i can have some input on whether or not i should send it. thanks

Americredit
801 Cherry Street, Suite 3500
Fort Worth, Texas 76102

Re: Acct # 000000

To Whom It May Concern:

I am sending this payment via certified mail to ensure that you receive it.
Enclosed please find a money order from Todd and Amber in the amount of $250.00 made payable to Americredit financial

By cashing this money order or by not returning the money order within 10 days of receipt, Americiredit agrees to the following terms:

1. Acct # 00000 is considered paid in full for both Todd and Amber and the account and all information will be removed completely from Todd and Amber credit reports within 15 days of cashing the money order.

2. Remittance is payable ONLY to Americredit and may not be signed over or transferred to any third party collection agency.

3. The debt will be recalled from any collection agency and any collection activity will cease and desist.

If these terms are agreeable to the aforementioned parties, please accept the enclosed money order of $250.00

Please note that cashing the enclosed money order will bind you to the terms set forth in this letter.



Best Regards,

Todd and Amber

[CreditCrisis]

i wanted to get this out today...any one want to give any advise on this letter?

[jjgross]

Originally Posted by CreditCrisis

i wanted to get this out today...any one want to give any advise on this letter?

Sounds ok to me.

[CreditCrisis]

okay, i still have mailed out my PFD letter and check.

the amount i owe is rouhgly $5,000... i am wondering what i should try to send to ensure the deletion?

should i put a short time limit on it saying "if you do not return the check by 20 days you accept the terms" or should i put something less? or even more?

i just want to make sure this is as fool proof as possible! i am going to try to offer them $500. i am sure that they sold the account for less than that! they already sold the car!

please help?! Someone? Chane? some of your "tough love" might be what i need for this :D

[94B]

Originally Posted by CreditCrisis

the amount i owe is rouhgly $5,000... i am wondering what i should try to send to ensure the deletion?

Ensuring a deletion...... with Americredit is wishful thinking. They won't budge regarding lates on PIF accounts. I highly doubt they will remove/delete the account.

You pretty much got your answer already below:

Originally Posted by CreditCrisis

So I went on to ask if they would delete the account once they receive the settlement. She said no, it would be updated as “Pays as agreed”, which I don’t think is accurate. I went on to explain that I know that they have the capability to delete it, but asked if it was just their policy to not delete. She said yes, they do not delete once satisfied.

[CreditCrisis]

Anything that does not come with a guarantee is “wishful thinking”. But I will always wonder, if I don’t try.
I will be sending a PFD letter with a check for $500 to americredit today. I am going to overnight.

Wish me luck!