Michael Petruccelli
says; It’s called pay for delete, and here is a sample letter you can use:
Name of Collection
Agency
Address of collection agency
Address of collection agency
Re: Collection Account
for Original Creditor Account Number
Amount: $50.00
Amount: $50.00
Dear Sir or Madam,
I am disputing the
validity of the debt referred to above. I am not aware of the account number
and you have not informed me of the existence of this account.
I am willing to pay
this account IN FULL (or a settlement percentage, whichever is feasible) if you
agree to immediately delete the account from the credit reporting agencies
(namely Equifax, TransUnion and Experian) that you have reported to, and
validated this account. My sole purpose is to get this item removed from my
file. This letter should not be interpreted as recognition of the debt or
acknowledgment of liability for the debt.
If you accept the
terms of this agreement, the certified amount of $50 will be sent to your
collection agency provided there is complete deletion of any reference to the
debt from my file on all the credit bureaus that you have reported to, and the
debt is validated. As the full amount demanded will be paid back, there should
not be any waiting period to delete this item from the reporting bureaus.
Your agency should
delete all information regarding the account from my credit files within 10
business days from the receipt of the payment, as mentioned in this agreement.
The terms of this agreement will not be discussed with anyone but the original
creditor. No third party will be informed if contacted and no acknowledgment of
the debt, any kind of payment, or settlement will be discussed if I am
contacted by the Reporting Agencies.
Following the
acceptance of the agreement, please prepare a letter on your company letter
head unambiguously agreeing to the aforementioned terms and conditions and have
it signed by your agency’s authorized signatory. This letter will imply a legal
contract, enforceable under my state law.
If I do not receive an
approval letter within 15 days of your receipt of this letter, I will withdraw
this offer.
Please communicate
regarding this account to the address mentioned below.
Your Name
Your Address
State Zip Code
Your Address
State Zip Code
