This is an archive from some shady ass HOE I have the misfortune of knowing.Bitch aint about a damned thing other than herself! Its CUNTS like this that make the economy as fucked up as it is….
READ this and LOOK at the slick she is trying to pull on the Finance companies.
I was hoping I could get some advice from you more seasoned vets. I have about 14 negative accounts which are past the SOL and going to hit the 7 year mark for deletion in April 2014 which is super exciting news. I have been working on building my credit over the last year with 2 secured cards and have had no late payments, while maintaining <30% utilization and my score has improved maybe 40 points. Its still pretty terrible. I havent checked out my new FICO b/c i figure I will wait till April and see what if any improvements there are when the majority of my derogatrory accounts fall off, but I’m in the high 500s low 600s range atm.
My main concern is that in addition to about 30k debt that is going to fall off soonish, I have 5 negative accounts from maybe 2-3 years ago totaling about $2400.
I was hoping for some advice regarding these newer accounts. I’m doing much better with my finances and wanting to buy a home with FHA, but I’m concerned about mortgage rates due to my subpar credit history.
I have been considering an attempt at PFD offers. I moved from Illinois to Indiana when these new debts were incurred so I never recieved any collection notices, but I am pretty sure they are accurate. The CAs are as follows:
Armor Systems/CBE Group/Enchanced Recovery/NCC Business Services INC/Custom Collection Services INC
Anyone have any experience with these CAs?
Do you guys reccomend I send PFDs on debt I can afford to pay in full right away just incase they refuse and I have issues? Should I go the DV route first? Should I wait till April, or get the ball rolling on whatever i can afford right now?
If my offers are refused are they going to renew these debts? I dont want to wake a sleeping giant, but i want to get into a home asap!
Thanks for any assistance you can provide!
I’m considering the following PFD template. How does it look?
Example of a Pay for Delete Letter
Collection Agency Name
Collection Agency Address
Collection Agency City, State Zip
Account #: xxxxxx (your account number)
Amount: $___________ (amount you owe)
To Collection Manager:
This letter is to inform you that the validity of this debt is disputed. I am unaware of this account and have no verification this debt is mine. I only know of this account based on it being reported in my credit report(s). As we both know, I have the right to dispute this account, request for verification, and/or request for validation of this debt. However, in order to quickly resolve this account, I am willing to pay $________, if you agree to delete this account from any and all credit reporting agencies. Please do not quote to me that you are unable to do this, I am aware of both your rights as well as my own. We both know you are the source reporting this account and have the absolute right to report it, not report it, or delete it from all reporting agencies. The purpose of this settlement is merely to have this item removed from all reporting agencies. We are both aware that paying this unverified debt is no benefit to me unless we can agree on the terms. I am sure you are aware that paying a collection account does not bode well on a credit report and that merely having a collection on a credit report will have a negative impact whether paid or unpaid.
Please Note: This is not an acknowledgment of liability for this debt in any way or form. If there is any confusion about my position on this alleged debt, please refer back to the first paragraph of this letter in which I state: “I am unaware of this account…” That being said, let me be clear, this is NOT: a promise to pay, a renewal, an admittance to this debt, or in any way me agreeing this debt is mine. This is a restricted offer only.
If you agree to the terms and accept this agreement, I will send you certified funds immediately after I receive this signed agreement. The funds will be sent only if in exchange for it, you are agreeing to the terms set forth in this agreement and will be deleting this account from all reporting agencies. This debt will be considered satisfied, there will be nothing more owed, nothing further to collect, and you will consider this a closed, satisfied account. Again, ALL references regarding this account must be deleted from ALL reporting agencies. Since certified funds will be used for payment, ALL information about this account WILL be removed from all reporting agencies within 15 calendar days of receiving the funds.
(Collection Agency Name) agrees to delete ALL information regarding this account from ALL credit reporting agencies WITHIN FIFTEEN (15) CALENDAR DAYS following receipt of payment as specified above and will not discuss the terms of this settlement with anyone, for any reason, excluding your client on this account. If contacted by any third party, including credit reporting agencies, (Collection Agency Name) will not acknowledge that any settlement offer was made, accepted, offered, or executed and will deny knowledge of any such account.
If you agree to the above terms, please sign (by an authorized representative of (Collection Agency Name) this agreement below, print (clearly) the name of that signature, and provide the position held by the one signing this agreement. It will be implied that this letter shall constitute a legally binding contract, enforceable under federal, state, and local laws. Please also include with this signed agreement a company letterhead stating you received and agree to this restricted offer and the terms set forth within it.
Your response must be postmarked no later then 15 Days from your receipt of this settlement/agreement offer OR this offer will be withdrawn and I will request full validation of this alleged debt, as allowed by the Fair Debt Collection Practices Act. If you decide to decline this offer, and begin calling about this alledged debt, expect the next letter from me to be a Cease and Desist letter, attached with it, a request for Full Validation. Thank you for your time.
Print Name of the above signature
Title or Position held
Please send this agreement, your company letterhead agreement and all other correspondence regarding this account to: