Credit Pay For Delete Letter

Credit Pay For Delete Letter

This Credit Pay For Delete Letter [PFD] Sample can be used when you want to request a settlement deletion  in your credit account. Sometimes, a collections company will offer to delete a charge off or a collection on your file and then once it is removed the company promised to delete the item. Remember: this is at the discretion of the collection agency and that they aren’t required to agree to your offer.

Sample Credit Pay For Delete Letter

[ XYZ ] Collection Agency
2121 Jump Street
City, State Zip

Re: Collection Account for Originating Creditor Account #: xxxxxxx

Amount: $100.00

Dear Representative:

This letter is to notify you that the validity of this debt is disputed. I am unaware of the account number, as I believe I have never heard from your company regarding this account. The account number I have is the one listed on my Equifax credit report – which omits the last four digit numbers.

To compromise, I am willing to pay x% of this account if your company agrees to immediate deletion of this account from any and all credit reporting agencies (Equifax, Experian and Trans Union). The reason for this settlement is to have this item removed from my credit files. It shall not to be construed as an acknowledgment of liability for this debt in any form.

If you agree to the terms and accept this agreement, certified funds for the settlement amount of one hundred dollars ($100.00) will be sent to Collection Agency in exchange for full deletion of all references regarding this account from my credit files and full satisfaction of the debt. As certified funds will be used for payment, there shall be no waiting period regarding the deletion of this account from the credit reporting agencies.

[XYZ] Collection Agency agrees to delete ALL information regarding this account from the credit reporting agencies WITHIN TEN CALENDAR (10) DAYS following receipt of payment as specified above and will not discuss the terms of this settlement with anyone, excluding your client on this account. If contacted by any third party, including credit-reporting agencies, [XYZ] Collection Agency will not acknowledge that any settlement offer was made, accepted or executed and will, in fact, deny knowledge of any such account.

If your company agrees to the above terms, please prepare a letter on your company letterhead explicitly agreeing to the terms in the above settlement offer and have it signed by an authorized representative of [XYZ] Collection Agency. This letter shall constitute a legally binding contract, enforceable under the laws of my state.

Your response must be postmarked no later than fifteen [15] days from your receipt of this settlement offer or this offer will be withdrawn and I will request full validation of this alleged debt, as provided for by the Fair Debt Collection Practices Act.

Sincerely,

Your Name
123 Credit Educated Street
City, State Zip