otter wrote:It's one thing to never report an account which is derogatory. It's another thing to report it and then remove it in exchange for payment.
Afaik it is completely legal, I couldn't find any law or FTC regulations that stipulate when an account is reported it can't get deleted or that a deletion requires legal justification. Everything seems to point that furnishers decide when and if to report and only that the info reported is accurate.
flan wrote:Right, but deleting it requires that you give a reason. All of the permissible reasons are variations of "we made a mistake" (wrong person, wrong amount, bookkeeping error, etc). There is not one for "we got paid, so who cares?". PFD is against the rules at the CRAs, but it's very hard to enforce, because collection agencies make so many mistakes and have legitimate reasons to delete accounts. (Also, the other thing that many CAs do, even the ones that don't do PFD, is not verify disputes filed against paid accounts, which has the same effect.)
You're referring to the dispute process which is different. To dispute info reported, you need to make a claim it is inaccurate so those choices reflect that. However if you talk to the furnisher directly and they simply agree to remove, they will submit the removal and no dispute is needed.
I agree with you both on the topic, PFD and goodwill deletions are questionable when related to the removal of accurate negatives but afaik it is within discretion for them to do so :/