Anyone had any luck with pay for delete letters?

For just about anything you want to get off your chest about credit cards.
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dmband
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Anyone had any luck with pay for delete letters?

Postby dmband » Thu Jan 27, 2011 3:18 pm

I am going to be sending out a bunch hopefully they'll bite I really don't see why they wouldn't especially if I'm going to offer the full amount.


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Mogul of Pineapples
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Postby Mogul of Pineapples » Mon Jan 31, 2011 1:46 am

No but I saw this on the bottom of a sample pay for delete letter-

Notice: This agreement is restricted. This is not a renewed promise to pay, but rather a restricted settlement offer only. By not signing below, you agree that the debt has not been renewed nor have any concrete written agreements beenexchanged.


That's interesting but I wonder those things hold true because they are written on the letter?
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dmband
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Postby dmband » Mon Jan 31, 2011 2:11 pm

They probably don't but I am not going to send in payment unless they send back a written letter saying they agree to the terms.

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Mogul of Pineapples
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Postby Mogul of Pineapples » Sun Feb 06, 2011 6:59 pm

That is a smart approach for sure. You can't always trust these companies so make sure everything is in writing before payment is sent. It would really be a drag to pay all that money and still be left with that on your credit report.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

Current Cards:
American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
Primary Everyday Card: American Express Blue Cash
Primary Travel Card: Chase Sapphire Preferred



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