How to get a collection REMOVED from credit report

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Bobzig
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How to get a collection REMOVED from credit report

Postby Bobzig » Thu Jul 26, 2012 7:00 am

I'm looking for a strategy on how to get a collection account removed from my credit report. Does anyone have any experience on how to get the company to agree on terms to delete the account in exchange for payment? I've been making payments so far and am left with a 2k balance. I would much rather have it removed to help my credit score than for it to stay as "paid in full."
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MemberSince99
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Postby MemberSince99 » Thu Jul 26, 2012 8:09 am

Bobzig wrote:I'm looking for a strategy on how to get a collection account removed from my credit report. Does anyone have any experience on how to get the company to agree on terms to delete the account in exchange for payment? I've been making payments so far and am left with a 2k balance. I would much rather have it removed to help my credit score than for it to stay as "paid in full."


Ask them if they will remove it if you pay them in full now. Get it in writing. All you can do is ask as they have no obligation to do that. And if you are asking for a favor, it's better to be nice than nasty.

talisman
 
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Postby talisman » Mon Nov 05, 2012 4:47 pm

I have a question about this. I have a collections account with NCO Financial. They (verbally) agree to have it removed now that I've paid in full. They say to send my "paid info letter" to the credit bureaus, indicating that it's paid and that I dispute it.

What should I include in my letter to the CBs to make it clear that it should be removed and not merely marked "paid?" I know it's up to NCO Financial to confirm with them, but does it matter what I write in my letter? If I admit that I've paid it, doesn't this make it more likely that it will get marked "paid" rather than removed, regardless of what NCO says?

talisman
 
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Joined: Mon Nov 05, 2012 4:44 pm
Location: Seattle, WA

Postby talisman » Tue Nov 06, 2012 2:00 pm

I should also point out that the whole thing is the result of an error. After moving out of an apartment, the electricity company kept billing me without my knowledge.

When I finally found out, I paid it off -- or so I thought. The money ended up in another account (which went to a state holding account), and this bill went to NCO, who I never heard from as I had moved.



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