Is it hard to work with collection companies to pay off the debt & get them to agree to remove the bad report?

Does anyone have experience on working with collection companies on paying off an old debt %26amp; getting them to remove the bad reporting off your credit report?


Thanks!

Is it hard to work with collection companies to pay off the debt %26amp; get them to agree to remove the bad report?
Yes, I called the company that I owed $250 to and ask them would they remove the collection from my credit report for exchange of me paying the bill in full and they said yes then 30-45 days later my score went up 29 points. That was years ago my score is now 731.
Reply:I'm sure you can work with them to pay the debt off, but once you are on a bad credit report, you can't get it wiped for several years.
Reply:Hi,


I used "Credit Solution" to settle my debt and improve my credit score.They managed to reduce my debt up to 58% .It's legitimate.I came across this company on NBC News Special Edition.Check it out here:


http://simurl.com/veczig
Reply:You want to write a Pay For Delete Letter. The companies want their money so they may, as an act of goodwill, agree to remove your history in order to get paid.





Here is an example





Collection Agency


1212 Maple St


City, State Zip





Re: Collection Account for Original Creditor Account #: 00000xxxx





Amount: $25.00





To Whom It May Concern:





In the spirit of compromise, I am willing to pay this account IN FULL (or settlement percentage) if you agree to immediate deletion of this account from any and all credit reporting agencies (Equifax, Experian and TransUnion). The purpose of this settlement is merely to have this item removed from my credit files. It is 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 twenty-five dollars ($25.00) 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.





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, 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 you agree to the above terms, please prepare a letter on your company letterhead explicity agreeing to the same terms as the above settlement offer and have it signed by an authorized representative of Collection Agency. It will be implied that this letter shall constitute a legally binding contract, enforceable under the laws of my state.





Your response must be postmarked no later than 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.





Please address all correspondence regarding this account to:





You


123 Any Street


City, State Zip
Reply:Is it hard? No, not really. Ultimately you always have the upper hand as you have the money they want.





They might resist at first, but ultimely a collection agency will agree to remove their listing in order to get paid.