Pay For Delete Agreement Letter
How To Use Pay For Delete Agreement Letter
Purpose:
This letter is used to negotiate the removal of a collection or delinquent account from your credit report in exchange for payment. It asks the creditor or collector to agree — in writing — to delete the account after receiving payment. When to Use:
Credit bureaus discourage pay-for-delete arrangements, but many collectors will agree privately if approached professionally. Always require written confirmation before sending any money. Tip:
Do not admit liability in the letter. The purpose is negotiation, not acknowledgment of the debt’s validity. Keep all correspondence as proof of the agreement.
This letter is used to negotiate the removal of a collection or delinquent account from your credit report in exchange for payment. It asks the creditor or collector to agree — in writing — to delete the account after receiving payment. When to Use:
- You have a collection or charged-off account that you are willing to pay, but only if it is deleted from your credit reports.
- You want to improve your credit score by removing negative items.
- You need written confirmation before sending payment.
Credit bureaus discourage pay-for-delete arrangements, but many collectors will agree privately if approached professionally. Always require written confirmation before sending any money. Tip:
Do not admit liability in the letter. The purpose is negotiation, not acknowledgment of the debt’s validity. Keep all correspondence as proof of the agreement.
How To Use Form Generator
See the example of the form generator. Fill in your details on the left panel of the form. Once you have completed, select the Generate Letter button, and your form will appear in the right side panel. Print or Save your form as a PDF.8
