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rbwazmotown

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I have saved money to pay off about $6500 in credit card debt. Pay off in full or negotiate lower?
I have money to pay off about $6500 in credit card debt at one time. Should I submit "pay for deletion letter's" to these companies and ask for written response to these accounts? They are already in collections. I have heard that once you pay these accounts they are new negative entries on your credit report, either way. Anybody know for sure out there? Thanks very much!

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if the accounts are old enough

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you could do "an offer and comprimise" paying off a part of the balance that the creditor aggrees to and they write off the differance.  You would need to contact them, Make an offer and agree on a settlement, and make a "pay to delete" part of the agreement. that way once you do pay them off it will be deleted from your Credit report.  Get the agreement in writing before sending any money. They are notorious for "forgetting" what they agreed to if they don't write it down.

Good Luck

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