Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!


Posted in Credit Report
Profile Image

Question By

0 Contributions
0 People Helped
Negotiating with collections agencies to remove collection record?
I would like to negotiate with a collection agency to remove the collection from my credit report in exchange for a full repayment. Is this possible? How do I make them willing to do so?

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

All Responses

Results 1-2 of 2Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
38 Contributions
9 People Helped

collection removal

I've read some things on the internet able pay for delete but it to get something in writing which is the hard part.  You might want to try the validation letters first as that is the first action you should take with a collection agency.

My suggestion is to do some studying on the subject. It really all depends on how old your collections are. If they are new collections it might work with the pay for delete method. If they have been in collections a few years you can settle with their settlement letters. This will get them to stop calling you at least. But here is the thing keep all receipts and settlement letters for you records. The collections agencies if they bought your debts tend to sell of the balance owed. This is why you keep all receipts and letters for proof. You do have a statute of limitation also on debts and you should find out what limitation your state offers. Once over the statutes of limitation they cannot sue you for the debt. Though they will still try to calll you to collect or send you letter.

good luck on everything

Top Contributor
227 Contributions
84 People Helped

how would you know unless you called them? that's the first step. call and ask what their pay for delete policy is. some do it, some don't, it's as simple as that. i used to negotiate with some of these companies for people, and they will be tough on you on the phone. don't be afraid to tell them to pound sand! tell them listen up, maybe i pay you, maybe i don't. but if i do, what are you going to do for me? tell them you'll be more than happy to wait the seven years and let them go away into obscurity. also check your states statue of limimtations. these companes do have the right to file judgement against you in court, within a certain time frame. for smaller accounts, they usually do not, because filing judgements cost attorneys and money. call them and know what you're talking about. be firm and be very clear what you want from them in exchange for paying the debt. and i'd err on the side of not admitting anything. if they start asking questions about "are you confirming this debt is yours" do not answer them directly. be vague about it, but never admit anything to them!!  get back to negotiating a payoff. and get everything in wiriting. 

Results 1-2 of 2Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.


Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.