2006-06-06 15:18:18 · 3 answers · asked by harrison t 1 in Business & Finance ➔ Credit
Before you send them any money, demand the agreement in writing. Have them fax the agreement to you before you give them any financial info. Once you have the agreement stating they will settle for a certain amount, make sure that you pay them in such a way that you can prove (personal check, copy of cashier's check, etc.) This allows you to show that you paid according to the agreement, even if they never send you a "paid in full" statement. (MOST WONT SEND IT!)
Then send that info to the credit bureaus for an update. You now have all the proof you need. Always keep a copy for your records, just in case the creditor still sends the account to collections (which can happen, even if by mistake.)
2006-06-06 17:27:33 · answer #1 · answered by Anonymous · 1⤊ 0⤋
The company that you are paying to has to send you a statement every months staying how much you pay and shows your balance on date, if the do not send it, you must request for it.
2006-06-06 22:24:01 · answer #2 · answered by flowermieses@verizon.net 3 · 0⤊ 0⤋
ed has this correct! vote him the best answer!
2006-06-07 12:06:26 · answer #3 · answered by golferwhoworks 7 · 0⤊ 0⤋