Is it better to call or write the Creditor and tell them you will pay off the balance if they change your account status? Should you get confirmation in writing? I have a few accounts in negative and I would like to get them paid off.. Would that help my score? Does it matter?
2006-08-23 06:32:32 · 6 answers · asked by Kristi 2 in Business & Finance ➔ Credit
First rule of thumb when dealing with creditors or collectors for negative debts is to - Stay Off Of The Phone !!!
Do everything in writing and send it certified mail return receipt.
You did not mention if you are dealing with the original creditor or a collection agency.
A paid negative is just as bad as an unpaid negative !!
If you are dealing with the original creditor, and the account you are dealing with is just showing a late (not a charge off) Request that they report - no lates and paid as agrees upon full payment.
If you are dealing with a charged off debt that is with a collection agency (or the original creditor) request that they will delete the tradeline they have placed on your reports after payment.
Request that the account will not be sold upon payment.
Request that they will not continue to collect the debt or the remaining portion of the debt it they agree to a lesser amount as payment in full.
Request that they will take a percentage of the amount as payment in full.
2006-08-23 10:00:21 · answer #1 · answered by echo 7 · 0⤊ 0⤋
All they care about is the money. Pay off the balances. Yes, will eventually help your score. Don't waste time with phone calls and correspondence. Your creditors are looking for money from you not notes and calls. Period.
2006-08-23 13:36:50 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I have found that calling people and speaking to a person gets better results but I would also follow up with a letter.
2006-08-23 13:35:20 · answer #3 · answered by Tara R 2 · 0⤊ 1⤋
Do both. Call them and talk to them. Document who you talked to on what day and what time but also follow up with a letter.
2006-08-23 13:38:48 · answer #4 · answered by Anonymous · 0⤊ 0⤋
you can call them if you want but what ever deal you work out you need to get it in writing. Without it in writing, should something go wrong, you have no proof.
2006-08-23 14:31:19 · answer #5 · answered by bella_4624_19 4 · 0⤊ 0⤋
do both things and if you planing to pay them off- demand the letter from them stating , that you pay them. if they don't update your account status -you have proof from them, that you pay .
2006-08-23 14:47:46 · answer #6 · answered by bianca 4 · 0⤊ 0⤋