Under the fair credit act is it legal to ask debtor to report an account as never late as a condition of?

Question

settling for a payment to pay off the account?

On a past due account, that you are asking a debtor to agree, as a conditon of cashing a check as payment, that they agree to remove the item as ever being late period, and to settle for a lesser amount? Is this practice legal, a credit repair place said it was a tactic being used?

Answer 1

You can ask, but I highly doubt that you will find agreement on that score. Fraudulent reporting by a debtor to a credit reporting firm is not a wise thing to do.