However, if your credit card balance was charged off and you simply never paid it because you didn’t have the means to, you may be less likely to get a pay for delete approved.
To see an actual example of an effective pay for delete letter, take a look at the my FICO forums.
Generally, the lower the balance, the easier it might be to obtain a pay for delete.
The negative mark could remain on your credit report.A pay for delete letter won’t necessarily hurt you, but it’s not guaranteed to help you, either.That’s because collection agencies don’t have to respond to your letter if the debt is accurate.To provide more complete comparisons, the site features products from our partners as well as institutions which are not advertising partners.While we make an effort to include the best deals available to the general public, we make no warranty that such information represents all available products."Advertiser Disclosure Tuesday, May 31, 2016Editorial Note: The editorial content on this page is not provided by any financial institution and has not been reviewed, approved or otherwise endorsed by any of these entities prior to publication. Have you recently discovered a delinquent account on your report that you were unaware of until now?Magnify Money is an advertising-supported comparison service which receives compensation from some of the financial providers whose offers appear on our site.