Has anyone exchanged full payment in exchange for removal from credit bureau with a collection agenc

Please help, I know there is no difference to the credit bureau if an account has gone to collection and you pay it off or not they are still both black marks but I guess better to have paid black mark then unpaid black mark but I was told my credit counsellor that you can try and plea bargain with collection agent to exchange payment in full for removal from the bureau, and be sure to get in writing and then if they don%26#039;t do it then you can forwwward receipt and copy of letter to credit bureau on your own. Anyone done this? How did you do it? which collection agency? did they do it? Please help my future career depends on it!!!

Has anyone exchanged full payment in exchange for removal from credit bureau with a collection agency?

This is called a pay for delete agreement and you must get this in writing before you pay a dime.

I have done this and yes it does work.

If they do not agree to this there is no way you can get the information removed yourself.

Has anyone exchanged full payment in exchange for removal from credit bureau with a collection agency?

they don%26#039;t work...........

Has anyone exchanged full payment in exchange for removal from credit bureau with a collection agency?

Spiff is right.

There are only two ways you can get negative information removed from your credit report.

1) The creditor must delete it himself

2) The creditor fails to respond to a dispute investigation from the credit bureau.

When you pay off an old debt, all the creditor is required to do is update your account to show %26quot;paid%26quot; and have a zero balance. But all notations about late fees, collections and charge-off%26#039;s will still be there, hurting your score.

Therefore, contact the creditor who posted this on your history and offer to pay off the debt, but ONLY if they delete it from your credit report. Get this agreement IN WRITING before you pay them a dime.

If they refuse, don%26#039;t pay the debt. What%26#039;s the point? You are trying to fix your credit, and if paying the debt won%26#039;t help, why give them a penny?