Pay to delete letter ? Will it work?

stclair

View here is this what you need? You may need to tweek it a litttle.

http://forums.moneysavingexpert.com/showpost.php?p=24056685&postcount=4

chanz4

That letter admits the debts, also the act does not come into effect for the type of account.

its_only_a_game_show

ok guys i have edited the letter and am now thinking about sending the below. please let me know your thoughts.

[FONT=&quot]Dear Sirs,

Account No:[/FONT]
This letter is in response to your letter on [date] related to the debt listed above. I wish to save us both some time and effort by settling this debt.

Please be aware that this is not an acknowledgment or acceptance of the debt, as I have not received any verification of the debt. Nor is this a promise to pay and is not a payment agreement unless you provide a response as detailed below.

I am aware that your company has the ability to report this debt to the credit bureaus as you deem necessary. Furthermore, you have the ability to change the listing since you are the information furnisher.
To confirm, I am more than happy to settle as much as 50% of the total amount owing so long as you can agree to, and ensure that, the following actions will be carried out;
• The Default Notice will be removed
• The Status of the account will change from “Defaulted” to “Settled”
• The Current Balance will appear as £0.00
• The Default / Delinquent Balance will be set to £0.00
• There will be no date in the “Defaulted Date” field (as it will be removed)
• There will be no date in the “Date Last Delinquent” field on the report
• This will apply to all 3 Credit Reference Agencies, namely Experian, Equifax & Call Credit
If you're happy with my proposal, please respond confirming each of the above points on official letterheaded paper, confirming the exact amount owing and I will send a cheque by return.
As granted by the Fair Debt Collection Practices Act, I have the right to dispute this alleged debt. If I do not receive your postmarked response within 15 days, I will withdraw the offer and request full verification of this debt.
Failure to agree will result in more formal papers being sent, by return.
I look forward to your response.
Yours faithfully

nottoolate

its_only_a_game_show wrote: »

As granted by the Fair Debt Collection Practices Act, I have the right to dispute this alleged debt.

why are you quoting that?


there is no such act.

Tixy

You are still referring to USA legislation and to credit bureaus which is an american term.
Your letter states that "Failure to agree will result in more formal papers being sent, by return" - what do you intend on sending next? If you don't have any further course of action planned then I wouldn't include the statement.

It would be very strange to try to deny a debt and then offer to settle it.

Its already been said that even if you admit to the debt and they don't accept your payment it won't mean that the default date is brought forward.

Although as MrsT has suggested - even when people have tried go get a default removed and the DCA has agreed to do that - they still don't always remove them, regardless of the agreement. And I doubt you would have any come back at that point it time, and would be left with a partial settlement of a default on your file. Or they may remove the default but then show lots of month of missed payments on your credit file.

If you want to try to get the default removed by settling the debt I would accept that you will have to acknowledge that the debt is yours and try negotiating, and if they won't remove it just settle the debt. Its not impossible to get a mortgage with a settled default on your credit file. You might need to go to a mortgage broker rather than one of the main high street banks but many people do manage it.

camuk81

I was very lucky and had a default removed for £7 and then have just had to chase the late payments which can be as bad as a default.

Can I ask a silly question why the default occurred. Can you prove something happened beyond your control. i.e. bills sent to the wrong address etc.

I was lucky my default was payment insurance and that was removed but the late payment stayed despite assurance they would go. Just tried again today due to the fact I had sent a payment in and been very lucky and they have removed out of the goodness of their heart.

I wish I could buy a clean credit file but that isn't going to happen. Are you up to speed on everything else i.e. payments?

its_only_a_game_show

i must of read it somehwere sorry im not a expert at this , if i take that bit out do you think its worth a go?

camuk81

Chances are slim to none unless you provide a very valid reason why.

its_only_a_game_show

hi camuk81

i moved adress and i didnt get any of the letters that i should have got. they must of been sending them to the wrong adress. i am up to date on all other payments. i cant see that byu when remove the defualt the late payments will show up as that was with Orage and now the orange agreement has been totally wiped of my credit file and left with a single defualt to arrown global. i will in my letter state that no late payments are to be shown thanks for all your help guys!!!

MrWillyWonka

When you moved, did you inform Orange of your change of address? If you didn't then it is your debt and you are liable for all these charges. Thus why write the letters if they are indeed your debt?

Otherwise, did you inform Orange of a change of address but they failed to update their system? If so then Orange are at fault although you would have to prove that you told them of a change of address.