They will probably give you another offer, but they are under no obligation to do so. ALSO, PLEASE know that they cannot do a "pay for delete" offer. The credit reporting agencies do not allow ACCURATE information to be deleted. They can delete your DEBT, but not the delinquent record on your credit report. That will be on there for 7.5 YEARS…even if you pay it off. Collection agencies do that as a ploy to get you to pay.You had a chance to improve some credit, but you didn’t impress the human being that was giving you chance. That is the difference. If was a creditor, then it is on them, this guy makes a living doing this, and, I would say is not getting paid for putting up with hung ups and a promise not kept. It is your fault, not his.
And, by the way, what is the question ?
I think you got to wasting the mans time, and that;’s why he hung up, he doesn’t have anything more to say to you, and you might already know that. AM I right ?- Pay for Delete agreements can be used for defaulted gym contracts….(but not defaulted credit card debt).
- Debt collectors love to create a false sense of urgency…If they’ve waited 3 years for your payment, they can wait one or two weeks for any payment or settlement agreement from you. Any “deadline” like 5PM to get any payment to them is bogus.

- Don’t waste your time on the phone…..Mail or fax (there’s a free fax service at: http://faxzero.com) a letter in this format:

I am willing to resolve this issue for [$ xx] if your firm sends me a signed letter on your company’s letterhead agreeing that this account will be Paid in Full after this amount has been received and that you will remove all negative notations from my credit report after this agreed to amount is paid. Upon receipt of this letter I will mail you a USPS money order for this amount.

They are not going to want to do this…if they simply refuse to remove it, then you want to negotiate that they will update your credit report to "Paid in Full.” If they refuse to offer any agreement before you pay, then don’t pay.

Get all terms of any settlement deals IN WRITING FIRST, then you pay. Never accept verbal promises over the phone…they’ll promise you anything over the phone to get your money then they’ll deny that any agreement was ever made once they have your money. Pay only via USPS money order….NOT Western Union or online checks. Photocopy and keep in your permanent records. Never, ever give them your checking account numbers for payment.He was pretty ignorant. Even paying the debt is only going to show that you paid a debt after it went to collections. Still hurts your credit report. If you want to pay this debt, you can contact the gym and tell them how poorly the collector treated you, and if they want their money, by law, they can take it. (they may be very interested in that report)Listen to the advice given to you from Cat Dad.

Ryan is incorrect, you can absolutely get a "pay for deletion" agreement with the debt collector. The credit bureaus simply display what is being reported to them by your creditors. They have no control on what a creditor reports, the debt collector can delete the account,

Make sure you get any agreements in writing, before you mail them a money order for payment. Also be aware that if they fail to keep up their end of the agreement, and you have the letter in hand, no one can force the debt collector to remove the account.Yes you can get a "pay for deletion" agreement, and the credit bureaus have no control over what is reported. Ryan is wrong, I have paid two accounts for old medical bills and the debt collector sent me a "pay for delete" and they were deleted.

You can not dispute and have accurate information removed, but the creditor is the one who reports, not the credit bureaus.The collector is pushing so hard because it’s close to the end of the month and he needs that money to be received so he can make his quota.

Wait till about the middle of next month and send the collection agency a letter offering a pay for delete agreement. You didn’t say what the previous settlement was, but for a 3 year old debt, it should be less than 25%. Ask the collection agency to sign and return a copy of your letter indicating acceptance of your offer. When you get the signed copy, send them a money order.

Always make sure you have any settlement agreement in writing and NEVER give the collector direct access to your bank account … or your credit card.

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