Bad Credit? - Repair it Yourself! Dispute Your Report to Help Your Score!

Your name
Your address
Phone/fax/email

Collection agency name
Collection agency address

Re: {collection account number}

Dear Sir or Madam,

This is a Pay For Delete Letter and should not to be construed as an acknowledgment of my liability for this debt in any form or shape, but simply an offer to settle this debt to our mutual satisfaction. It is not a promise to pay the debt unless the conditions detailed below are met.

I am aware of the fact that your company can report the debt to the credit reporting agencies as deemed necessary, and you have the ability to change the account status. I am offering to pay this debt in full (or settle this account for $__________) in return for your written agreement to remove all information related to this account from Equifax, Experian and TransUnion credit reports within 3 business days, and to never report the account again. If you agree to such terms, I will send you a certified payment of the amount stated, next business day after receiving the debt settlement agreement from you.

As the part of this agreement, you and {Collection Agency} will not discuss the terms with anyone but the original creditor of this account. Neither acknowledgment of debt nor information on settlement should be furnished to the credit reporting agencies.

If you and the original creditor agree to these terms, please send me a confirmation letter signed by your authorized representative. The letter should be subject to the laws of my state and treated as a contract.

As per the Fair Debt Collection Practices Act, I have the right to dispute this alleged debt. If I do not receive your response at my address listed above within the next 10 business days, I will withdraw the offer and request full verification of this debt.

Thank you.

Your name
Your address
Phone/fax/email

Creditor name
Creditor address

Re: {account number}

Dear Sir or Madam,

This letter is an offer to settle the above referenced account. While I am fully liable for this debt I must state, that I can no longer afford the monthly payments without straining my already limited resources to the breaking point as evident by the recent late payments that have been reported on my credit report.

I am offering to pay a lump sum of $__________ in return for your written agreement to remove the late payments and related derogatory information reported on this account from Equifax, Experian and TransUnion credit reports within 10 business days, and change the account status to Paid As Agreed.
Alternatively, if you choose to close this account upon receiving the offered settlement amount, you must remove the late payments and related derogatory information reported on this account and change the status to Account Closed by Consumer. If you agree to either offer, I will send you a certified payment of the amount stated, next business day after receiving the debt settlement agreement from you.

Thank you.