Americredit? Deletion? Settlement?

[jjgross]

Originally Posted by CreditCrisis

I just got off the phone with AmeriCredit. They have my account again in house. The lady on the phone said that at this time she can offer me a settlement for 40% which is $2,815. She said in order to hold the account in house and this settlement amount, I need to make a payment of at least $25 in the next 30 days. No big deal. So I went on to ask if they would delete the account once they receive the settlement. She said no, it would be updated as “Pays as agreed”, which I don’t think is accurate. I went on to explain that I know that they have the capability to delete it, but asked if it was just their policy to not delete. She said yes, they do not delete once satisfied.

So here is my question:

Should I send a letter offering $2,500 and asking that the account be deleted once the amount is satisfied? I don’t really care that the paid collection will be on my report, what I do care about, is what it will do to my score. Will it go up more if its deleted or paid?

She went on to tell me “anytime you pay a collection on your credit, your credit shoots up”. I don’t know if that is correct either?

Can someone please chime in and help me with this situation?





I'm 32 points away from a 620 on my transunion and my husband is 66 points away from a 620 on his equifax. We're ready to start getting the pre qual going!!

A paid collection is scored the same as unpaid,what hurts is its a collection.Just tell them since they only paid pennies on the dollar,that you will settle for 15% and go from there.

[CreditCrisis]

Originally Posted by jjgross

A paid collection is scored the same as unpaid,what hurts is its a collection.Just tell them since they only paid pennies on the dollar,that you will settle for 15% and go from there.

well this is the OC that i'm dealing with now..... do you think i have any chance of getting it deleted?

[jjgross]

Originally Posted by CreditCrisis

well this is the OC that i'm dealing with now..... do you think i have any chance of getting it deleted?

That's a different story.You might try writing the CEO and explain the problem,you had to surrender your car because of the economy.

[CreditCrisis]

I might try that! thanks! do yuo think with that i should still offer a settlement and ask for a deletion?

[jjgross]

Originally Posted by CreditCrisis

I might try that! thanks! do yuo think with that i should still offer a settlement and ask for a deletion?

It wouldn't hurt,just ask for a one time forgiveness.

[CreditCrisis]

i'll try thanks!

[Maygen13]

I have a question about this. Now if the OC has the account back and you are willing to pay them the money that they are asking for. Wouldn't that bring your account back in good standing? Perhaps instead of asking them to delete the TL ask them to delete the lates or something along those lines. If you keep it on your credit report it would show as a positive account, right?

[CreditCrisis]

I had thought about that as well, but there are about 5 or 6 lates and then a Repo code...I dont know if they could techinically remove all of those codes?

Trish, where are ya?!

[jjgross]

Originally Posted by CreditCrisis

I had thought about that as well, but there are about 5 or 6 lates and then a Repo code...I dont know if they could techinically remove all of those codes?

Trish, where are ya?!

I'm wondering about Trish to?OK they can bring it up to date and remove the lates if they want to!Will they probably not because of their desire to punish you.Now if you can get hold of someone there who would be willing to update it.You would have to go to someone higher up in there food chain,at lest have it reported as paid as agreed.If you bring it up to date ask for a one time forgiveness and if you ever screwed up again they can put it back on!

[CreditCrisis]

well that amount would pay the account off. i wouldnt have a chance to screw up again. lol