Pay for delete, debt collector clueless

[frustatedguy01]

So I have a couple of judgments from a couple of collection agencies for credit card debts. I have decided to try and go for a pay for delete. I have mailed letters for a pay to delete and didn't receive a response. So I called and asked them I would negotiate the debt for around 75% of the debt and in return they would delete these judgments. The guy on the phone acted like he never heard of that term and stated that he can only offer a satisfaction of judgment.

My question is this. What exactly is a pay for delete when requesting it from the debt collector? I ask them to remove the entry and they said that they aren't able to do it.

Thanks in advance

[moosie]

The pay for delete doesn't work with judgments.

When you pay, they will update the file with the court.

IMO, "satisfied" will help but it will still show on your file which is why I ask for "dismissed with prejudice" or , "Vacated with prejudice". Both of those look much much better. So ask them if you pay the judgment if they would be willing to update the records with dismissed or vacated (both with prejudice meaning they can't sue for them again)

The CRAs try and report what they want though. I disputed one and it came back as updated with "satisfied" but the truth is that the lawyer had "dismissed" it. So I sent an ITS letter to the CRA because even after they claim they verified it correctly, they decided to report as satisfied rather than dismissed. They can't just decide to report as satisfied because they have no option of "dismissed" because the reality is they would have to remove it completely.

[frustatedguy01]

moose, thanks for the reply on the matter. I talked to the collection agency that has the judgment and was informed that they would give me a satisfied judgment. Is this similar to the "dismiss to vacate"? or remove w/ prejudice? Should i ask for a dismiss to vacate and a satisfied as judgment?

Also this judgment is in addition to a TL that was placed on me by the OC. I was told by the CA that if I pay them, they would then report to the OC who would then properly record the TL. Would the OC really do that? Thanks

[BarryS2011]

A friend told me to send a letter to the collection agency and say that im willing to do payments. That way it will not hert my credit. Is this true?

[araceli2000]

even if you pay it will still show on your report. Best thing todo is Pay for delete.

[Lian]

You have two related, but kinda separate, issues.

First is the judgment itself. The debt collector, as the prevailing plaintiff in the legal action, cannot vacate the judgment. Only the court can vacate their judgment. In some jurisdictions, the court will entertain a motion to vacate a judgment on the grounds of payment, but others require a substantive showing of a defect in the judgment. It depends upon the court. If the judgment is vacated, that is grounds for CR deletion.

Second is the reporting of the judgment to a CRA. The courts aren't usually the party who reports their judgments to the CRAs. As public records, they are usually reported by either the prevailing plaintiff or sniffed out by firms who research public records. So, who reported the judgment? Only the reporting party can delete their own reporting as long as the judgment is still in effect. They can, if they so choose, delete their credit reporting without deletion of the judgment itself. Reporting of derogs is discretionary,as is their deletion.

You can pursue either course.