Jump to content

kaylikes2fly

No option for pay for delete..what should i do?

Recommended Posts

Hello all,

 

I have an account with Trident Asset Management (for $550). I called them and they said they dont do a pay for delete. I was going to send them a pay for delete letter but I am unsure if that will work. They said the only options are to pay in full and they will update that it has been paid in full or settle and they will update that it has been settled. Should I just pay the account in full or settle? The amount is only 545 and they lowest they are willing to settle is 495 so if there is an advantage to pay in full rather than settle than i would do that rather than save like 50 bucks.  I just heard that unless it is pay for delete, it wont raise my credit score and paying them for it to say paid in full or settled doesnt affect my score. Can someone please help me figure this out. Thanks!

Share this post


Link to post
Share on other sites

Welcome to Creditboards!

We hope that you find what you're looking for here.

Some helpful tips:

  • Your post may not get a reply right away. Don't be discouraged, this is a very busy board. If it falls off of the first page, feel free to reply to your post yourself, with the word *bump* in the text. This will *bump* your post back up to the top of the board.
  • If you haven't yet, take a peek at out Newbies Section. Everything that you need to know is in that forum, for the most part. It's a lot of reading, we know, but this credit stuff can have a steep learning curve. In no time, you'll be posting like the pros!
  • If you find that someone is discourteous to you, use the REPORT button at the top right of every post - that will ensure that a moderator or admin looks at the post and decides if it is against the TOS.
  • Off -topic posts should go in the General Forum.

 

Again, welcome to the CreditBoards family!

CB Admin: LKH, Pam, radi8, :angel:breeze:angel: & MarvBear

 

Share this post


Link to post
Share on other sites

welcome to CB!

 

is this debt out of the SOL for your state? if so, paying it has little upside for you.

Share this post


Link to post
Share on other sites
On 6/19/2019 at 10:42 AM, hegemony said:

welcome to CB!

 

is this debt out of the SOL for your state? if so, paying it has little upside for you.

no its from 2018 (California). would a settlement or pay in full raise my credit score even if it remains?

Share this post


Link to post
Share on other sites
11 hours ago, legaleagle2012 said:

What kind of debt?

credit card chargeoff I think. would a settlement or pay in full raise my credit score even if it remains?

Share this post


Link to post
Share on other sites
On 6/20/2019 at 3:22 PM, kaylikes2fly said:

credit card chargeoff I think. would a settlement or pay in full raise my credit score even if it remains?

No

Share this post


Link to post
Share on other sites

 

On 6/20/2019 at 1:42 AM, hegemony said:

welcome to CB!

 

is this debt out of the SOL for your state? if so, paying it has little upside for you.

 

Hege, so you think they'd sue her for $550?  I'm thinking not.  So what would be a reason to even pay if there is no PFD?  

 

Kay, who is the original creditor for the debt?  

Share this post


Link to post
Share on other sites
Posted (edited)
4 hours ago, PotO said:

 

 

Hege, so you think they'd sue her for $550?  I'm thinking not.  So what would be a reason to even pay if there is no PFD?  

 

 

to satisfy a mortgage UW is the only reason to pay an out of SOL debt.* Hard to know when a debt owner will sue; we've seen filings for debts lower than $550.

 

* ETA: or perhaps some sort of clearance for employment

Edited by hegemony

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Today's Birthdays

    1. JessieLyn
      JessieLyn
      Age: 36
    2. LalaPed
      LalaPed
      Age: 35
  • Member Statistics

    • Total Members
      176,877
    • Most Online
      1,528

    Newest Member
    mekarobinson
    Joined

About Us

Since 2003, creditboards.com has helped thousands of people repair their credit, force abusive collection agents to follow the law, ensure proper reporting by credit reporting agencies, and provided financial education to help avoid the pitfalls that can lead to negative tradelines.
×
×
  • Create New...

Important Information

Guidelines