"Pay for Delete Letter Template"

What Is a Pay for Delete Letter?

A Pay for Delete Letter is a written statement prepared by the debtor who is ready to pay a sum of money they owe to their creditor in exchange for the removal of a negative mark on their credit report.

If you have accumulated a serious debt and the financial institution or lender you are dealing with has responded with negative items that taint your credit history, yet you are in need of another loan or credit card, you may negotiate with the creditor - you start paying off your debt and they fix your credit score.

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Do Pay for Delete Letters Really Work?

Whether you simply forgot about a bill or could not handle the payment for some reason, a collection agency can solve your financial troubles. If you decide to ignore constant reminders about your debts and do not contact the financial institution or debt collector, then, the creditor will be reluctant when you request to delete negative details from your credit report. Do your best to comply with requirements from the debt collector, stay in contact with them, and take real steps to deal with the problem - the financial institution will be willing to help. Once you pay the past due balance in full, the collection agency and creditor will agree to remove the debt and will assist you in cleaning up your credit history.

A Pay for Delete Letter template is customizable to suit the needs of the debtor but at the least, you need to identify yourself, write down your address, state the name and address of the debt collector, include the number of your account and the amount of money you currently owe, request to delete the debt from the records, indicate the sum of money you are prepared to pay, and sign the letter.


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Pay for Delete Letter
From: ​ _ ____________________________
To:​ _ _______________________________
Sender’s Name
Recipient’s Name
___________________________________
___________________________________
___________________________________
___________________________________
Sender’s Address
Recipient’s Address
___________________________________
___________________________________
City, State, ZIP Code
City, State, ZIP Code
__________________________________
D ate
Re: ​ P ay for Delete (_________________, _________________, $_________________)
Account Number
Original Creditor
Amount on Credit Report
Dear _____________________________,
I, __________________________, am writing this letter to offer your credit department
the one-time offer to settle the alleged amount due for $____________________. Please
note that while I am offering this amount of money to settle the debt, this is not my
acknowledgment of its liability.
However, as I do disagree with the total amount owed I am willing to agree to settle this
debt as a show of goodwill under the following circumstances:
_______________________________________________________________________
_______________________________________________________________________
_______________________________________________________________________
List the circumstances
If the above-mentioned items are able to be met I am willing to make the payment on this
debt immediately. I will only answer to an individual who is an official representative of
this Company with the terms of this offer expiring at the end of ______ days. Feel free to
contact me through my email at [​
E mail​
] or at [​
P hone Number​
] .
Sincerely,
__________________________________
Sender’s Name
__________________________________
Sender’s Signature
©​ ​ ​ ​
T EMPLATEROLLER.COM​
Pay for Delete Letter
From: ​ _ ____________________________
To:​ _ _______________________________
Sender’s Name
Recipient’s Name
___________________________________
___________________________________
___________________________________
___________________________________
Sender’s Address
Recipient’s Address
___________________________________
___________________________________
City, State, ZIP Code
City, State, ZIP Code
__________________________________
D ate
Re: ​ P ay for Delete (_________________, _________________, $_________________)
Account Number
Original Creditor
Amount on Credit Report
Dear _____________________________,
I, __________________________, am writing this letter to offer your credit department
the one-time offer to settle the alleged amount due for $____________________. Please
note that while I am offering this amount of money to settle the debt, this is not my
acknowledgment of its liability.
However, as I do disagree with the total amount owed I am willing to agree to settle this
debt as a show of goodwill under the following circumstances:
_______________________________________________________________________
_______________________________________________________________________
_______________________________________________________________________
List the circumstances
If the above-mentioned items are able to be met I am willing to make the payment on this
debt immediately. I will only answer to an individual who is an official representative of
this Company with the terms of this offer expiring at the end of ______ days. Feel free to
contact me through my email at [​
E mail​
] or at [​
P hone Number​
] .
Sincerely,
__________________________________
Sender’s Name
__________________________________
Sender’s Signature
©​ ​ ​ ​
T EMPLATEROLLER.COM​