When you find that you are over your head in a sea of charge offs and collections, it may be difficult to remove them from your credit report under the usual process.
But if you have some money now to clean up the mess from a previous hardship, this is a great strategy.
You may want to have the help of a lawyer through this process.
Offer to pay off the bill, in part or in full, for a “paid as agreed” notation on your credit report for all three bureaus.
This is a bit of slight-of-mouth. Paid as agreed doens’t necessarily mean paid WHEN agreed, but just “as” agreed. And after all, you are paying as you agree to in this negotiation, so it’s a perfectly legitimate interpretation of the phrase, “paid as agreed”.
Get the agreement in writing from the creditor before making the payment. That money is the only leverage you’ve got, so be sure you’re covered once you send that check.
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