| It is a little known fact but it is very possible to delete | | | | credit report. |
| charge-offs from your credit report. It does depend on | | | | And you must get this agreement in writing from one |
| a few factors, which I am going to discuss in this | | | | of their reps. This is the first method to have a |
| article. First of all, the age of the collection account will | | | | charge-off deleted from your credit report. It is also |
| determine how to have it deleted from your credit | | | | important to say that some people try to dispute the |
| report. | | | | charge-off with the credit bureaus, if the account |
| If the collection account is fairly recent and the | | | | cannot be verified it has to be removed by law but |
| collection company is calling you, the approach you | | | | most recent charge-off accounts can be verified, it |
| may want to consider may in involve some cash | | | | may still be worth giving it a try. |
| outlay. You see, in most cases the original credit sells | | | | The next method applies if the charge-off has been |
| the account to a 3rd party collector for a fraction of | | | | on your credit report for a longer period of time, usually |
| what you originally owed. | | | | a few years. With this type of charge-off, a letter to |
| With some strong negotiating skills you can get the | | | | the credit bureaus disputing the charge-off may be |
| collection company to accept a lesser amount than | | | | effective here. A lot of collection companies are |
| the original total amount, not only that but you can also | | | | disorganized and will not be able to verify the account |
| tell then that you will pay them this money ONLY IF | | | | once you begin the dispute process. |
| they agree to DELETE the charge-off from your | | | | |