Pay-for-Delete Offer Letter
Offer payment to a collection agency in exchange for written deletion of the collection tradeline.
Negotiated settlement request
When to use it
Use only when you can afford the settlement and want written deletion terms before paying.
How to use it
- Validate the debt first if you are unsure.
- Never pay before receiving written terms.
- Avoid giving collectors direct access to your bank account.
- Verify deletion after payment clears.
Template
[Your Full Name]
[Your Mailing Address]
[City, State ZIP]
[Date]
[Collection Agency Name]
[Collection Agency Address]
Re: Settlement offer for account [XXXX]
To Whom It May Concern:
Without admitting liability, I am willing to resolve the account referenced above. I offer to pay [settlement amount] as full satisfaction of the account if your company agrees in writing to delete all reporting of this account from Equifax, Experian, and TransUnion.
This offer is conditioned on written confirmation that:
1. The payment will settle the account in full.
2. Your company will request complete deletion of the tradeline from all credit bureaus.
3. The deletion request will be submitted within [number] days of payment.
Please send written confirmation on company letterhead before payment is made.
Sincerely,
[Your Signature]
[Your Printed Name]
iRunCredit provides free educational information and document templates. We are not a law firm, credit repair organization, lender, credit bureau, or financial advisor, and nothing here is legal, financial, or credit repair advice. You can dispute credit-report errors and contact creditors yourself for free under federal law. Always verify facts, keep copies, and consider a qualified professional for your specific situation.