NEVER Pay Collections! Do THIS As a substitute!


This month’s tip of the month reveals the secret reason why you should NEVER PAY COLLECTIONS!

If you have a stubborn collective account that just won’t go away with controversial tactics, cashing it out is NOT the smart way.

Most people say you have to pay to make it go away.

I can see why you would think so, but the exact opposite is true.

While it seems logical that withdrawing an old debt collection account would only result in a credit score, the reality is that it does more harm than good.

The older the account, the less negative it will have on a person’s bankroll.

So when you pay or settle an old debt collection account, it not only disappears, the timer restarts …

Then boom!

Not only does it look like a recently paid collection, but it also refreshes the last activity date and can really hurt your score for a long, long time.

This is why the collection agencies are doing their best to convince you that this is a positive solution because they know this is the best way to get you to pay!

But they’re only there for the money.

They bought the debt for pennies on the dollar and whatever they collect is a profit for them.

Now, if you own a credit repair business of your own, you may have already run into customers trying to get a home loan or using their credit on something and the lender is demanding that all collection accounts be zeroed as a condition on the loan.

You may also have run into customers who just want the harassment to end and who are out to get everything right.

If this happens, instead, instead of just settling the account or paying it in full …

Log into your Credit Repair Cloud account and either go to your letter library or use the letter search feature to look for the “Pay Per Delete” letter.

Ask your customer what they are willing to pay and what they can afford to leave this behind once and for all.

Then fill in the blanks and send your letter.

This letter offers either a percentage of or the full amount in return for guaranteeing an account is completely cleared.

Once it’s sent you can have some back and forth negotiation, but if you are able to reach an agreement …

Make sure you have a signed agreement to cover your bases.

As soon as you have a signed copy and your customer pays the debt collection agency, they should delete it immediately.

If not, you can always use the agreement as evidence and the offices will do it for you.

At the end of the day, NEVER SIMPLY PAY COLLECTIONS!

Instead, remove the account to really improve the credit score.

And if you’d like to use our proven and effective methods that we teach in our Basic Dispute Course to verify them, dispute accounts, send alerts, investigate, intervene, file complaints, request validation, and a host of others Real Strategies That Actually Get Results …

For a limited time, I’m offering this FREE certification course as part of our 14-day Credit Hero Challenge, which will guide you starting your own credit repair business in just a few weeks and at a cheaper cost to get your family to dinner at McDonald’s bring.

Visit to join the challenge and receive the free Basic Disputing Certification Course.

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