I’d like to share with you another success story I received from one of my book readers.
She sent me the letter below with her name included so I saw it was genuine. Now her personal info is redacted for privacy, but look at this settlement!
The second sentence states it was settled in full. What that means is she paid the reduced amount they agreed upon, which was approximately 70% of the balance. 30% off is a successful negotiation, especially when the balance was fairly small at $500. (Some credit repair businesses don’t even negotiate for amounts that low. )
The paragraph below that states, “A request will be sent to the credit reporting agencies within 30 days to delete the tradeline associated with this account.” Perfect!
Using the strategy in Chapter 15, Repair Your Credit Like the Pros, she saved money and got a collection deleted from her credit report at the same time. BIG WIN!!
