Reader Question: credit report not updated after negotiation
Hello Ryan,
I mailed your negotiation letter a couple of weeks ago through certified mail. I got the green slip on Monday, but my credit report hasn’t been updated yet. Should I be worried? I haven’t sent them any money.
Thanks
Kenny
Kenny -
You sent them a negotiation letter and you expect them to update your credit report, yet you haven’t paid them anything? Here is how negotiation works, once again Kenny: You send negotiation letter. They send you a letter back saying they are willing (or not) to negotiate. You pay them the amount agreed upon. Make sure part of the agreement is removing the item from your credit. They update your credit report AFTER you pay. This process takes time. Relax.
[...] i wrote an interesting post today onHere’s a quick excerptYou sent them a negotiation letter and you expect them to update your credit report, yet you haven’t paid them anything? Here is how negotiation works, once again Kenny: You send negotiation letter. They send you a letter back saying … [...]
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