Repair Credit Report Help

Why do bill collectors hate the idea of pay for deletes?

Why is it that bill collectors vehemetely fight pay for deletes? I have an old bill that was 5 years old. It just popped up on my credit report after 5 years. That was because I was a teenager who didn't care about bills. Now I have or HAD credit scores in the mid 700s. I have or HAD almost 4 years of spotless payment history with 22 creditors. Don't you think I learned my lesson and I'm great about paying bills? I don't plan on having defaulted bills again, and my goal is 800 credit scores. The agency has refused my pay for delete. I even offered an extra 10% to cover administrative costs. They said it undermined the principles of credit reporting, to have accurate and true data. I said they were punishing me for old behaviors. Nothing in the FCRA says you HAVE to report a tradeline, it is voluntary. They also aren't a credit repair orginization because the agreement is to stop reporting it, not deleting it to boost my scores, even accusing me of manipulating the system. I told them paying it would not benefit my scores and I have 2 years on the reporting period. I will not accept a paid collection status and have subprime credit scores, due to my stupidity at a young age. I can understand if it was a newer debt, because that would be indicative of my current payment performance. The way I was back then is not the way I am now. I will resist this to the end of the reporting period. They are a junk debt buyer which paid pennies on the dollar for this debt, not like they will be hurting. Basically in a nutshell, I got in a big argument with them over the phone because they refused to delete. I refused to pay and the guy calls me a dead beat. I told him to pull my CR and note my 22 tradelines which are up to 4 yrs old with 100% positive history, low utilization on CC's. I told the guy to F-off and told him to go love his family because he sounded like a bad father. I told him I hope he treats his kids better than that. Why are PFD's so bad?

Public Comments

1. Credit bureaus are ruining peoples lives. These bureaus and agencies need to be shut down, and then revamped by the government so that they can be controlled, Once your credit is cleared up, it should be reinstated. All who are responsible for gouging the public need to be imprisoned for a long long time.
2. 5 year old debts that have been paid aren't that bad but they are right paying for a good credit score undermines the system. We understand people mature but you still haven't paid your old debts so shouldn't have as good of a score as if it never happened.
3. Basically they want to continue punishing you even after you have paid them. You were right to refuse to pay with the PFD agreement. No sense in being punished twice for the same mistake. Try calling back and talking to a supervisor. If they want their money bad enough they will work with you. Remember, you have the advantage as you have the money they want.