That was the primary reason I paid off a collection in a lump sum a month ago (the expected significant credit repair from a delete). Sure getting a 1200 dollar stimulus check made it a lot easier to drop a thousand in one go, but if pra wasn't pay for delete I would have saved that in my emergency fund, and either never paid since my credit was already damaged or paid some small monthly payment for the next two years (to not get sued).
I suppose the thing to know would be how many people are just paying because they have extra money and just assume paying it consigns it to Oblivion.
congratulations on hopefully becoming one step closer to being debt-free!
I've settled nearly ten thousand dollars of debt for far less than what I owed over the years thanks to the introduction of these programs, getting me to a point where I finally had my own credit cards instead of being an authorized user a few years earlier than I would have been able to.
It is unfortunate that I had to attribute this ability to pull myself out of dire straits to being rear-ended by a teenager texting, and getting a larger than expected settlement through a referral to an accident attorney from a close friend of mine -- and a lot of teachings from the experience of my father, who dealt with quite a 180 of his financial situation during the great recession.
I really can't put into words how much of a relief it was to stop fearing The eventual litigation of most of these debts, having my credit damage for another 7 years into the future, having what wages I was earning at the time garnished... The psychological damage that some of these outfits play too in a way is reprehensible in my opinion.
I suppose the thing to know would be how many people are just paying because they have extra money and just assume paying it consigns it to Oblivion.