The effectiveness of the pay-for-delete method in credit report and score repair is debatable.
It is a negotiation technique where you offer to pay off a debt to remove negative information on your report.
While this method may work in some cases, it is not guaranteed to be effective and may not be entirely legal.
Some credit repair companies may use this method to prey on people who are desperate for a credit report makeover.
The Fair Credit Reporting Act discourages the method to negotiate removal of negative credit information.
Even if a pay-for-delete agreement is reached, it may not have a significant impact on your credit score.
There are other legitimate alternatives, such as filing a dispute or negotiating a payment plan with the creditor.
It is important to be cautious when using the pay-for-delete method and understand the potential risks and limitations.
To avoid such problems, it is advisable to make all payments on time. Automate payments so you don't miss them.