Now some of you may be wondering why in my last comments, I said that the guy from Direct TV

(let’s call him Larry) was promoting a huge lie. Here is the truth. If you have an account in collections,

in many cases you can negotiate to settle or pay off your debt with the agreement that your account will

be deleted from your credit reports. Because a creditor has reported your account to the credit bureaus,

they have the authority to do the following things with your collection account.

• Delete your account if you settle it
• Delete your account is you pay your account off in full
• Report a settled account as settled in full was a collection account
• Report a paid off account as paid in full was a collection account
• Accept a settlement or payment in full and not delete the account

 Although many creditors will tell you that they cannot delete accounts from credit  bureaus

 unless they agree to a dispute you put in, they say this for a few reasons.

              This is  their way of getting back at debtors that did not pay their accounts on time.

              Although you won’t see this on their websites or their companies training manuals,

              it is one of those under the table things. When I worked at a bank as a supervisor in

              their credit card department, at the click of a key, I could delete an account from a person’s

              credit report.  They say that the law states that they cannot delete an account from a person’s

              credit reports. LIAR, LIAR, PANTS ON FIRE. There is no such law.  Although the law states

              the six disputes that a creditor must accept if proven, it does not prohibit negotiated

              settlements. That’s enough for now. Talk to you later.