If by 'gone' you mean the agreement is missing than it may be deemed unenforceable and the debt can be cancelled by a court. This only applies in the UK as far as I am aware though.
Yes it can. You should agree to pay it only if there is an agreement to not report it to the credit reporting agencies.
To remove a debt collector from your credit report, you can dispute the debt with the credit bureaus if you believe it is inaccurate or outdated. You can also negotiate a pay-for-delete agreement with the debt collector to have the negative information removed in exchange for payment.
You need to get in contact with your credit card company and make an agreement on how you are going to pay back your debts. The cost to doing a credits card debt settlement is that you end up with a very bad credit score.
PAY
In most cases, it is always better to pay the credit card off in full because the payoff is best for your credit rating. If you are able to settle the debt with an agreement that states that the credit card company will not send an adverse action transaction (e.g., chargeoff, workout, etc.) to the credit reporting bureaus, then you are better off settling.
It is best to pay off the debt. You can also ask if they will remove their listing completely from your credit report, if you agree to pay. If they agree to this, tell them to send the agreement to you in writing and you will immediately pay off the debt.
Yes it can. You should agree to pay it only if there is an agreement to not report it to the credit reporting agencies.
To remove a debt collector from your credit report, you can dispute the debt with the credit bureaus if you believe it is inaccurate or outdated. You can also negotiate a pay-for-delete agreement with the debt collector to have the negative information removed in exchange for payment.
A Hardship Agreement, is when you as the consumer agrees to pay the minimum payment with no APR, or finance charges for a number of months. This is the last option you have to pay your debt.
You need to get in contact with your credit card company and make an agreement on how you are going to pay back your debts. The cost to doing a credits card debt settlement is that you end up with a very bad credit score.
PAY
If you can't pay off the debt in full, you can offer a payment agreement to the collection company. If they accept, you will have to pay as agreed to avoid further collection action and/or garnishment.
In most cases, it is always better to pay the credit card off in full because the payoff is best for your credit rating. If you are able to settle the debt with an agreement that states that the credit card company will not send an adverse action transaction (e.g., chargeoff, workout, etc.) to the credit reporting bureaus, then you are better off settling.
Here is a sample letter for a pay for delete agreement: Your Name Your Address City, State, Zip Code Date Debt Collection Agency Name Agency Address City, State, Zip Code Subject: Pay for Delete Agreement Request Dear Sir/Madam, I am writing to propose a pay for delete agreement regarding the debt listed on my credit report. The debt in question is Account Number for the amount of Debt Amount. I am willing to pay the full amount in exchange for the removal of this negative item from my credit report. This agreement is not an admission of liability for the debt but a mutually beneficial arrangement to resolve the issue. Upon receipt of the full payment, I kindly request that you promptly remove all negative information related to this debt from all credit reporting agencies. This will help improve my credit score and financial standing. Please confirm your acceptance of this proposal in writing so that we can proceed with the payment and deletion process. I appreciate your attention to this matter and look forward to resolving it amicably. Thank you for your cooperation. Sincerely, Your Name
Yes, you can hire a cosigner to help you secure a loan or rental agreement. A cosigner is someone who agrees to be responsible for the debt if you are unable to pay. This can help you qualify for a loan or rental agreement if you have a limited credit history or poor credit.
when you pay it.
The best way a person can pay their credit card debt is by getting a job to earn money to pay off the debt. By being wise about how their money is spent, a person can begin to pay off the debt without creating more.