Reader’s Question

Hello Ashley,
I mailed your negotiation letter a couple of weeks ago through certified mail. I got the green slip on Monday, but my credit report hasn’t been updated yet. Should I be worried? I haven’t sent them any money.
Thanks
[name removed]

Response

[name removed],
You sent them a negotiation letter and you expect them to update your credit report, yet you haven’t paid them anything? Here is how it works, once again Kenny: You send negotiation letter. They send you a letter back saying they are willing (or not) to negotiate. You pay them what you offered. They update your credit report AFTER you pay. This process takes months. Chill.

Tagged as: negotiation