The
typical pay - for - delete
arrangement begins as a letter from the debtor to the collector
seeking an agreement where the debtor pays, either in full or a settled - upon amount for less than the total due, in exchange for the collector removing the account from the consumer's credit reports or preventing its appearance if not yet reported.Pay - for - delete, however, has a problem: It violates credit bureau reporting rules that ensure the accuracy and completeness of credit reports.