A major issue has been brewing for more than a year among data furnishers and credit bureaus regarding a practice that is sometimes known as “pay for deletion.” This is where a debt collector will tell a consumer that, in exchange for payment, they will delete the tradeline from the consumer’s credit report. This practice is expressly against the rules set out by the Consumer Data Industry Association (CDIA) guidelines, and some argue that it undermines the credit system.
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