“Pay for delete” can mean two things: a shady “credit repair” company promising to remove negative credit-report information for a fee, or a debt collector promising favorable credit-report treatment in exchange for prompt payment of the balance due, plus a fee. Neither scenario, especially the first, is aboveboard. There’s no amount you can pay — other than what you owe, which helps only to a certain extent — to improve your credit score. So, consider “pay for delete” to be more of a trick than a treat.
Below, we’ll take a closer look at both types of “pay for delete” schemes as well as legitimate alternatives.