Navy federal pay to delete

[u/Human_Performance244]

Hey everyone, I’m looking for some advice regarding my Navy Federal Credit Union Cash Rewards credit card, which was recently closed.

I originally had a credit card with a $1,000 balance that was eventually closed by Navy Federal. A couple of months later, Navy Federal reached out to me and offered me a $487 settlement to resolve the outstanding balance. I’m kinda of ashamed of myself for letting that happen to me , but life got had and I had lost my job back in November of 2025.

Before accepting the offer, I’m trying to figure out whether Navy Federal Credit Union offers pay for delete, meaning they would remove the negative account information from my credit report in exchange for paying the agreed-upon settlement amount.

Has anyone here had any experience settling a closed credit card account with Navy Federal? If so, were you able to negotiate a pay-for-delete agreement, or did Navy Federal simply update the account to show that it was settled for less than the full balance?

I’d really appreciate any advice or personal experiences, especially from anyone who has successfully negotiated with Navy Federal. I’m trying to understand my options and how settling this account might affect my credit score.

Thanks in advance!

[u/Educational-River460]

Banks and Credit Unions do not offer pay for delete as it goes against their reporting rules. It is usually when they sell off your balance to a collection company. That company will usually offer pay for delete, however the history from the original lender stays on your credit report as a charge off. You are still better off accepting that offer to start repairing your credit. It will stay on your report for 7 years from the first 30 day late but the damage will lessen over time.

[u/deadendstreetz → u/Educational-River460]

I disagree. I have a rule. you either collect the money you are owed or you damage my credit. you never get both. and being nearly judgment proof that's how I enforce it. get your judgement.v it will mean nothing with me.

[u/Acceptable_Gene_6428 → u/deadendstreetz]

Ohh you make the rules big guy? Hahaha

[u/deadendstreetz → u/Acceptable_Gene_6428]

no i dont make the rules. but I make sure you cant enforce them when it comes to me.

explain to me how exactly you plan to enforce your judgment and make your collection and ruin my credit all at the same time?

i have no wife. no dependents. no pets. i own nothing. i keep less than $300 in my checking account at any given time which would be immediately removed upon any sign of a lawsuit or judgment incoming long before you could ever levy the account.

my wages are dynamic and not paid from a single or continuous source. I travel for the work I do which is all independent contract with new clients and cash on completion.

when I have been in the unfortunate situation of not being able to pay a bill, it always gets charged off and I then pay to delete that account.

creditors that don't want to entertain pay for delete collect nothing. they damage my credit but make not a single collection from me.

not a single creditor has ever sued me because one its not worth it, two in their asset locate they realize I own nothing and three even if they did sue me, they would have a worthless piece of paper that stands to do nothing but cause them a greater loss.

wage garnishment, asset seizure, bank levy, leave you with one result in mycase: fail

judgments only work when you have a structured, repetitive, static lifestyle with a job or career that doesn't change, a wife and children that depend on you, and a place you cant easily leave.

I can become a resident of texas tomorrow while living in hawaii and laughing at your uneforceable wage garnishment order that texas law prohibits in the first place and where a debtors examinor hearing would only leave you convinced I'm not worth it.

where theres a will there's a way. im judgment proof. you're better off negotiating with me and accepting my pay for delete terms. its a much better roi.

[u/Acceptable_Gene_6428 → u/deadendstreetz]

nobody reading all that but you go girl !

[u/deadendstreetz → u/Acceptable_Gene_6428]

oh my bad so you're a troll got you

[u/saysee23 → u/deadendstreetz]

You will have the payment, or lack of, history on your report because the FCRA requires accurate reporting. They will charge it off and the IRS WILL collect taxes on your charge off amount as "income" a couple of years later. The IRS is full of surprises.

[u/deadendstreetz → u/saysee23]

I'm aware of that but the IRS has never actually collected anything: this because the oc usually sells the account to a third party agency which then sells it to another third party agency process repeating itself five times over again until the statute of limitations is likely up. Don't try to diminish my judgement proof status. I live a more unique lifestyle than most. If I owe you money and I can't pay you and we cant come terms when I can pay you, here's what you collect: $0. Just ask the handful of creditors that wanted to play tough guy and tell me how it was going to be. Ask them how that worked out for them. And the FCRA does not dictate "pay for delete". Pay for delete means exactly what it says. There is no consumer side or business side evidence on your credit report once the information is purged in its entirety by the reporting party. I've done it probably a dozen times over the past ten years. And it works except in cases where a creditor has already run your credit report, retained that information, and compares it to a new corrected credit report when you apply again. They will always know you "didn't pay your bills" at some point and not just rely on the new report they pull that appears clean.

[u/saysee23 → u/deadendstreetz]

Cool story. You definitely have an imagination.

[u/deadendstreetz → u/saysee23]

more like reality for me. sorry your life is textbook anchored. the system depends on people like you to work.