remove collections from my report?

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ssdd4mike

Joined: 12 Mar 2009
ssdd4mike's page
Posts: 2

59 Magic Points

Subject: remove collections from my report?

Thu Apr 02, 2009 10:26 pm

how do I get collections removed from my account. The arrow financial services says they will not remove the negative mark. "it will never happen" was the words I got from them and they were really rude. What laws will help me?

Justin

Justin

Joined: 17 Jul 2006
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Posts: 1093

25288 Magic Points

Fri Apr 03, 2009 10:02 am

You cannot get the negative item removed from your credit report if the creditor or the collection agency does not agree to pay for deletion agreement. However, the item will be listed as "paid" in your credit report and will still stay there as negative for seven years and six months from the date of your last payment towards the debt. The Fair Credit Reporting Act, allows negative items to stay on your credit report for seven years even if the debt is paid in full.
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Justin

Mary

Joined: 06 Jul 2006
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Posts: 730

17413 Magic Points

Fri Apr 03, 2009 10:16 am

Can you tell me how much you owe to Arrow Financial?
Before you pay off the debt, get it validated from Arrow Financial to be sure that they own your debt and then pay it off. You should keep the proof that you have paid off the debt in case they again sell off the debt to another CA after receiving the payment from you.
However, if they cannot validate the debt, dispute the listing with the bureaus and the bureaus will get it removed from your report.
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