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Can I get information deleted off my report

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tryingtomakeitright



Joined: 16 Jun 2008
tryingtomakeitright's page
Posts: 1



61 Magic Points
Subject: Can I get information deleted off my report
 
 Posted on Mon Jun 16, 2008 10:14 pm  
I paid a debt off in full but is is reported on my credit report as a charge off/paid Can I get this off my report?
 
scott

scott

Joined: 28 Jun 2006
scott's page
Posts: 180



4868 Magic Points
 
 Posted on Tue Jun 17, 2008 10:43 am  
Hi tryingtomak
Even if you have paid out your debt in full, charge off debts will list in your credit report for seven years from the date of initial missed payment. However, it will show as "paid charge off" and I don't think that there is any way to remove the charge off listing from your report before that period.
_________________
SCOTT

Social security, bank account, and credit card numbers aren't just data. In the wrong hands they can wipe out someone's life savings, wreck their credit and cause financial ruin.
 
anthony

anthony

Joined: 31 Jul 2006
anthony's page
Posts: 493



12319 Magic Points
 
 Posted on Tue Jun 17, 2008 11:47 am  
Yes, scott is correct. Actually once charge off is listed in your credit report, it cannot be removed till seven years of from the date of first missed payment. So it is always advisable to avoid charge off listing in the credit report by coming to a repayment agreement with the creditor.
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Anthony Marx

A positive attitude is not achieved by turning a blind eye to the negative, but rather by responding to every situation in the most positive way possible.
You can also visit my blog
http://financewatchonline.blogspot.com
 
Kate
Guest
Subject: Actually... sometimes you can...
 
 Posted on Tue Jun 17, 2008 5:00 pm  
Sometimes a collection agency will agree to remove something if you pay it in full. It is best to come to this agreement with them BEFORE you pay it. Also, collections agencies that are operating on behalf of a company will sometimes take the instruction of that company when it comes to deleting the collection versus marking it paid. You'll have more luck with customer service oriented companies like car insurance providers and cell phone companies than you would with medical bills when it comes to this. The cell phone company wants your business in the future and doesn't want you going around telling everyone who will listen about their hard-nosed collections policies.

Good luck!
 
samantha
Guest
Subject: rebuild my credit
 
 Posted on Tue Oct 21, 2008 6:53 pm  
i have some charge offs on my credit and some credit cards behind can you help me by telling me what i should do
 
Justin

Justin

Joined: 17 Jul 2006
Justin's page
Posts: 412



10749 Magic Points
 
 Posted on Wed Oct 22, 2008 7:05 am  
Hi Samantha
Charge off cannot be removed from your credit report by the CA once it gets listed and it stays there for seven years from the date of the first missed payment. However, if the debt is still with the original creditor, and if you can make him agree to remove the charge off, it can be removed.
A charge off listing can lower your credit score by as much as 100 points. But if the OC do not agree to remove the charge off listing, you can ask him to change the status of the listing to "paid as agreed" instead of "paid charge off" after you pay off the debt.
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Best Wishes
Justin
 
carol

carol

Joined: 27 Jun 2006
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Posts: 372



10224 Magic Points
 
 Posted on Wed Oct 22, 2008 7:16 am  
You should always pay off a charge off account, even if the creditor does not agree to remove the charge off listing, because a "paid charge off" listing is certainly better than a "charge off" listing although your credit score will not improve. Charge off does not mean that you are not required to pay off the debt. In fact you are still liable for the debt and the creditor can bring judgment against you to recover the debt. Now, if the creditor bring judgment against you, it will again lower your credit score. So to avoid judgment, you should pay off the charge off debt as soon as possible.
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Carol
 
sdchargers_63

sdchargers_63

Joined: 13 Aug 2007
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Posts: 891



2654 Magic Points
Subject: debt
 
 Posted on Fri Oct 24, 2008 2:11 am  
So many ways your score can drop. That's pretty scary in 'my book'. Judgements automatically stay on there for 7 years? Gosh. I guess if you try to take care of OTHER things, on your CR, it would look a bit better. The score, I mean.
 
AKnigh



Joined: 28 Oct 2008
AKnigh's page
Posts: 4



142 Magic Points
 
 Posted on Wed Oct 29, 2008 2:50 am  
If you have old charge offs that are still with the original creditor and paid (like 2 years ago) what kind of letter should I send? I've seen all sorts of letters here but they seem to be dispute letters rather than requests to change status.

Thanks Smile
 
Mary

Mary

Joined: 06 Jul 2006
Mary's page
Posts: 322



8655 Magic Points
 
 Posted on Wed Oct 29, 2008 11:36 am  
If the debt is still with the original creditor, the charge off listing can be removed by pay for deletion agreement with the Creditor. For this you need to contact the creditor by sending a Debt validation letter by certified mail. If the creditor responds by validating your debt, you should send this PFD letter asking him to remove the charge off listing. You need to negotiate because the creditor may not agree to remove the listing at the first instance. However, if the creditor agrees to remove the listing, get it in writing from the creditor before you pay off the charged off account.
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Where there's a will, there's a way !!
 
sdchargers_63

sdchargers_63

Joined: 13 Aug 2007
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Posts: 891



2654 Magic Points
Subject: debt
 
 Posted on Wed Oct 29, 2008 3:00 pm  
Ok...I NOW know you can send PFD letter to the OC. What if the CA refuses to take the debt off, but the OC agrees to? Some things, on myCR, are a 'double' post...I mean it's the same debt, but...the OC and CA have reported it. How do ya take care of that? The same way..contact the OC, only?
 
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