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HomeCredit ForumCredit repair

Removing paid collection debt

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wendel34



Joined: 29 Sep 2008
wendel34's page
Posts: 4
Location: Pensylvania


115 Magic Points
Subject: Removing paid collection debt
 
 Posted on Mon Sep 29, 2008 8:13 pm  
hello i am new here and this is my first post.

I have 10 bills on my credit report that were collection accounts (doctor bills, small debt under $100.00)

These debts were paid in full by me but still appear on my credit report as paid but was in collection which reflects negative on my credit score.

Can i ask to have these debt completely removed and if so what are the chances they will remove them.

the collection agencys are NCO, National recovery Agency, and Verizon Pennsylvania)
 
anthony

anthony

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



12319 Magic Points
 
 Posted on Tue Sep 30, 2008 8:40 am  
Hi wendel34
Normally once you pay off a debt, it cannot be generally removed from your credit report because the creditor has no incentive to do so. To remove any negative listing from your credit report, you need to make your creditor agree to pay for deletion agreement and get it in writing before paying off the debt in full. However, since the debts have already been paid off in full, it will stay in your credit report for seven years and 180 days from the date you first became delinquent.
_________________
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
 
Mary

Mary

Joined: 06 Jul 2006
Mary's page
Posts: 324



8704 Magic Points
 
 Posted on Tue Sep 30, 2008 8:45 am  
Even if you pay off the debt, it will reflect as negative in your credit report for seven years. You can definitely request your creditor or the collection agency to whom you paid back the debt to remove the listing from the credit report. But as Anthony said, the creditors generally do not remove it once you pay off the debt. However, you can definitely ask the creditor to change the status of the listing from "paid in full" to "paid as agreed" in your credit report. This will help you to improve your credit score.
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Where there's a will, there's a way !!
 
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