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On my transunion report it shows an estimated date that an item will be removed from credit report, does that mean it will not affect my credit or credit score anymore after that date? and will it dissappear from all three bureaus?
Yes, that's right.
nika
Technically, your credit score should improve once the collection is deleted from your report. That debt will no longer affect your credit score. But you will have to work your way up with your score. This takes time.
A bad mark on your credit stays for 7 years. Once it falls off and you have kept a good report since it was put on there then yes it should go up fairly fast. Just remember if you make a payment on that old debt that is about to fall off you will reinstate the debt and it will continue to remain on there for another 7 years from the time of your last payment. It also opens you up for legal issues and you could have to repay the debt. Good luck with your score and keep in mind a good score is one of the most valuable things you have.