 Can anybody help me to find the right credit card, please!? |
| Its been almost 3 years since I got my first Bank of America's Debit card. My friends still asking me..."Why you don't have a Credit card, yet?"...and my answer every time was the ... |
|
 I was refused credit by a credit card company. Can I get a credit report for free ? |
| Can i get my credit report for free if i submit this credit refusal letter to the agencies? T... |
|
 My dad died last January, and a bill collector is sending me 2 bills daily? |
| Someone hooked a cell phone up in my dads name and all of the sudden, dad started getting People magazine in Spanish. My dad was never able to speak spanish and would never have ordered a ... |
|
 Anyone know debt-collecting laws? |
| Can a company collect on a judgment debt that is 15 years old? It's not a real estate or secured loan, just money that was owed. My co-worker is getting letters and calls from a collection agent ... |
|
 Capital One Credit Card Debt? |
| I'm finding I can't afford the payments to Capital One anymore. I owe them a total of $4900.00. I've called them and asked them for a lower interest rate and they stated I'm at ... |
|
 Does anyone know where i can get an auto loan? |
| my credit isnt great because i had to let the bank take my truck when i lost my job which was months ago now i need a car and i dunno who will finance me i found the car im in love wit only 8,000 not ... |
|
 Can being having my tuition payment given to a collection agency effect my credit rating? |
THis is specifically in toronto canada
I have not graduated but they are sending my file to a collection agency
I dropped those classes but they are still charging me like 75% ... |
|
 How do I get out from an upside-down car loan? My work has cut my hours and I can't afford the payments.? |
| My credit is bad as it is and I had a prior repossesion 3years ago, I don't need another! I tried contacting the creditor but the will not work with me at all. I have tried several other credit ... |
|
| What can I do regarding a late fee for credit card payment? |
| I signed up for a credit card in JJB sport shop and was told I've about 52 days to make the first payment. I spent about £17 which I paid within this 52 days. That's a while back. Recently ... |
|
 Im told I have a lousy credit score for various reasons but Ive never had a credit card. How can I get one? |
| Im not in debt now and I own my car paid in full.The only ones ive been offered are insured or secured cards and I see them like a debit card.Will these cards proper use be the doorway to a real ... |
|
 What if a collection agency sends you bill after bill after month after month and you don't pay? |
| Will they take you to court? I have this big bill of like 700 some odd dollars that I can't pay. If they can send you to court, how long do they wait?... |
|
 Is this credit fraud and what could i face in court? |
| my dad and i have the same name. he allowed me to use his credit card to make a 5k charge while i was still living at home. i now live in another state and he now is threating to press charges. its ... |
|
| Has anybody ever used a credit repair company? |
| In particular a company called credit for all or any other repair company.They say they can remove bad credit from your file mainly because most of the finance companys dont keep great records thus ... |
|
 Does identity theft have a connection with car theft? |
Additional Details
lets say you leave your credit card inside your car and your car gets stolen.... |
|
 Fico score of 683, but Wells Fargo denied car loan. Can I get a pre-appro. loan elsewhere? |
| Fico of 683, but WFargo denied me a pre-approved car loan due to bankrupcy 4 yrs. ago and a charge-off on a car loan to another bank 6 yrs. ago. My credit since bankrupcy is great. I have three 8.9%... |
|
|  |
lakishaevans | When you pay off collection accounts, can they be taken off your credit report completely? |
I have accounts that I have made payment arrangements on and now they are completely paid off but they are still listed on my credit report but the status says "paid in full". I heard that you can get paid acounts taken off of your credit report. |
 |
 
Shauna
|
It is kind of a double edged sword.
If you pay off your accounts, they can list on your credit report that they are paid in full. However, because the damage is already done (as in you were late, defaulted, derogatory credit, etc.) it is still going to be on your credit report. I know paying the debt off doesn't seem like much help, does it?
Prior to paying off the debt, you should have gotten in writing that you would pay off said debt within X amount of time and that the company would remove all information from your credit report. It is probably too late now, but you may as well try.
Worst case scenario, it will all have to be off of your credit report 6 years and 7 months after the first day that the account defaulted. Hopefully you have some proof of this, because you'll have to petition the credit bureaus. (I had to do this, because my accounts kept being sold and therefore showing as current, even though they had defaulted 7 years prior.)
Good luck. |
|
Lisa A
 |
They will be listed for the next 7 years.
If you wanted them taken off, the only way you could do it was to negotiate before hand. What you could have done was to get it in writing, signed and notarized, that the creditor would remove the accounts from your credit report in return for the new agreement to pay in full.
You have no negotiating position whatsoever at this point though. And I hope there is no "next time" for you to be in this situation, so my advice is a bit useless, but you asked. |
|
Byron W
 |
The problem is that the credit reporting lag time is too slow. More than that, you are the only one with a vested interest in getting exactly what you are talking about off the report. Check out this credit place http://www.jdoqocy.com/click-1995821-10293241. They might be able to help you. |
|
Ivegotquestions
 |
I believe it will stay on your credit report for 7 years after the last date of activity. |
|
sdmike
|
All answers are right - 7 years to fall off from last activity date (today) - but there is more. Credit bureaus have to have "verifiable" info to report it on your report. If there is a dispute, they have to be able to verify the accuracy with the collection agency within 30 days, or the whole thing comes off. Often times the collection agencies are sloppy about how they report accounts, incorrect amounts, dates, original creditor names, etc. When you owe them money they are VERY diligent about responding to verification requests. HOWEVER, after they are paid, who cares? They are more likely to fail the 30 day response requirement.
If you see any hint of an error on a PAID and CLOSED account - dispute it in writing, but wait a few weeks from the pay off date to give them a chance to lose your file...
Good luck! |
|
Simple1
|
I dont know but i need to start clearing up some of my shyt |
|
Cuteness
|
you can, but its up to the creditor to make that decision. You have to beg and plead and some times they still wont take it off! Good luck! |
|
desertsally
 |
No! They will not be removed from your credit report. However, it will raise your credit score if they are paid. It will take several years before they will disappear off your credit report. Also, they take points off your credit score for every time that your credit report is ran by anyone. So, it is a good idea to keep your credit applications down to a minimum. |
|
Long Island GQ
|
No. It takes 6 years or so for it to come off your credit report. Listen to me very carefully... Make sure you keep documentation on the PIF and have the company send you someting in writing if you don't have anything. You may get other phone calls from different companies about the same exact issue. This happened to me twice for a cell phone bill and i had to send proof i PIF |
|
Big B
|
No, there is no way to have them removed completely. Once they are paid, they will show up as paid collections. As a Credit Analyst myself, unless there are an abnormal number of collections reporting on an individual's credit report, as long as they are paid, we don't even take them into account when making our decision. If they remain unpaid, some companies have policies stating that they will not lend to any customer with collections, public records, or liens reporting on their credit bureau. They will continue to negatively impact your credit score until they are paid, but once they're paid, you can begin to rebuild your score. |
|
logan
|
The answer to that one is no. Couple of things you can do is to dispute the item. If they do not get a reply then it will come off. But basically the collection agaency is under no obligation to remove it.
Paying these in reality did nothing to help you in your credit situation. What you should have done is have a written agreement with the collection agency first. They will tell you they can't remove it. Not true they can if they so desire. I have fought this for a lot of people and it can be done.
Also you should have made them validate the debt first not verify it. Validation is very hard for them to do and if they can't it has to come off. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
11 | 18 minutes(s) ago
| | | |
11 | 36 minutes(s) ago
| | | |
11 | 48 minutes(s) ago
| | | |
7 | 1 hour(s) ago
| | | |
11 | 4 hour(s) ago
| | | |
11 | 7 hour(s) ago
| | | |
11 | 2 day(s) ago
| | | |
11 | 6 day(s) ago
| | | |
11 | 1 week(s) ago
| | | |
11 | 2 week(s) ago
| |
|
Homepage 
Financial
Forum 
Credit 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
