0
A charge off CAN be removed in exchange for payment in full, if the creditor choses to do so. Their only obligation is report the correct nature of the account, which would be a "paid charge off". However, it is a good idea and practice to negotiate for removal of the tradeline. Credit reporting is a voluntary activity. There are no laws or regulations which require any business to participate. If a creditor does report, they are required by law to do so accurately.
Wiki User
∙ 8y ago
Add your answer:
Earn +20 pts
If you settle an old credit card debt with a collection agency paying the negotiated price in full will the collection agency remove the collection from your credit report?
No the collection will not be removed from the credit report. They will show it paid in full.
How do you get a charge-off removed from your credit report after you have paid it in full?
You should send notification to the collection agency you paid in full. They will have the status changed. Carbon Copy the credit bureau.
What does debt outstanding mean?
That u payed your debt in full
How can a State Tax Lien be removed?
You can do this by requesting a printed credit report. Then you have to contact the state tax office to resolve any issues or debt. If there is a debt, you must pay it. Then, write a letter to the credit bureaus stating you have paid the debt in full. Credit bureaus may take 30 days to respond.
Will paying a charged off credit card debt to an outside collection agency help your credit rating?
No, not unless you pay the full required payments without default, which is the same as paying for the card normally. Once you default on a payment your credit rating starts to drop.
Can charge offs be removed from a credit report because the person has a medical condition that prevents them from working?
No. Personal financial difficulties regardless of there nature is not a legitimate defense for not paying a debt or for having the negative entry removed from the credit report. You will notbe able to remove charge-offs from your credit report unless you can pay the entire balance in full and negotiate with the original creditor.
If you settle an old credit card debt with a collection agency paying the negotiated price in full will the collection agency remove the collection from your credit report?
No the collection will not be removed from the credit report. They will show it paid in full.
What sort of letter do you write to have a slowly paid-off debt removed from your credit report?
The debt will only be removed when it is paid in full. Or when the SOL of the debtors state of residency applies.
The objections to paying off the national debt at full value included?
Many farmers and soldiers had sold their bonds to speculators at greatly reduced prices, and if the national debt was paid off at full value, the speculators would reap the benefits, while the original bond holders would lose out. Alexander Hamilton was a proponent of paying the debt off at full value.
Can you avoid a summons by paying the debt in full?
The debt is medical costs and is only a few hundred dollars, which I can easily pay and hope to avoid court appearance.
Is there a way to get out of a writ of execution?
Other than paying the debt, the only method for having a judgment quashed is to prove that it is invalid due to the content or the method in which the named person(s) was notified. Unlike the lawsuit summons itself, a debtor must receive and acknowledge the receipt of a final judgment notice before the judgment can be enforced.
What does the term debt peonage refer to?
Paying for things through labor but never being able to pay in full.
What condition does the term debt peonage referred to?
Paying for things through labor but never being able to pay in full.
How can you define loan recovery?
Loan recovery is when a loan or debt is recovered either in part or in full. This happens after the loan has been classified as bad debt, meaning the borrower will not be paying it back.
Where can I watch the full San Andreas movie?
You can watch San Andreas movie in full length at Unlimited Animation Movies without paying any charge.
How can I stop a Writ of Execution in Texas?
You can resolve the execution by paying the debt in full. The creditor will notify the court of the payment and the execution will be dissolved. If the execution was recorded in the land records the court will issue a judgment satisfied certificate that must also be recorded.You can resolve the execution by paying the debt in full. The creditor will notify the court of the payment and the execution will be dissolved. If the execution was recorded in the land records the court will issue a judgment satisfied certificate that must also be recorded.You can resolve the execution by paying the debt in full. The creditor will notify the court of the payment and the execution will be dissolved. If the execution was recorded in the land records the court will issue a judgment satisfied certificate that must also be recorded.You can resolve the execution by paying the debt in full. The creditor will notify the court of the payment and the execution will be dissolved. If the execution was recorded in the land records the court will issue a judgment satisfied certificate that must also be recorded.
What are strategies to repair my credit rating?
Don't get yourself into any more debt! Focus on paying off your bills and doing everything you can to stay ahead and keep moving forward! Always pay your credit card in full...never just the minimum. Credit card companies charge you interest on the full amount, even if you pay the minimum.
