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How do you ask collectors to remove their listing on your credit reports completely in exchange for your payment in full do you get a letter first?
Wiki User
∙ 18y ago
Negative information cannot be removed from a CR if it is a valid entry. The debt will remain on the report for the required amount of time, generally 7 years. If the debt is paid or satisfied the CR entry should reflect the action. Negative information that is VALID cannot be removed from the report until the requied time limit has expired. Any creditor who falsifies a report by stating a validly reported debt was a mistake is subject to penalties by the FTC under UCC laws. *That is incorrect. Any information can be removed by the source. if that were true than incorrect information would never be able to be removed. Incorrect information is removed all the time. If a creditor decides to strike a deal with you to remove information they provided to a credit bureau all they have to do is file to have it removed as misinformation.
Wiki User
∙ 18y ago
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If a collection agency is after a small amount of debt and you pay that amount in full how will this payment improve your credit score?
It can improve your credit score a little, but to make the best improvement possible contact them and negotiate to have them remove their listing on your credit reports completely in exchange for your payment in full. This will help your credit FICO score the most.
Can collectors make you pay?
No. Debt collectors contracted by the owner of the debt to contact the debtor for payment. In most cases they will say anything and harass you into make a payment. Depending on how their payroll works- If you do make a payment, they get a comission on the payment you make.
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What is the job description of collectors?
A collectors job description includes; following payment commitments, identifying delinquent accounts and calling when payment is late, keeping the Department Manager updated on problem accounts and to provide customer service to customers.
What form shows how a loan is paid by listing the principle and interest associated with each payment?
The listing of payments that shows prinicipal and interest is an amortization table.
Which of these shows how a loan is paid by listing the principal and interest with each payment?
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usance
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An amortization table
Which of these sHow is how a loan is paid by listing the principle and interest associated with each payment?
An amortization table
Is a good that all people accept as a means of payment?
medium of exchange
