7 to 10 yrs from the time it appeared initially on your credit. Contact original creditor & see if they will help you with a letter saying there was a billing error, send the letter if you can get one to the collection company & have them remove the collection account for it was entered in error. Cry a lot and ask for mercy.
Short Answer: Yes. If you were deliquent, and then paid, it will show that you paid, but were late. And that stays on your credit for seven years. Sometimes you can negotiate with the collection firm to have it removed from your credit in exchange for payment.
Nope ... they remain due until paid, and will remain on credit rating until the debt is settled.
If the debt originated after December 1997; it may remain on your credit report for 7 years plus 180 days from the last time it was paid on time.
Once the account is paid it will update and report as such and remain on your file until it has reached the SOL for reporting which is 7 years
Only the credit bureaus the collection agency can remove a collection from your credit report. The collection agency won't do it now since it is paid and they have no reason to. You can dispute it to the credit bureaus and ask for verification on the account. They will have 30 days to verify the items or it must be removed from your credit report.
All valid negative entries on a credit report remain for the required time limit. Medical bills that were referred to collections would remain on the report for 7 years even if they are paid. The impact of paying a debt upon one's credit score cannot be determined as scores are based upon the consumer's entire credit history.
Judgments will remain on a credit report for the required 7 years regardless of the status.
No. Negative entries concerning all creditor debts remain on the consumer's credit report for the required 7 years.
The original account with a normal credit company went to a third party collection agency. Only after it went to the collection agency was the debt paid and then the account closed.
No the collection will not be removed from the credit report. They will show it paid in full.
The Fair Credit Reporting Act allows charge offs and collection accounts to show for 7 years, plus 180 days from the last time you paid the account (on time) immediately prior to the charge off.
Until you clear your debt and your good with the company. After that it will stay on there for about a year but will also have that you paid your money. If you havent paid your debt, then it will remain on your credit history.
Not much other than having the collection marked from unpaid to paid. If you are paying off credit collection companies, negotiate to get a letter from them telling you that the amount you are paying is the balance as agreed and that they will remove it from your credit report. Do not pay until you get that letter. If you pay without doing that, it will stay on your credit report for about 3 years depending on when the collection was first put on your credit report. The fact that you paid it already just says on your credit report that instead of unpaid the collection is marked as paid. If you already paid either repair your credit or get a reputable firm in the BBB who has a money-back guaranteed policy.
Unpaid tax liens remain 15 years from the filing date. Paid tax liens remain 7 years from the paid date of the lien.
No, it will show on your credit report as a paid collection/judgement and will fall off of your credit report in 7 years. After you pay the debt keep all receipts and check your credit report in about 60 days to make sure they reported it as paid. Many collection companies never report it paid.
Nothing, a paid collection reporting on your credit report is just the same as if it was reporting unpaid, they both are negative entries.
The Fair Credit Reporting Act allows unpaid tax liens to remain indefinitely on your credit report. Paid tax liens may remain for 7 years from the date of payment.
This will stay on your credit indefinitely until it is paid. Once it is paid, it will show a zero balance, but your credit report will still show that you did have a judgment at one time. It will stay on the report for approximately 7 years.
If they reported your account to the credit bureau, your score will decrease whether you paid it or not.
Paid tax liens normally remain for 7 years beyond the date of last activity. Unpaid tax liens can remain for 15 years.
A paid judgment stays on a person's credit report for seven years. An unpaid judgment also stays on the report for seven years, but may be renewed. Tax liens are another item that stay on a credit report for seven years, if paid. If not paid, they remain on the credit report indefinitely.
It sticks for 7 years. The fact that it was turned over to a collections agency will make it to your credit report. When it is paid in full, it will say "settled" on your credit report so other creditors know you took care of the debt. Even so, it still haunts your credit report for 7 years.
If the account is legitimately yours, then you cannot legally have it removed from your credit report. However, if you paid the collection account off, it should be reported as paid on your credit report. Still, the accounts will not be removed from your credit report for 7 years.