answersLogoWhite

0


Best Answer

It is always a good policy to attempt this. But whether or not you succeed in getting a paid collection account removed from your credit report is totally within the discretion of the creditor.

There is no law that requires or compels credit reporting. The Fair Credit Reporting Act states that IF an account is reported, then it must be correct. Therefore, collection agencies and creditors usually will tell a consumer that they "must" by law report the accurate nature of the account, which would be a paid collection, as opposed to removing the account.

User Avatar

Wiki User

8y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: If you owe money to collections and you pay it can you get these items removed from your credit report?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Finance

When an item goes off your credit report does your credit score increase?

When a derogatory item is removed from your credit report, them yes, your score increases. If you have a credit account with no derogatory items (late payments) and you close it, then your score is likely to decrease.


If you have a repossesion on your credit report when you file for bankruptcy will that be removed from your credit report?

No. The repossession will be its own listing. If is was including in the bankruptcy, it will be listed as 'included in bankruptcy' but it will still be listed as its own listing.UPDATE: Actually, you can force Equifax, Experian and TransUnion to remove a Bankruptcy from your credit report and you can do it legally using a federal law that is in place. Credit Bureaus MUST have "verifiable proof" of the "bankruptcy" in their files if they are going to report the negative item on your report. The dirty little secret the credit bureaus don't want you to know is that they do not have any "verifiable proof" in their files for any of the negative items on your credit report. The Federal Court that the bankruptcy was filed in may have this information on file but the credit bureaus don't. If you request the credit bureau to provide you with the "verifiable proof" that they have in their files they will remove the negative from your file.Not only can you get a Bankruptcy Legally Removed from your credit report but you can also get Foreclosures, Default Judgments, Tax Liens, Repos, collections etc...all removed. All negatives no matter how bad, how many or how recent ... they all can be removed legally!


Can a credit repair company get judgments deleted from your credit report?

Credit repair companies can remove anything that is being reported to your credit report erroneously or inaccurately. The Fair Credit Reporting Act was put into place to protect consumers from credit reporting errors. All negative items including judgments are including in this. Credit repair clinics are familiar with laws like the Fair Debt Collections Practices Act which they commonly use to ensure that any outdated information is removed from your credit file.


Credit score of 628 you recently got your credit report and found errors and had three bad things removed from your credit report How much should that bring your credit up?

It depends on what the three derogatory items were. In general, deleting the three errors would increase your credit score 40-60 points, but if other factors were still present on your score model such as past-due delinquent accounts, collections and liens there could be as little as a 5-10 point increase.


How can you mend your credit after a paid collection?

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.

Related questions

How can you remove items on your credit report that has already been paid?

first dispute the paid items. If they are paid then they should be removed with this step..


When an item goes off your credit report does your credit score increase?

When a derogatory item is removed from your credit report, them yes, your score increases. If you have a credit account with no derogatory items (late payments) and you close it, then your score is likely to decrease.


How long will bad credit card debt stay on credit reports in Ohio?

In the majority of situations, bad credit items are supposed to fall off your credit report after 7 years, HOWEVER, this doesn't always happen. After the fall of date has passed, it is best to get a copy of your credit report to insure that negative items have been removed. Know your rights and get a Free Copy of Your Credit Report from the credit bureau


How long do medical collections that has a status of Chapter 7 stay on credit report?

Included in bankruptcy accounts and collection items both stay on your report for seven years maximun per the fair credit reporting act. The answer is 7 years.


If you have a repossesion on your credit report when you file for bankruptcy will that be removed from your credit report?

No. The repossession will be its own listing. If is was including in the bankruptcy, it will be listed as 'included in bankruptcy' but it will still be listed as its own listing.UPDATE: Actually, you can force Equifax, Experian and TransUnion to remove a Bankruptcy from your credit report and you can do it legally using a federal law that is in place. Credit Bureaus MUST have "verifiable proof" of the "bankruptcy" in their files if they are going to report the negative item on your report. The dirty little secret the credit bureaus don't want you to know is that they do not have any "verifiable proof" in their files for any of the negative items on your credit report. The Federal Court that the bankruptcy was filed in may have this information on file but the credit bureaus don't. If you request the credit bureau to provide you with the "verifiable proof" that they have in their files they will remove the negative from your file.Not only can you get a Bankruptcy Legally Removed from your credit report but you can also get Foreclosures, Default Judgments, Tax Liens, Repos, collections etc...all removed. All negatives no matter how bad, how many or how recent ... they all can be removed legally!


Can a credit repair company get judgments deleted from your credit report?

Credit repair companies can remove anything that is being reported to your credit report erroneously or inaccurately. The Fair Credit Reporting Act was put into place to protect consumers from credit reporting errors. All negative items including judgments are including in this. Credit repair clinics are familiar with laws like the Fair Debt Collections Practices Act which they commonly use to ensure that any outdated information is removed from your credit file.


How do you clean your credit score?

The best thing you can do is work on removing the negative items that are hurting your credit score. That means disputing to the credit bureaus the items that are pulling you down. They will have 30 days to verify the item being disputed or it must be removed from your credit report.


Credit score of 628 you recently got your credit report and found errors and had three bad things removed from your credit report How much should that bring your credit up?

It depends on what the three derogatory items were. In general, deleting the three errors would increase your credit score 40-60 points, but if other factors were still present on your score model such as past-due delinquent accounts, collections and liens there could be as little as a 5-10 point increase.


How do you get items removed from your credit report if they are older than seven years?

You can write to the credit reporting agency with all the facts and they should be able to remove the items. Be aware though that some things stay on for 10 yrs.


How do you get judgments that are paid removed?

Judgments will stay on your credit report for up to 7 years whether paid or not. You can dispute your judgments to the credit bureaus by sending dispute letters to each of the credit bureaus. The credit bureaus will have to investigate the items and if they are paid they have a greater chance of being removed.


Does having items removed from your credit report raise your score?

The only way to have items removed is to get errors removed, and that is if you can prove it legitimately. Item removal typically won't raise a score but the top way to raise a score is to PAY YOUR BILLS AND PAY THEM ON TIME.


How long will a car repossession be on credit?

Like other credit items in your history (other than bankruptcy) it will remain on your credit report for 7 years. You may be able to have it removed sooner if it is not documented properly.