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If you pay a collection agency does the collection come off of your credit report?
Wiki User
∙ 15y ago
Yes you tell the collection agency you will pay ONLY if they can give you a letter that say they will delete the item from your report it's call pay for deletion
Wiki User
∙ 15y ago
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Is it possible to get an instant credit report?
An instant credit report will almost always cost you money. Depending on your circumstances and how quickly you need this credit report, it may be more worthwhile to send an application to a proper credit reporting agency. There are several instant credit report companies on the Internet and they are not always certified. You may equally be able to get an instant credit report from a proper credit reporting agency. This may come by fax or e-mail. It is not a very common practice to obtain instant credit reports more than once.
Do I need a credit agency to monitor my credit?
Their are certainly credit agencies that can help you monitor your credit, however, they usually come with a maintenance fee. Creditscore.com is a reputable credit agency.
If a debt is sold to another company for collection does it take another 7 years from the transfer of debt for it to come off your credit report in California?
The date of first delinquency should be the date that starts the clock for the 7 years. Meaning if you went 30 days late in April 2005, on a credit card, and then 60, 90 then 120, then the account would go to charge off status but the date of first delinquency would be April 2005. In CA, 4 years from the date of first delinquency is within the statute of limitations is in effect that a creditor or collection agency can sue you for the amount owed. This will vary from state to state, If the collection agency sells the collection to another collection company, the start date is the date of first delinquency, April 2005. If the collection agency changes the date, that is called re-aging and is illegal unless you set up new terms with collection agency
Can late payments come off your credit report?
Yes late payments can come off your credit report. They can be removed by either the original creditor that put it on there or by the credit bureaus. You can dispute late payments on your credit report with the credit bureaus using the Fair Credit Reporting Act. The FCRA requires the credit bureaus to contact the creditors to verify the late payment. If the late payment isn't verified it must be removed.
Can a credit card company collect on a debt over seven years old?
Yes. Even though the chargeoff line item should come off of the credit report in seven years, the credit card company may attempt to collect their debt for as long as they wish (assuming no fair credit collection laws are broken in the process).
If a debt has been paid to the original creditor and they recall it from their collection agency will a dispute succeed in having it removed from the credit report?
Hard to say. Disputing the collection after you pay off the creditor could still come back as 'verified' from the credit bureaus simply because the collection did happen. If the collection agency does not respond to the credit bureau's query, then the entry will be removed.
If a charge off has just come off your credit report can a collection agency or debt collector put it back?
NO! Once a debt has reached it's statute of limitation it must be removed from your credit report. If a collection company reports the bedt with a new date dispute it immediatly because what they are doing is illegal.
Debt paid off to collection agency when will they notify credit agencies?
Unfortunately, I know from experience. I've been told that they would be notified immediately. However, it can take at least 3 months to come off of your credit report. Don't forget that you can get 1 free credit report a year from the government.
Can a reporting agency change dates on credit report after a dispute?
Yes, the credit reporting agency can update the Date of Last Activity, Date last Reported, etc... But they cannot change the FCRA compliance date, which is the date the account is supposed to come off your credit report.
If a bankruptcy was discharged in 1993 does it automatically come off of your credit report and how long after What if it's still on your report?
Bankruptcy can stay on your credit report for up to 10 years. If you obtain the credit report directly from the credit reporting agency (ie. Equifax, Transunion, Experion) the report will provide you with directions on how to dispute the information.
If a few payments were made to a collection agency for a repossession after the fact will the repo come off of the credit report 7 years after the repo or 7 years after the few payments were made?
The report will be removed 7 years after the date of the last on time payment to the original creditor.
Is it possible to get an instant credit report?
An instant credit report will almost always cost you money. Depending on your circumstances and how quickly you need this credit report, it may be more worthwhile to send an application to a proper credit reporting agency. There are several instant credit report companies on the Internet and they are not always certified. You may equally be able to get an instant credit report from a proper credit reporting agency. This may come by fax or e-mail. It is not a very common practice to obtain instant credit reports more than once.
Is the court likely to let a collection agency get a judgment against you if there is less than a year left on a auto repossession before it has to come off your credit report?
It is a situation a matter of what you are behind on. You can lose a car and have judge,ent against you for owing a few dollars.
How long can a collection agency come after old debt that does not show up on a credit report any longer?
There are very few states that have laws regulating the attempt at collection on old debts like these. However, if you live in New Mexico and very shortly NY they have to inform you that they have no legal recourse and you have to pay it out of the goodness of your heart. Collection Agencies in Mississippi and Wisconsin have to clear the tradeline on the credit bureau as soon as the account is past the Statute of Limitations.
How bad does it ruin your credit to get sent to the collection agency?
Having a collections company on your credit report is not good, but if you make payments to the collection company on time and dont miss any, your credit can come back to where it was before collections started.
Do addresses come up on credit report?
Yes, addresses come up on a credit report. Generally, the most recent four addresses are represented on a credit report - the current address and the three prior addresses. Not all credit reports are up to date, however, so there may be less recent addresses in the credit report and it is up to the individual to update the credit reporting agencies. IN the United States there are three (3) credit reporting agencies and every citizen is allowed to get a free copy of their report from each agency on an annual basis. Be sure to check your credit report from each provider at least once per year and request updates to addresses that are out of date.
Do I need a credit agency to monitor my credit?
Their are certainly credit agencies that can help you monitor your credit, however, they usually come with a maintenance fee. Creditscore.com is a reputable credit agency.
