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Will paying off a collection item currently showing unpaid on a credit report immediately impact your credit score and by how much?
It will only hurt your score not help it if alot of time has already passed. This is because the credit report agency believes that it is a risk for someone to take a long amount of time to pay off a debt. Send the creditor a "pay for deletion" letter request by mail. Only when they agree in writing to completely remove the item once it is paid off is when you should pay them. If you still want to pay it and they do not agree to delete, at least get them to have it state PAID IN FULL. That will do the least damage. If they do not agree to mark it as PAID IN FULL and you still want to pay, go ahead and pay. Then wait some time, logon to dispute your credit file online with any of the bureus and say that the account was paid before it was sent to collections or something to that effect. Usually the creditor will not bother to answer with verification since they already got their money. If they do not answer it will automatically come off your credit report in 30 days. Hope this helps!
What else can I help you with?
If the date of last activity on a credit card collection for you is May 2002 why is it currently showing 90-120 days late?
contact the credit bureau and make sure there are no new fraudulent charges on it
Will a tax lien show up on your credit report if it is paid immediately after it is filed and there is no collection agency involved?
yes , sorry
Can a collection be put on credit report before they talk to you?
Type your answer here... do u know how much price of hny currently
If a collection account isn't a credit card does it fall off your credit report immediately once it is paid?
No. Negative entries concerning all creditor debts remain on the consumer's credit report for the required 7 years.
Can i apply for credit card if you have paid collection account on your history?
Yes. They will also consider how much debt your currently have and how you are paying your other current obligations as well. Just having a past paid collection will not hurt your chances in getting a credit card.
Recently got a letter from collection agency about unpaid dental bill from year 2000 never got a statement from the dentist?
Contact dentist immediately and see if you can still settle with dentist. If not, see if the collection company will give you a letter removing the late from your credit if you pay now in full. They will show you paid it in full but what you need is a removal letter from your credit if it was reported on your credit. Move quickly for the collection will stay on your credit 7-10 years.
What are some suggestions to clean your credit?
Some suggestions to clean your credit would be to buy something on your credit card and immediately pay it back, if you are currently employed part time you could try to get a full time job.
Buyers credit - Letter of credit?
A red clause letter of credit is similar to a letter of Credit which is written to state or confirm the availability of funds for a particular transaction between the seller and buyer. However, a clause is included in the letter stating that the stated amount or credit can be advanced immediately on showing the letter.
Can a collection agency remove a collection from your credit report?
Yes, a collection agency can remove a collection from your credit report if they agree to delete it as part of a settlement or negotiation.
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.
I paid a collection account off in full and it is showing refinanced or renewed. Is this good?
No it is not good. Any negative entry on your credit reports is a bad thing and can affect your score.
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.
