i paid off a bunch of bills on my credit report and my report hasnt been updated. i have since disputed them and asked that they update them. the first question is if you have paid them off and then dispute them will the creditor not respond because they got their money and second question is it likely that the credit bereau will delete them ( if i dont ask that they be deleted) because the creditor did not respond and if they dont respond should i dispute them again and try to have them deleted?
2006-09-06 17:05:27 · 10 answers · asked by marylandterpnnebraska 2 in Business & Finance ➔ Personal Finance
once you have deliquent bills on your credit report, its not taken off because you paid it. it will show on your credit report the deliquency for the next seven years. you can only dispute the things that are not accurate on your report.
2006-09-06 17:09:13 · answer #1 · answered by Anonymous · 0⤊ 1⤋
If I understood you correctly, you stated that you disputed your credit report(s) with the creditors. If this is the case, you are correct, they received their monies and could care less what your credit report states. You should dispute these items with all three credit bureaus (Experian, TransUnion and Equifax) NOT the creditors. The bureaus will in turn investigate your claims and act accordingly. When disputing these items make sure you send copies of your receipts so the investigation will go more smoothly.
These bills will not be deleted from your credit report because of "recent activity on the accounts". These items will stay on your report(s) seven years from their pay-off date.
2006-09-06 17:26:32 · answer #2 · answered by ajd1bmf 4 · 0⤊ 0⤋
If you are concerned with the exorbitant amount of time it takes for credit reports to be updated, then you may request a letter from the creditor. This letter will show that you have paid the debt (and it's a good thing to have receipts too, if you received them).
When your report is updated, it won't delete these items from your listings, it will only show that the balance is now zero. It will still reflect that it was a "late pay" or "refer to collection."
2006-09-06 17:18:20 · answer #3 · answered by kaylora 4 · 1⤊ 0⤋
If the status is paid charged off - the creditor charged off the loan but still gives you credit for repaying it.
That's going to be on your record for at least 7 years. Better keep the contact info for the creditor handy.
2006-09-06 17:15:49 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Your credit report may show those bills being paid and the balance as zero but the delinquency note will not go away till the cycle is complete. It will be on record for a while.
2006-09-06 17:13:37 · answer #5 · answered by worldneverchanges 7 · 1⤊ 0⤋
If no response from your credit report or the creditor, check this site out @ http://www.consumerlaw.com/credit.html - then you can file a complaint with your state attorney generals office and the federal trade commission; Hope this will help; It helped me.
GOOD LUCK
2006-09-06 17:15:43 · answer #6 · answered by mike 2 · 0⤊ 0⤋
As long as you have your receits you'll be fine but the creditor has to update that info
2006-09-06 17:08:21 · answer #7 · answered by sugarbdp1 6 · 0⤊ 1⤋
I would take legal action as soon as possible. Cause if you don't then you may have done the wrong thing to pay them off all at once.
2006-09-06 17:12:49 · answer #8 · answered by Krista G 1 · 0⤊ 2⤋
wooohooo on paying off your bills....thats GREAT!!!! I wish I could too....
2006-09-06 17:11:38 · answer #9 · answered by just2wild4ya 4 · 1⤊ 1⤋
They will never go away...Should have saved your money...
2006-09-06 17:10:58 · answer #10 · answered by Gizmo 4 · 0⤊ 2⤋