I have several late payments on accounts that closed long ago. Can I get them cleared?
2006-11-03 03:51:06 · 6 answers · asked by Thundercow 2 in Business & Finance ➔ Credit
kc_warpaint's response is pure collection agent BS! You are trying to fix your credit! Why pay off a debt and still end up with bad credit? Doesn't make sense.
There is only two ways to get "correct and accurate" negative information removed from your credit report.
1) The creditor must remove it
2) The creditor fails to respond to an investigation from the credit reporting agency.
So what to do? In step #1 you could contact the creditor, offer to pay off the debt, but ONLY if they agree to remove the entry from your report. You probably don't have the money....and many creditors do not like to cooperate. They are generally not interested at all in helping you out.
So lets just work on step #2. See the links below. It involves sending dispute letters out to credit bureaus, demand letters to creditors, and lots of patience.
But note that if everyone does what they are supposed to do, negative information may not be removed until the reporting period expires. That time period is 7 years, beginning from the date of the delinquency.
2006-11-03 05:24:18 · answer #1 · answered by Anonymous · 1⤊ 1⤋
If you have outstanding bills, call the contact number for each bill and offer a settlement -- they will sometimes settle for a percentage of the debt owed just to clear the account. Pay off the bills, and wait. It can take up to 7 years for good or bad credit items to fall off your credit report. It's up to the individual business whether to continue to report it after the bill has been paid to maintain the negative credit hit -- some do, some don't.
2006-11-03 12:14:24 · answer #2 · answered by kc_warpaint 5 · 0⤊ 0⤋
That is something that is history, can't be taken off of the credit report, it will fall off after 7 years so that is good depending if you are almost near the seven years, if they are closed that is what you should be worried about more
2006-11-03 13:31:18 · answer #3 · answered by Nattiedred 3 · 0⤊ 0⤋
Yes, go to one of those places where you can get you credit report online for free. When your report comes up you will have the option of disputing anything that you think should be taken off. Once they have researched it, they will send you a report via e-mail to tell you what, if anything, they did. (We used myfreecreditreport.com)
2006-11-03 12:01:53 · answer #4 · answered by ♥Stacy 6 · 0⤊ 0⤋
If the payments are accurate, no. They will fall off in 7 years though.
2006-11-03 21:27:40 · answer #5 · answered by Mariposa 7 · 0⤊ 0⤋
They will automatically drop after seven years.
Been there,done that.
2006-11-03 11:53:18 · answer #6 · answered by Anonymous · 2⤊ 0⤋