Can I request that a collection agency take a debt off my credit after I pay it all off?
2006-12-31 11:16:47 · 6 answers · asked by Wendy H 2 in Business & Finance ➔ Credit
I mean immediately when I pay it off. It isn't coming off for 4 years from now, but if I pay it off in 2 years, I want to tell the collection agency I'm not paying unless they take it off in 2.
2006-12-31 11:20:56 · update #1
The deal is that you have to get them to agree to it, in writing, before you pay it off. And they have to agree to remove it, not show it as paid. A lot of agencies will initially tell you that they legally can't do this,but it's bunk, they can and will if they believe it's the only way to get your money. Keep going over the person's head until you get someone to agree to this. And remember, delete, not paid. Paid will just re-age the account to new and will keep your score depressed. Otherwise, if you just want it shown as paid, they legally have to do this. Get a letter from them each month and send it in to all three bureaus if you like -- or every 6 months or whatever - and they will update your balance. Good luck!
2006-12-31 18:30:57 · answer #1 · answered by Anonymous · 0⤊ 0⤋
You can request for the agency to remove the collections record immediately but it probably will not happen right away . It could take anywhere from 30 days to six months to remove. If you have to wait for more than a month, normally the collection agency or the client will send you a letter stating the account has been paid in full. After you get the letter, its probably best you send copies to the CBRS so they can remove it.
2006-12-31 19:34:42 · answer #2 · answered by vsweety 5 · 0⤊ 0⤋
Yep, there's a statute (sp?) of limitations that collection agencies have to collect, thats why they're so eager to get the money from you because if they wait for a certain period of time (7 or 10 years depending on where you live), legally, they cannot collect from you anymore. I had the same situation with Worldcom when they were my cell phone service provider. They tried to charge me with a 500 dollar bill, I went to an attorney and fought it and they tried to send several different agencies to collect for me but time eventually ran out
2006-12-31 19:29:40 · answer #3 · answered by millenium_ryan 3 · 0⤊ 0⤋
They can. The question is will they. I was cleaning up my credit. I had a really large bill , and a small one. I settled both. They took it off for the big one, but the agency for the small one is still dicking me around. Its been two years now since I paid it.
2006-12-31 21:02:15 · answer #4 · answered by Anonymous · 0⤊ 0⤋
definitely yes, as a matter of fact, a collection service has to banish your bill after a certain length of time. some states seven years, some 10. It's called an "outlaw" account.
2006-12-31 19:18:51 · answer #5 · answered by unclelarrysbusiness 2 · 0⤊ 0⤋
they cannot remove it,if it is a default,but they can mark it as settled,although it can take a few weeks depending on how often they send an update,they can tell you before you pay it how long it will take.
2006-12-31 19:34:56 · answer #6 · answered by NATALIE W 3 · 0⤊ 0⤋