Another credit question. Removing old accounts before the 7 years are up?

Question

I have a Fair credit standing. I would like to ask collectors of 2, 4 year old charged off accounts that were sold to remove these items from my report. The accounts have been paid in full. Am I wasting my time sending letters to request the removal, may I offer to pay a fine for removal, or is it set in stone required that all negative credit remain for 7 years?

Answer 1

There is no set law that negative information has to remain on your credit report for seven minutes much less seven years. There are ways to get the negative information off of your credit report, though you will hear that such things are illegal or not possible. The fact is that I deal with situations like yours every day and I KNOW for a FACT that it can be done. It depends on how much work and effort you want to put into having it removed. If you are unwilling to do the work yourself, then it comes down to how much are you willing to spend to have it removed for you.

There are excellent rescources available all over the 'net that will tell you how to do it yourself. Sometimes you may even be successful. There are three legitimate credit restoration companies in the United States who will be happy to do the work for you for a price. And there are many fly-by-night companies and individuals who will be happy to take your money and maybe do the work and maybe not.

The point is, if you don't want to take the time to do the research and apply what you have learned, and decide to have someone do it for you, DO YOUR DUE DILLIGENCE FIRST! You can read my article in my blog at http://creditconcerns.blogspot.com/ that will give you helpful information on determining the difference between frauds and legitimate companies. Read it.

If you have any questions regarding your credit issues or concerns please feel free to email me at [e-mail]

Answer 2

if you close the account, the account status will be closed that means no more active. This history will be saved for 7 years. I never heard amount removing closed account information.
CLosed account information is also important and part of your credit report