Credit Score help...Paid Collections
2007-03-29 07:48:15 · 10 answers · asked by bizzle 2 in Business & Finance ➔ Credit
Time. The point of a credit bureau report is to show when and where problems were at. Unless you have a valid dispute for them, only time will remove them.
2007-03-29 07:51:49 · answer #1 · answered by wizjp 7 · 0⤊ 0⤋
You don't ! They do drop off after so many years . Just improve your credit now. Never go over 50% of what is High Credit on the cards you have . When you go over that 50% amount the scores drop very fast. Also if you have a car payment or any loans. Always pay them on the same day every month. This will show that you have your financial situation in control giving higher points to you on your reports.I do loans for Real Estate and I work with People with this situation all the time . Just make sure you have 3 or 4 good credit lines showing at least 24 months of no lates and you won't have to worry about that paid off collection any more .
2007-03-29 08:00:37 · answer #2 · answered by marshoberg55 4 · 0⤊ 0⤋
Time is the only thing that will remove it. Collections stay on your credit even if you pay them for 7-years.
2007-03-29 07:57:18 · answer #3 · answered by ? 7 · 0⤊ 1⤋
Send them a certified letter stating your account is paid off and remind them they legally have 30 days to mark it as paid. There are several credit companies you can go through that you can also pay a charge to be sure it is off within days. Good Luck! Jennifer
2007-03-29 09:01:36 · answer #4 · answered by Jennifer 6 · 0⤊ 1⤋
You will not be able to hide that part of your history.Even a late payments will cause some places to not give you credit or make loans because It raises a red flag.
Businesses ,banks, etc.consider your past credit history as an indicator of your future behavior.
2007-03-29 07:57:06 · answer #5 · answered by Cinna 7 · 0⤊ 1⤋
It will be on your credit for 7 years.
2007-03-29 07:53:23 · answer #6 · answered by Nasubi 7 · 1⤊ 1⤋
i don't think you can that the point of credit report so people can see if you have had anything sent to collections
2007-03-29 07:53:18 · answer #7 · answered by carly sue 5 · 0⤊ 1⤋
you shouldn't have paid it. they can report since last activity on account for 7 years. silly you. Call them and plea with them to take it off.
2007-03-29 07:54:48 · answer #8 · answered by mattymomostl 3 · 0⤊ 1⤋
it takes up to 7 years for it to be removed and u can try to call them and see if they will do it for u..
2007-03-29 08:20:01 · answer #9 · answered by shorty21 5 · 0⤊ 0⤋
try to call the collection agency and ask them what should you do?
2007-03-29 08:23:26 · answer #10 · answered by Anonymous · 0⤊ 2⤋