Requesting debt in collection be removed from credit report?

Question

I was told by a mortgage company that I can request that a debt in collections be removed from my credit report without having yet paid the entire debt. I do make monthly payments and would like to request for this to be removed from my report to bring up my credit score. I do not know how to go about requesting this. I have a letter started for the company, but have no idea how to word this so that I don't sound completely retarded. Any advice on how to word my request?

Answer 1

Wow! Is this room filled with collection agents or what?

How about a slightly more positive answer?

The truth is that there are only two ways to get a negative item removed from your credit report.

1) The creditor fails to respond to a dispute investigation from the credit bureau...

2) The creditor must remove it himself.

Therefore, in your case it's useless to even try disputing it with the credit bureau. You are paying the debt, they can prove you owe it, so any investigation will end up getting noplace.

So we move on to option #2. As these nice bunch of collection agents have shown you, there are very few who give a damn about you our our credit! All they want is your money. But who knows, maybe you have one at is a real person....maybe you can catch him on a good day....

If you send a politely worded letter to him he may delete the report. Explain that you are trying to get a new mortgage, and that this report is hurting you a lot. Remind him that you have been been making your payments, and have made a good faith effort to pay your loan.

Who knows, it may work.

Ignore that nonsense Boogie says....any time you can remove a negative item from your report you WILL improve your credit score. Don't know where he evergot that!

Answer 2

Collections Removed From Credit Report

Answer 3

Sorry, it doesn't work like that.
First, the collection agency goes not have the power to force the hand of the credit bureau to have your debt removed. According to federal law, your negative information will be on your report for 7 years after the date of delinquency. They will only fall off after that.
Next, your score will not raise just because something negative falls off the report. The only way your score increases is when you reduce your debt ratio of current accounts and you pay your bills on time. Your score will not go up by taking negative information off. If that was the case, people with horrible credit could be completely clean in no time - with scores in the high 700s practically overnight.
This is not good advice. Continue to pay the debt and once you are finished, request a letter or receipt from the company stating that it's been paid. Good luck!

Answer 4

Well, ok...I who ever todl you this...they lied. The truth is that they dont have to delete it even if you were done paying it.

Although they are required to update it to a "paid in collections" account...depending on what state your in...they have the right to keep in on your credit report for as long as the law provides.

Unless you get a really nice Collection Agent that wants to hook you up. But wont do it unless you pay it in full...I can tell you that right now. Dont even bother.

Another thing people will tell you that you can do is dispute the validity of the debt with the credit reporting bureau. Ya, dont do that either. That will just make it worse since the debt is valid and you have been paying on it.

When the bill collector gets your dispute that will set them off cause they were obviously nice enough to allow a payment plan and did not demand payment in full. If you didnt pay them in full than they could've sued you and enforced judgment.

Your in a good place now. What I recommend you do is contact the assigned bill collector and request that they remove it off your credit report if you pay the account in full.

The choice is his.

Good Luck

Answer 5

I have never heard of this. Why should they remove it when you still owe it? Here's the scoop about credit reports: no debtor has to report to them - regardless of if the info is good or bad. No debtor has to report every month - some do it as little as bi-annually. Some banks do not report at all.

The bureaus are on your side so if you dispute the collection and the collection agency cannot support the report, the bureau will alter it in your favor. But as long as the collection agency sends in reports - and they tend to do that monthly - it will show up on your credit report.

Good luck.

Answer 6

Sorry to tell you this, but this is a crock of sh**. There is no such thing as sending a letter to the credit reportng agencies and having them remove a collection account.

You can try disputing this account. You can say it's not yours or it is inaccurate. The collection company has 30 days to respond, it they don't respond by the 30 day, then the account will be removed. Or you can try negotiating with the collection company. Try to will and deal with them that you would be willing to pay the account if they remove it from your credit report.

Answer 7

You can request it alright. You can request it a hundred time, and the answer will be no a hundred times.

They have you by the N**S and they know it. Why on earth would they help you out. Chances are they will not even remove it when it is paid.

All they are required to do is list it corectly. It is acctually against the law for them to remove it if it is being report correctly.

Answer 8

Who are you planning to call? The hospital that billed you or the credit reporting agency? Once the hospital reports something to the credit agency, they can't revoke it. If you want it removed, you need to negotiate that with the agency that generates the credit report, not the company that billed you. You may be able to get the company to agree to recommend to the reporting agency that it be removed, but it's not in their control. It will be very difficult, but you have nothing to lose so go ahead. Good luck.

Answer 9

Good thing you asked before you sent it, since the person at the mortgage company was totally wrong. No matter HOW you word it, they will laugh at it, since it ain't going to happen.

Once you have a collections issue placed (correctly) in your credit file, it will stay there seven years from its last activity, which is usually when you pay it off.

Answer 10

Usually companies charge hundreds of dollars to simply pull your credit and send correctly worded dispute letters—this is the key…..people will tell you that you can do this yourself for free but the truth of the matter is that the credit bureaus will throw your letters away or simply reject them. There is an easy to use online kit that will deliver the results you want available for just $19.95 at the source website. A similar kit is being sold via infomercials and radio talk shows for seventy dollars more but they try to solicit you repeatedly for other services after the fact.