I have a couple of liens that have been paid off over a year ago , and a forcloseure that was paid over at least 4 years ago that still appear on my credit report.
If I still owed them I could understand it, but I don't owe these
creditors anything any longer. And the mortgage was paid off !
Someone said I should write to all these creitors individually and ask them to remove the enties, but it seems to simple to be true. And if it is true, how long after I request the removals should it take??
2007-08-01 08:44:22 · 7 answers · asked by maria c 1 in Business & Finance ➔ Credit
You have to wait 7 years before these items be deleted.
2007-08-01 08:55:39 · answer #1 · answered by svictor24 6 · 2⤊ 0⤋
Instead of contacting the individual creditors it would be better for you to get a copy of your credit report and contact the credit bureau. Dispute the specific items in question and provide explanations. The credit bureau will check with the creditors to verify the debt. If they cannot verify it than they need to take it off. If the creditor verifies a debt that you think is paid off, dispute it and contact the individual creditor referencing the Fair Credit Reporting Act. Sending written correspondence via certified mail is the best way to back up your claims. You should keep a record of everything you do. You have to keep up the pressure and keep checking to make sure the changes are being made.
2007-08-01 08:57:22 · answer #2 · answered by stephen t 5 · 0⤊ 0⤋
I co-signed a loan for a vehicle for someone and it was repossessed. After I paid the balance of the debt(it was charged off), I filed a dispute with the credit agencies(you can find this information on the three major credit reports websites) that it was paid and it was removed. I did not have to wait seven years. Each company that you may have had trouble with is different but it is easy enough to dispute through the agencies. They have a month to respond with either taking it off or telling you how long it might have to stay. If it's been 4 yrs I can't imaging why they wont take it off. You are not their priority anymore, so that is probably why they didnt bother to update and take it off your report. Hope this helps!
2007-08-01 09:00:22 · answer #3 · answered by Amy G 1 · 0⤊ 0⤋
If the information on your report is accurate you cannot have it removed. The fact that the items were paid does not matter. The information will remain on your report for seven years.
If there is inaccurate information on your credit report, you would need to contact the credit reporting agency (Experian for example) and not the creditor.
2007-08-01 09:04:24 · answer #4 · answered by Dave W 2 · 0⤊ 0⤋
As the previous posters have already said, these will stay on your credit for 7 years but they should show as "paid" or "satisfied". If not, contact the agencies to get it changed, and get it in writing from them because updating your credit data is not an immediate process and you'll have that as proof if you need it.
2007-08-01 09:13:44 · answer #5 · answered by bmausbach 2 · 0⤊ 0⤋
Once the debts are paid, they stay on your report for 7 years - but they do show as paid or settled, not as open accounts.
2007-08-01 09:04:23 · answer #6 · answered by zippythejessi 7 · 0⤊ 0⤋
your looking at 7 to 10 yrs. before they go off.
2007-08-01 09:00:09 · answer #7 · answered by Mark B 2 · 0⤊ 0⤋