I understand after seven years my credit will become clean, but should I wait until they take it off ?

Question

Do I write the credit agency or do wait until they remove the debt from my credit report?

Answer 1

What are you going to write and tell them?

If the information is correct, nothing but time will remove it.

The time is 7-years from the date of first delinquency.

I swear some people that answer these questions must work for collection companies.

After the statute of limitation runs out, there is nothing they can legally do anyway. They can sue you, but all you have to do is show up in court and show that the S.O.L. has expired and it will be dismissed.

Answer 2

You need to write them though I recommend credit repair unless you have lots of time and a high tolerance for aggravation. Some things are better left to the professionals. 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.this can be a difficult process.

Answer 3

You cannot request for them to take the debt off your credit report earlier than seven years. By law, that debt must stay on the report for atleast seven years unless there is a discrepancy and they messed up on there part. However, by continually making on time payments to your bills, your credit score can increase.

Answer 4

Negatives will stay on your credit report for 7 years from the last delinquency date. But that doesn't mean collectors can't continue to try to collect -- they can follow you to the grave.

It also doesn't mean that you won't be sued for the debt. Collection agencies are more aggressive in going after smaller sums.

If you owe money, make arrangements to settle the account.

Answer 5

If someone will give you credit in the meantime, you can begin establishing credit again. That way you will have something on your record after the trouble rolls off.
You may have to get a bank loan secured by a deposit (from which you will not be able to withdraw) to get started again.

Answer 6

Any debt 7 years or older should be automaticall removed
from your credit reports

www.creditinfocenter.com

Answer 7

Spifiman1 is correct..Collection agencies can sue you but they may not have a leg to stand on and most Judges frown on suites past the S.O L...

Answer 8

they should take it off but if after 7 years its still there then you should write them and have it removed