2007-10-06 15:49:36 · 7 answers · asked by curious 1 in Business & Finance ➔ Credit
You don't. Credit history stays on your report for about 7 years.
2007-10-06 15:55:46 · answer #1 · answered by Anonymous · 0⤊ 1⤋
You personally cannot get bad reportings off of your credit report. They remain on there for a certain number of years. The party you owed the money to is the only one who can take it off of the report, as they were the one who filed it.
It is usually a good idea, before you make that last payment, to ask them to take the negative report off your credit record. Get a letter even, stating that you have paid the balance in full. Hopefully the business you owed the money to will take it off of your credit report. But if they do not, you have the right to add a statement to the report that you paid it off, and even send a copy of the letter to the credit reporting agency.
Blessings
2007-10-06 23:02:28 · answer #2 · answered by Ruth Boaz 6 · 0⤊ 0⤋
work with the Credit reporting agencies, its free, make an online dispute for every bill that you have paid off. But they will remain on there for a specified period, you will not be able to remove anything in less time than that as set by the credit agencies.
A misconception of many, just because you pay it off, it will not be removed until the penalty time is expired.
example, an IRS lien, will remain for 7 years, as will a bankruptcy, no matter if paid off.
2007-10-06 22:57:38 · answer #3 · answered by emugits 2 · 0⤊ 0⤋
Not to worry. When you pay your card off, it will show a zero balance. It has been suggested that you don't close an account unless it has not be used for a few years. It counts for you and not against you if you leave it open. That shows that you don't use all your credit that is available. However, it is also recommended that if it goes more than a few years, you should close such accounts which I did yesterday. One had no action on it in over 10 years, the store wasn't even in the county and they wanted me to keep it open.
The other one wanted me to keep it open with a $200 credit line. Boy did I laugh. The last time I was in the store (Mervyn's), they wouldn't let me increase my credit line to get my wife a diamond bracelet. I told them that they had just lost a customer. In my pocket I had over $20,000 worth of credit.
Screw them.
2007-10-06 23:00:15 · answer #4 · answered by Steveo 5 · 0⤊ 0⤋
If they are like credit cards - make sure that they get CLOSED!!! I had this happen - I paid off a card and told them to shut it down and they never did. They told me I needed to have it closed and that I would get a letter in the mail stating it was closed (which I did). After that it finally came off my credit report
2007-10-06 22:53:45 · answer #5 · answered by hedwigreallyrules 2 · 0⤊ 0⤋
They only remove items that you prove to be false ,
Like someone else's bill .
True info stays on for 7 years from the date of the last activity .
10 years for bankruptcy .
>
2007-10-06 22:58:22 · answer #6 · answered by kate 7 · 1⤊ 0⤋
It will be on there for 7 years. Good and bad alike.
2007-10-06 22:57:38 · answer #7 · answered by Anonymous · 0⤊ 0⤋