After I pay off past due debts, can I have the negative reports removed from my credit report?
Posted in Credit on 11/14/2008 10:26 pm by admin
bflyf15e asked:
I have past due debts that were suppost to be paid off when I was in my previous marriage, but my ex kept the money and and bills to make me think they were paid off. Now I have discovered they were not paid off and they are extremely past due, I am going to pay them off, but my credit report will be negative for seven years, is there anything I can do to have the negative report removed from my credit rating?
CLAIR
I have past due debts that were suppost to be paid off when I was in my previous marriage, but my ex kept the money and and bills to make me think they were paid off. Now I have discovered they were not paid off and they are extremely past due, I am going to pay them off, but my credit report will be negative for seven years, is there anything I can do to have the negative report removed from my credit rating?
CLAIR
11/17/2008 at 1:53 am
They will show up as paid, but formerly negative. It will help your credit score A LOT to pay them off, but they will remain as a former delinquent account.
11/19/2008 at 5:57 pm
I know there is a way to do this. Don’t give up. I once ran across a web site that explained how to remove bankruptcy filing from your credit report. Try credit secrets bible. It was something like that.
11/22/2008 at 9:55 pm
The items will show as paid but they must remain on the report for the determined amount of time for each item it can be different. Some things are there for 5-7 yrs. My suggestion order a copy of your report and read the fine print, because no-one will monitor this but you. You may find some things should have come off long ago..if this is the case you need to contact the credit agencies i.e…equifax, trans union and let them know!
11/23/2008 at 4:28 am
Lets get a few things straight, and ignore the advice of these bill collectors….
1) Credit reporting agencies report what creditors tell them to report.
2) You can not get negative information removed from your credit report if it’s “fair and accurate”.
3) There is no law forcing creditors to post anything! There is no law preventing them from editing or removing any entry that they posted.
Therefore, if you pay a bill off, there is nothing preventing a creditor removing negative entries from your report, and/or posting the entry to say “paid as agreed”.
Note that just placing “paid” on your account does NOT remove negative history such as delinquincy or late payments.
This said, what you are trying to do is fix your credit report by paying the debt. Why would you want to pay your debt and still have bad credit? The nonsense these guys are saying about a paid off delinquincy looks better then an unpaid one is wrong and stupid! Would you rather get kicked in the nuts or kicked in the ****! Neither!
So what you need to do is negotiate a settlement with your creditors. In exchange for paying off the bill, they must remove all negative entries from your history. Make them agree to this IN WRITING before you pay them a dime.
They are simply lying if they tell you they can’t do it, or it’s against the law. I am still waiting for one of the collectors who respond here to show me any evidence or law to disprove me.
And yes, they will do it, I’ve helped several people get their credit cleaned up this way. If the creditor wants their money, they will work with you on it.