Credit Repair Removal of Paid Collections?
Hi, hopefully someone can shed some light on my dilemma. I have an old collection agency mark on my credit report 11/2001. This was a $90 debt that I was a few months late on paying, in turn it was reported to an agency and put on my report. Since then I have only one other negative mark on my report (60 day CC late payment). Anyway to no avail I have tried to get this off my report. Has anyone tried to contact their original creditor or the collection agency with the purpose of requesting removal? I have seen instances where people have bargained for collections removal for full payment, but in my case I paid them almost 6 years ago.
Public Comments
- If you were already a few months late when it went to collections in 11/2001, you may be close to the time where it will fall off naturally. Negative information can only be reported for 7 years from the charge-off date(which actually works out to about 7.5 years from the first delinquency). Now, if it is a paid debt that is this old it is having very little effect on your score. Actually the 60 day late is probably having more of an effect if it was in the last couple of years. If you have not already tried to, send in a dispute the the credit reporting agencies requesting verification of the debt. If it has been this long the company may just decide not to respond. If that does not work and you don't want to wait for the next few months there is nothing wrong with contacting the collection agency, but don't expect much.
- as long as it was latew, it does not have to be legally removed I've bookmarked this site... http://debt.knowledged.info/credit_card.html Hope it all works out
* Some answers may have been provided by Yahoo! Answers.