with pay for delete, you can use money as the bargaining chip for getting negative information removed from your credit report. if youve already paid the account, however, you dont have much-negotiating power. at this point, you can ask for mercy by requesting a goodwill deletion.
remove old accounts. helpful to 7 out of 7 people. whenever you have old accounts still on your credit report that is 7 years or older write a letter to them such as the one below. the account must be over 7 years old. if it's 6 years 11 months, it can start all over again. this does not include bankruptcy laws.
however, if the closed account is listed in error, or if it's an old account that should have dropped off, you can dispute it through the credit bureau that generated the report. alternatively, you can contact the creditor that reported the account and ask that it take action to remove the information.
if you believe the charge-off on your credit report is a mistake, you can immediately initiate a dispute investigation online with the credit reporting agency. you should also notify the creditor that you are disputing the charge-off. you'll need to gather documentation such as proof of payments or evidence of identity fraud to support your dispute.
it never hurts to ask if an account can be removed, and you can do that. the good news here is that the accounts should fall off your credit reports seven years and 180 days after your first delinquent payment with the original creditor. and even before that, older information has less impact on your scores than newer information.
3. try to set up a pay for delete. if steps 1 and 2 dont work and youre not able to get collections deleted, the next step is to try and negotiate a pay for delete. this is when a collection company agrees to remove a collection account from your credit report if you pay off the balance.
i have 32 accounts listed on my report. thanks to this forum i have managed to get the paid late statements almost completely removed. of those 32 i have 11 zero balance student loans which were transferred to another bank or account due to the banking mess this past year.
unfortunately, removing a closed account from your credit report isn't very easy. you can only remove a closed account from your credit report in certain situations. if the account is actually open but incorrectly reported as closed, you can use the credit report dispute process to have it listed as an open account.
closed accounts, or accounts that youve fully paid, can stay on your credit report for up to 10 years. you might want to remove these accounts from your credit report as they can indicate to banks or other companies what your credit habits are. removing them can be difficult, but is by no means impossible.
that process can take care of negative information related to errors, but it may not remove a closed account from your credit report entirely. and if you're seeking a removal based solely on negative activity, that's likely to be a dead end if the information is accurate.
a closed positive account with no negative information in its history may stay on the credit report for up to 10 years from the date it is closed. therefore, a positive account may remain in your credit report longer than an account with negative information.
if your removed account doesnt fit under any of these other explanations, its possible that your account was removed from your reports due to a mistake by your lender or the credit bureau. if you think the account in question should not have been removed at all, you could contact your lender or file a dispute directly with the credit bureau to get to the bottom of the disappearance.
how long closed negative accounts remain on a credit report. a negative account is any account that shows a history of late payments, called delinquencies. if a closed account has a history of delinquency, the account will remain on the credit report for seven years from the original delinquency date.
it's doubtful that you'll want to remove good credit history, as reflected by a closed account that shows you handled it responsibly. but a closed account that suggests mismanagement only falls away through the process of time. if a negative closed account remains on your credit report past the time after which it should expire, you can dispute the record with the consumer reporting agency.
you get closed accounts removed from your credit report in the same manner as any other information. you write a letter of dispute to the creditor, or credit bureau, or both.
closed, positive accounts remain on the credit report. and, the length of your history is considered in scoring models. the longer you have demonstrated that you can manage credit, the more positive points for your scores. you dont really want those accounts to go away. experian will remove the closed accounts automatically at the end of the 10 year retention period.
your credit report reflects the account history. therefore, credit card accounts remain on your report for a set period of time - even after they are closed and paid off. first, you may want to check and see if the accounts are being reported as closed. even though you think you closed them, they may still be open in your creditors' records.
you may not even know if you have a derogatory account in your credit history. so you should start by getting your free credit report. you can get your credit report from many different services. but by law, each of the three major reporting bureaus has to give you a free credit report each year.
closed accounts. thats up to you--if its still showing open and has a 2500.00 limit--and if the 3 credit bureau will close it out--you'll be lowering your total avail credit--even though it can't be accessed-- by that amount and depending on your total credit utili. now--it could drop your score some--i know there's no way to predict