Removing Paid Collections

Mar 222011
 

How long does it take for a paid collection to come off your credit report? Is there anyway that you can speed up the process? And how much does your score improve after having them removed? Thanks

How long does it take for credit bureau to delete item?

Mar 172011
 

I have a paid collection on my report from the Paper shop advertising. I sent a gw letter to ask if they would remove it from reports, then on Jan 19th I got a call from the oc and they said they would remove it and that it will take 30-45 days to come off reports. I called them again last week when it was just over 45 days, they said that there part was done they told the credit bureau’s to delete and was out of there hands now. How long does it take for the credit bureau’s to remove the items? It has just about been 60days since the oc agreed to delete this collection.

 

paid off all cards!

Mar 152011
 

Woo hoo, we just had a financial windfall through inheritance and immediately paid off all credit cards, how long does it take to show up on the credit reports/scores. And then each of our cards has a credit protection on them, which is incurring at least a $5.00 and + charge per month.  should we call and ask those to be removed?  We will not close the accounts but are cutting all but the couple of oldest ones.   We purchased the monthly score watch, and Suze Orman’s package. Any guidance would be appreciated as we don’t ever want to “go there” again,,,,,,,,,, thank you, thank you, thank you!

Question on Disputed Collection Account

Mar 052011
 

I had an unexpected collection account appear on my credit report.  Yes it was something I owed. I contacted the CA asked for a paid in full for removal, they stated they do not do that.  They also stated that if I dispute the item by saying “paid in full prior to collection”, that they wouldn’t respond to the inquiry from the credit bureaus.  I disputed all three TU, EQ, and EX.  So far I have received deletions from TU and EX, but nothing from Equifax.  Does it take Equifax longer.  When I pulled my credit Equifax is showing that its a collection account with a zero balance, but not removed.  It has NOT been 30 days yet, so am I jumping the gun.

 

Any help is appreciated.

 

Thanks.

 

So far my scores went from TU 570, EQ 541 to 3/4/11 TU 708 and EQ 633.

Removed debt goal toward a new car.

Feb 042011
 

Hello all, I’m about to get a new car. My EQ is 510 and my Trans is 530. I’m 28 New Yorker with no prior auto loans. The thing is with my refund I just paid off almost ALL of my debt which wasn’t a lot ($3400). So as of now i’m completely debt free beside the $48 balance I left on first premier. How long should I wait till I start car shopping? I was looking @ march as my date to buy. Also any advice on how I should approach this? This is what my previous history looked like.

 

Degoratories 3 60 day lates

Late payments 9 months ago

and recent high credit was @ 91%

 

How long does it take to go up? My fico simulator said I should be between 610 and 640 within a months time.

Credit inquiries

Jan 172011
 

Have a quick question,

 

I’m looking to securing a home loan and purchase a house in the coming months.  Problem is my credit score is pretty borderline to getting any type of loan – 640.

I have 3 hard inquiries from 2/24/2010, 1 hard inquiry from 6/10/2010 and 1 hard inquiry from 9/7/2010.  I’ve researched around and blogs have been telling me that inquiries stop being counted against your FICO, 1 year after the date.  Is this true?  That being said, should I try to process my home loan credit pull on Feb 25th?  This would be 1 year after the date.  Or does it take a few days or months after the date to clean from your record?  I also heard that at 6 months, an inquiry becomes less of a factor which means I should really wait until March 8th (6 months after my last hard inquiry) to try for the home loan.  I love this site completely and would appreciate any info.

CRA Updates?

Sep 252010
 

How long does it take for the CRA to update? 

 

I made a couple of big payments on credit cards and I saw on my previous report that they report to the credit bureaus on the 20th.  How long will it take from the time the CC reports until the bureaus update my info on my credit report? 

 

Hoping for a point bump from this pay down.

PFD Letter

Sep 092010
 

I need some help here:

 

Can you tell me do I have to follow my state of SOL before I send a PFD letter?  and

Is it ok to pay the OR or the CA and once you pay the debt how long does it take to get off your CR with all agencies (TU, EQ, EX)

Related Blogs

couple of quick questions

Aug 132010
 

OK so I ordered my annual credit report.  There was a collection account on it.  It says Sprint, but was added by west asset management. I opened a Sprint account for my brother (stupid), and thought it was taken care of (stupid again).

 

1.  It says date open is 02/2010, but the phone was shut off in 05/2009.  Is this showing correctly?

 

2.  I have yet to receive any sort of correspondence from them (I did however move in 2009).  Do they have to let me know when reporting?  If they sent it to my old address and it wasn’t forwarded does that count as them trying to contact me?

 

3. What is the best way of dealing with the situation?  Should I call them? Set up monthly payments?  Pay in full?

 

4. Am I correct in beleiving If I do pay off the debt it will lower my score?  How long does it take for the score to start rebounding?

 

Thanks in advance for any information you can give me.

TU & EQ-Does one take longer to update on CR’s?

Apr 152010
 

Just got an alert that my EQ just shot up from 574 to 607 (it shot up to 574 just a few days ago) and now it’s shooting up again.  Don’t get me wrong, not complaining at all but how long does it take TU to post?  I paid off my balances on my CC last month and recently sent Lowe’s a GW to delete a 30 day late and they completely deleted the entire TL.  I’m sure this is what has caused my CR to shoot up a few points but why isn’t it posted to TU yet or is EQ just supa fast? =P 

 

I guess I should wait 30-60 days to see if any change to TU regarding the Lowe’s info.  They still have it listed on my CR. =(  Well at least it’s going up and not down!!! Thanks! 

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