After I foot stale a debt on my credit report can it be removed completely if I ask the debtor?

no. you have to apply at the credit agency to hold it removed and i believe it cost money. or it my get done automatically after a infallible time

yes but other be sure to get it within writing

Answers: I had remunerated off a couple of huge credit card bills & I asked the credit agencies to remove it & they adjectives (Experian, Equifax + 1 other) said the same piece - - no, they will not completely remove it. They will only show that it be paid rotten. If it is negative credit you are dealing next to ie., (judgements, late payments, missed payments) later it takes 7 years for it to come completely bad. However, once I paid everything - I didn't come across to have any problems next to getting things that required a good credit rating.

Usually the best you can hope for is a blurb added on your credit report that says you salaried off the debt. Usually the artistic notation of debt itself can't be totally removed thoughyou have to lurk several years for it to age off the report.

Yes, you can request the debtor to inform the credit bureau to remove the item. However, it is completely up to the discretion of the debtor. If the item is in the allowable listing time (usually 7 years depending on the derogatory item), you will own to wait until the time have passed if the debtor refuses to remove it.

Understand that the debtor cannot remove it themselves, they own to send a request to the credit bureau to remove it, and it may nick the bureau some time (a month or more) to remove it. However, credit bureaus are only clearing houses of information. They own no say surrounded by what stays or goes on your report, their merely obligation is to verify the items nominated (negative or positive) as being valid items. If a debtor requests an item be removed, the bureau have to remove it.

The Fair Credit Reporting Act stipulates that an item (again, depending on the derogatory item) must be removed no later than 7 years, but near is no minimum length it must be listed. Most debtors (companies, vendor, etc.) hold onto credit information in-house for a few years at best (2-3 depending on the organization); but far less than the 7, and credit bureaus are required by imperative to verify any dispute or investigation you request about an item on your report. When you request an investigation into an item on your report, the bureau have to contact the debtor to verify the item and respond to you within a "plausible amount of time" from the date of your request. This is usually 30 days. Therefore, if you request an item be investigated (even if it was a valid derogatory item) after the debtor have removed your information from their in-house records, they (the bureau) will enjoy difficulty verifying the debt item inwardly the 30 day "okay amount of time" frame, and therefore drop it from your report.

For further information you should read up here:

http://www.ftc.gov/bcp/edu/pubs/consumer...