Can a chronological debt be removed from your credit report once its remunerated stale? I have a bill within collections it's only $100 but i asked

I have a bill within collections it's only $100 but i asked if i salaried it off within full could they delete it from my credit report they said No they can only report it as compensated in full. If that's true after how long after i have compensated it in full will it be delete from my record it be a debt from '05.

It usually steal approx. 7 years to have this item delete.

Em C is correct, sort of.

First, tolerate me clear up something. The law does not require a creditor to report a debt. It requires them report accurate information.

Nothing contained by the law prevents a creditor from delete an item that they posted to your account.

What these guys are doing is punishing you! Sure, they will show your debt as "paid" near a zero harmonize, but it will still show that it was contained by collections, and it will still be a negative item on your report.

And, as stated, it will remain for 7 years from the date of the first delinquency.

I put in the picture people this adjectives the time. Why on earth would you payment a debt if it's still going to hurt your credit report?

Tell this collector that you are not going to pay unless they supply you a settlement letter stating IN WRITING they will DELETE the item from your report. Unless they do, you will not foot.

As Em is wrong about how this will effect your gain. A derogatory item of $5 hurts you the exact same as a $50,000 debt. After 4-5 years it won't have that great of an effect, but at this point it's costing you at most minuscule 50 points on your score.

Answers: Technically they shouldn't delete it if you pay contained by full but people repeatedly use this as leverage with the collectors. What plus is it to you to have the debt remunerated if it is still on your report? None. Whether or not it is paid or unpaid it is still a collection on your narrative and it is only $100, they are unquestionably not going to sue you for it.

Bottom line. Tell them you will single pay if they delete it. If not it should remain on your credit for 7 years from the date of the delinquency, so that would be 2012.

If the rest of your credit is suitable this is probably not affecting your score that much.

EDIT: To Studly, who say I was "sort of correct" and consequently basically stated what I have written in different words, consideration I started the post with "technically" that vehicle that they should report it because they have an must to report correct info but doesn't mean they hold to. Second, regarding the effect on chalk up, I never implied that this small debt didn't have like peas in a pod effect as a large one. The debt is from 05, so its already 3 years frail you stated that after 4 years it wouldn't make much of a difference, correct, but its already be 3. Not the same effect as a collection from 5/08. You could always contact the company and find out if they are feeling like to remove the debt from your report, now that it is compensated off.

Or you can dispute the item from your credit report, and claim that the debt have been compensated, which it has.

It remains on your credit report for subsequent 7 years from the date of last transaction. You enjoy to ask the collection company for pay-for-delete where you foot the amount and they delete this derogatory entry from your credit file. Make sure they distribute a letter within writing before you transport them any money. can stay on your report from 7 to 10 years, once its there it's yours, but at hand are ways to help your credit mark.

http://creditrepair-and-debthelp.com
More question :