If creditor agrees, after a judgement or departed due bill have be rewarded, can it be removed from credit report? For instance, if you owe $1000 on a bill, and the

For instance, if you owe $1000 on a bill, and the creditor knows you are disabled and legally judgement proof. If you return to work, and are prepared to pay the debt to the creditor, rather than wallet bankruptcy(which means I'm not liable for the judgement), will a creditor agree to have the unsettled payment history removed and show the debt as paid contained by full, or just have it removed completely so that the debtor can instigate to rebuild their credit history?

Most people would slickly opt to file bankruptcy, but I would prefer to wages off my debt if the above arrangements can be made which works out for the creditor and myself. Please, do not respond to this question if you do NOT enjoy something to back up your answer of yes or no.

I've had plenty of inhabitants tell me NO, based on their opinion. I'm looking for some type of law or valid LEGAL reason to explain why this is or is ridiculous. I figure, if the credit bureaus only report what creditor's notify them, perhaps this is possible.

No they can't once it has be reported but they write in a positive statement in your behalf

You are right - credit bureaus just report what relatives tell them so they have it smooth. You can write an explanatory statement and have it added to your credit file for adjectives viewers to see. you can also ask your creditor to write a letter explaining the situation from his point of view and adage that he agrees with you. Both statements will be visible and might enjoy some bearing on how credit-granters view your credit history (even though they could forget about it if they wanted to)

Answer:
Vadalia is correct, and here is why.

The credit reporting agencies (CRA's) report what the creditor tells them to report. And, by decree (the Fair Credit Reporting Act and the Fair and Accurate Reporting Act), the CRA's can change/delete any listing upon the request of the creditor.

The trick is convincing the creditor to do it. If they want their money, they will agree to help you fix your credit within return. But expect to do some serious negotiations and arm twisting.

But I can guarantee that it can be done. I've helped abundant people do it.

Regarding judgements, they can not be removed. Remember that CRA's are in the business of collection information in the order of you. Judgements are recorded by the court, and are public documents. In many states, they are efficiently available over the internet. The CRA's have pipelines to gather this information. Therefore, once a judgement is enter, it can be considered as accurate information and will be included into your credit report.

There are only 2 ways to get any address list removed from your history.

1) The creditor must delete it
2) The creditor fails to respond to a dispute investigation.

Since the creditor didn't issue the judgement, they can't delete it. And you can't dispute an official court document. You would hold to return to court and try to dismiss the judgement (not likely).

The judgement will automatically be dropped after 7 years, from the date of the judgement.

Hope this answers your question.

Yes, you can return with a collection taken off your credit record (be sure to receive the agreement with the creditor in writing since you pay the debt off)

However, once you have a civil judgement on your report, I don't believe it's possible for it to be taken past its sell-by date. I don't know the precise reason why, but it may have something to do near the fact that it's gone beyond just the creditor motto "Hey, s/he isn't paying their bill" and is actually now the court adage that.