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Regular Contributor
Gotagoal
Posts: 135
Registered: ‎06-28-2007
0

Paid collections on CR

Does anyone know how long paid CO stay on my report? I paid everything years ago and have been rebuilding only to find that some of these negative items aren't going away. Is it 7 years from the DATE of pymt? OR what? Can I contact the paid collection and ask them to remove it? I've come a long way and am very proud -but am really trying to get everything off that's hurting me! Thanks! This forum group rocks! SOOOoo helpful.
Moderator Emeritus
fused
Posts: 16,374
Registered: ‎03-12-2007
0

Re: Paid collections on CR



Gotagoal wrote:
Does anyone know how long paid CO stay on my report? I paid everything years ago and have been rebuilding only to find that some of these negative items aren't going away. Is it 7 years from the DATE of pymt? OR what? Can I contact the paid collection and ask them to remove it? I've come a long way and am very proud -but am really trying to get everything off that's hurting me! Thanks! This forum group rocks! SOOOoo helpful.

Hi and welcome to the world of credit repair. Start by reading the credit scoring 101 thread courtesy of moderator Tuscani.
 
Credit Profile -
FICO 08 Scores (09-16-2014): EQ 824, EX 817, TU 822
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 26+ years ~ AAoA: 12 years ~ Util: 1% ~ Inqs: EX 1 (Amex 07-15-2014)

Super Contributor
DallasLoanGuy
Posts: 6,187
Registered: ‎07-03-2007
0

Re: Paid collections on CR

 
7yrs from date of last activity.
paid = activity
 
if they are paid and several yrs old.... they arent hurting you that much....



* While I try to visit the forum often, please feel free to contact me directly with a link to your post if I fail to answer a follow up question.

* Lending across the entire 'Great State of Texas' since 2004
Moderator Emeritus
Tuscani
Posts: 6,182
Registered: ‎03-29-2007
0

Re: Paid collections on CR



DallasLoanGuy wrote:
 
7yrs from date of last activity.
paid = activity
 
if they are paid and several yrs old.... they arent hurting you that much....



It's not DOLA.. it's DOFD. DOLA only applies to reporting SOL if the OP brought the account current.
 
Regular Contributor
Gotagoal
Posts: 135
Registered: ‎06-28-2007
0

Re: Paid collections on CR

What does this mean? Not clear on the abbreviations.... It's not DOLA.. it's DOFD. DOLA only applies to reporting SOL if the OP brought the account current.
Moderator Emeritus
Tuscani
Posts: 6,182
Registered: ‎03-29-2007
0

Re: Paid collections on CR

Check out the acronyms thread.
Established Contributor
trinigal
Posts: 578
Registered: ‎06-18-2007
0

Re: Paid collections on CR

[ Edited ]


Gotagoal wrote:
Does anyone know how long paid CO stay on my report? I paid everything years ago and have been rebuilding only to find that some of these negative items aren't going away. Is it 7 years from the DATE of pymt? OR what? Can I contact the paid collection and ask them to remove it? I've come a long way and am very proud -but am really trying to get everything off that's hurting me! Thanks! This forum group rocks! SOOOoo helpful.

Basically here, in order to find out how long these CO are going to stay on your report you have to call the CRAs and find out what is the DOFD (date of first delinquency). It can report for 7 years from that date.  Once you know that info.,  you can determine whether it is best to let the time pass and let them fall off for themselves, or if they still have a ways to go on your report, at which point your only recourse is to send GW letters kindly asking your creditors to remove them.
 
Hope that helps.


Message Edited by trinigal on 07-04-2007 10:49 AM
Senior Contributor
Noah_Bodie
Posts: 4,635
Registered: ‎03-11-2007
0

Re: Paid collections on CR

DOFD is normally the date the account went 120 days late. If you know approximately when that is, you can calculate 7 to 7.5 years forward from there.
 
Sometimes on your CRs, the CRAs will note "Scheduled to appear on file until <month> <year>". However, as was suggested, called the CRAs and find out.
 

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