cancel
Showing results for 
Search instead for 
Did you mean: 

should a paid/closed account/collection be off a credit report?

New Contributor

should a paid/closed account/collection be off a credit report?

I am showing alot of these on my CRS. arent they suppose to be gone if they are paid/closed? How should I handle getting them off? TY
6 REPLIES
Established Contributor

Re: should a paid/closed account/collection be off a credit report?

They stay for 7.5 years from the paid date... Look for inaccuracies, if you find any: Dispute, dispute, dispute. Otherwise they stay until aged off.
 
Rob
Established Contributor

Re: should a paid/closed account/collection be off a credit report?

I have 7 of those. They will stay on my reports until 2012. One till 2013 and another till 2017.
 
these thing are taking my report space for allll that time.!!
i wish they can come off too.
Established Contributor

Re: should a paid/closed account/collection be off a credit report?



FICO_Focused wrote:
They stay for 7.5 years from the paid date... Look for inaccuracies, if you find any: Dispute, dispute, dispute. Otherwise they stay until aged off.
 
Rob


Rob,
 
Can't he also try GW letters to the CA/OC for the paid charge-offs/collections?
Super Contributor

Re: should a paid/closed account/collection be off a credit report?

Closed accounts stay on for 10 years.  The baddies drop after 7 to 7.5 years.
 
And closed accounts contribute to age!
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Established Contributor

Re: should a paid/closed account/collection be off a credit report?



trinigal wrote:


FICO_Focused wrote:
They stay for 7.5 years from the paid date... Look for inaccuracies, if you find any: Dispute, dispute, dispute. Otherwise they stay until aged off.
 
Rob


Rob,
 
Can't he also try GW letters to the CA/OC for the paid charge-offs/collections?


Personally, I'd look for ANY inaccuracies in the reportingh and dispute... Could try a GW but rare to see a GW letter effect a paid CO.
 
Rob
Established Contributor

Re: should a paid/closed account/collection be off a credit report?



FICO_Focused wrote:


trinigal wrote:


FICO_Focused wrote:
They stay for 7.5 years from the paid date... Look for inaccuracies, if you find any: Dispute, dispute, dispute. Otherwise they stay until aged off.
 
Rob


Rob,
 
Can't he also try GW letters to the CA/OC for the paid charge-offs/collections?


Personally, I'd look for ANY inaccuracies in the reportingh and dispute... Could try a GW but rare to see a GW letter effect a paid CO.
 
Rob



I tried a GW letter to one of my CO that i paid last year...They replied back saying that they can't do it. However, my EX report had the comments changed to "Closed/Never Late" instead of "Paid/Chargeoff"...my EQ and TU still say Chargeoff though.