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I have had a credit deliquency (collection) on my Experian credit report for over 3 years. This collection was paid in full about 3 months ago., including a letter of payment and invoice from the creditor; However the collection is still showing on my credit reports, how can I clear this 100% it seems that they can cause damage to your credit report but can't clear your credit report., this is really a pain...,
help help, and thanks...
If the collection is paid there is no leverage you have to pay for delete. At this point you can send a good will letter to remove the collection. Collections paid or unpaid result in the same damage. However the older it is the less damage it has. The collection can remain for 7.5 years from the DOFD. Try to Goodwill. Good luck!
Thanks, were can I request Goodwill removal ?
@Anonymous wrote:If the collection is paid there is no leverage you have to pay for delete. At this point you can send a good will letter to remove the collection. Collections paid or unpaid result in the same damage. However the older it is the less damage it has. The collection can remain for 7.5 years from the DOFD. Try to Goodwill. Good luck!
Also how to delete ? , seems like they make it difficult to clear up your credit history.., but easy to damage it without any clear solutions for the community....
...a paid collection account can remain on your CRA reports for up to 7.5 years ...a PIF collection item does much less damage to your score than an unpaid one ...having paid the account already, you have no leverage with the CA to request they delete it through a PFD ...all you can do at this point is write them A Good Will letter ...there are many samples of such on this forum if you search for them ...hth
welcome to our painful world.
is the collection reporting "paid as agreed" on your reports? if so... that helps. if not, you can dispute it now and sometimes they remove it rather than doing the work to mark it paid(happened to me).
as far as good-will letters... i look at it like fishing. send em out until they remove it (and sometimes they never do)
best of luck
@Lemmus wrote:...a paid collection account can remain on your CRA reports for up to 7.5 years ...a PIF collection item does much less damage to your score than an unpaid one ...having paid the account already, you have no leverage with the CA to request they delete it through a PFD ...all you can do at this point is write them A Good Will letter ...there are many samples of such on this forum if you search for them ...hth
It doesn't matter if it's paid or not or what the original balance was. Scoring looks at only the reporting of a collection.
Lenders might look at a paid collection differently but not scoring.
@elim wrote:welcome to our painful world.
is the collection reporting "paid as agreed" on your reports? if so... that helps. if not, you can dispute it now and sometimes they remove it rather than doing the work to mark it paid(happened to me).
as far as good-will letters... i look at it like fishing. send em out until they remove it (and sometimes they never do)
best of luck
It doesn't help a score whether a collection is marked paid or not. The damage is the same unfortunately.
What would be the basis for a dispute? You should only dispute information you truly feel to be incorrect; not just beause it hurts your score.
Was looking at your beginning score in the 400s and now youre at 670-700s..... any tips on how to acheieve that? I have just recently (3months) started working on my credit
...thank you for the correction MVV ...I PIF'd a debt and my score jumped, I assumed it was the PIF ...looking back at it now I see it was because it was still reporting a balance and a credit line ...the PIF resulted in lowering my utilization at the time and that would appear to be the reason instead.