I don't really post much, just mainly browse the forums for information. Well, I'm in the process of joining the military and need a secret clearance. The secret clearance requires that I not have any adverse credit info such as collections, bankruptcies, judgments. At the time, I had 3 small balance collection accounts. I've paid 2 of the three thus far. I've listed the two accounts as they appeared on my Transunion and Experian report. They were scheduled to fall of within the next 3-4 years, however I needed them to be showed as Paid in Full. My question: By paying these accounts, have I completely F'd up the possiblity of them falling off on the dates indicated? I know I may take a ding to my FICO, but that isn't my primary concern right now.
-Bay Area Credit Services
Date Placed for Collections: 06/2008
Estimated Date Item will be removed: 10/2012
Date Updated: 07/2008
Original Creditor: ATT West
Amount Paid (paid today): $129 for Paid in Full
This account became first delinquent some time in 2004.
-Credit Bureau Associates
Estimated Date Item will be removed: 07/2011
Original Creditor: UC Davis
Amount Paid (paid yesterday): $45 for Paid in full
This account became first delinquent some time in 2005
Are the estimated date of removal stated on the reports final and binding. I would hate for this information to reported after the 7-7.5 year mark simply because I made a payment. The balances are rather small, and my FICO score is in the 690-720 range, I think because these accounts are rather old.
Any input would be greatly appreciated.
If this helps...When my DoD Secret was in the works, I had 4 collection accts, plus... Cap 1 written off/bad debt, plus... a cc showing 30, 60, 90, 120, c/o...sold to collections, plus...another cc with 4- 30 day lates & 2- 60 day lates, (and more actually) Although I began paying some of this off, I KNOW it wasn't good because all the negative info was there....paid or not. I still got my clearance.
I'd pay up what you can asap, but I think they're mainly looking for someone who has a 40k income & is 100k in cc debt. That's a red flag...basically, they are someone who could be paid by an enemy for secret information...
If your debts aren't astronomical, but a situation that any normal joe could find themself in...you should be fine.
It is my understanding from these forums that payment on items such as those should NOT re-age your account, so it should not impact when they disappear from your reports.
Even so, I would keep a copy of the reports from all 3 agencies showing the information about the age and when they're due to come off, just in case someone does attempt to re-age them illegally.