Waiting on Paid-For-Deletes to hit the Credit Bureausu

[dmmartinez]

Hi Guys!

Thanks for taking the time to read this.

So I am in need of a new car, and have been working hard to get my credit score up.

I'm currrently 633 TU and 676 EQ.

I pulled all of my reports, and out of sheer luck and timing, I was able to negotiate with my 4 collection account creditors- and they ALL AGREED TO PAY FOR DELETE!

I'm absolutely thrilled. Granted, the debts were all very old (they were all going to fall off in between 12-18 months) so I'm not sure if that what enticed them, 

however I received confirmation from them all in writing that they were going to have the trade lines deleted from all 3 Credit Reporting Agencies.

My problem now is that I'm in waiting game limbo. I need to get a new car, but I also want to wait until these are deleted and my scores bump up.

They all said that the letters should be sufficient for Lenders to prove that I'm eligible for a new rate, and also that the lender could call them directly to confirm the debts been paid and the account will be deleted.

How long does it take from when a Collection Agency electronically requests a Deletion for the Credit Bureaus for them to update your credit score?

Thanks you guys!!!

[gypsymama]

I would think the score increase if you get one should happen as soon as the TL's are deleted. The deletions could take a few weeks though. I'm playing the same waiting game right now while I wait on 3 collections to be deleted. I know two of them are through the same CA and they said that it would be the end of March when they did their reporting again and the delete happened.

[kezia2410]

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@dmmartinez wrote:

Hi Guys!

Thanks for taking the time to read this.

So I am in need of a new car, and have been working hard to get my credit score up.

I'm currrently 633 TU and 676 EQ.

I pulled all of my reports, and out of sheer luck and timing, I was able to negotiate with my 4 collection account creditors- and they ALL AGREED TO PAY FOR DELETE!

I'm absolutely thrilled. Granted, the debts were all very old (they were all going to fall off in between 12-18 months) so I'm not sure if that what enticed them, 

however I received confirmation from them all in writing that they were going to have the trade lines deleted from all 3 Credit Reporting Agencies.

My problem now is that I'm in waiting game limbo. I need to get a new car, but I also want to wait until these are deleted and my scores bump up.

They all said that the letters should be sufficient for Lenders to prove that I'm eligible for a new rate, and also that the lender could call them directly to confirm the debts been paid and the account will be deleted.

How long does it take from when a Collection Agency electronically requests a Deletion for the Credit Bureaus for them to update your credit score? I just did some PFD last week. It just depends on the collection agency..depends on how quickly the sent the info to the credit bureaus. The ones I dealt with some came off in a few days but I'm still waiting on 2 to be deleted after recieving the confirmation form the CA 2 weeks ago. Some CA only report to the bureaus every 30 days.

Thanks you guys!!!

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