Rebuilding Your Credit

[oracles]

I am helping my friends improve their credit scores and reports.

One of my friends wants to do a PFD with a CA. If he is successful, and the CA deletes the TL, with the OC update to paid /charge off

If this is the case, will it then be removed because the FCRA states in new york any paid collections/charge offs are to be removed after 5 years.

This is how I read it, can someone confirm my theory?

Also in a 2nd sitiuation, he has a cap 1 charge off that is still being reported by cap 1 but has been sent to a CA.

The CA is not reporting.

If he paids the CA in a settlement, will cap 1 then report paid charge off and then come off because it is pass the 5 years for NY?

Thanks

[oracles]

bump