I have a question. I am wondering if i send a GW to a company, that is closed, paid in full does that update the amount of time that it will remain on my credit report.

 

For example. I have Macy's I had one 30 day late payment in Aug 2007.  It is listed as an adverse (negative) account.  If i send a GW to have it removed will they update it and say account  is scheduled to go positive in Nov 2014.