topic Re: Removing a serious delinquency from your credit report in Rebuilding Your Credit

Removing a serious delinquency from your credit report

Anonymous — Fri, 05 May 2017 14:50:13 GMT

I have one serious delinquency being reported on my credit report. It was a credit card from when I was young. The account was opened April 2013 with a balance of $500 and was never paid and turned over to a collection agency. I paid the account in full on August 2014. The account is now being reported as a charge off. I've tried calling the credit company and asking if there was anything they could do to have it removed. They told me no. Is there anything I can do to have it removed? Is lexington law worth calling. Thanks for any help.

Re: Removing a serious delinquency from your credit report

Anonymous — Fri, 05 May 2017 16:41:50 GMT

Check out the following thread it may be helpful for you. http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/The-Saturation-Technique-Best-GW-adjustment-odds/m-p/4727098#M504189

Re: Removing a serious delinquency from your credit report

gdale6 — Sat, 06 May 2017 00:09:23 GMT

Welcome to the board

A GW letter request is in order.

http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/GW-letter-Q-amp-A-Examples-and-GW-Success-Stories/td-p/1573680

Re: Removing a serious delinquency from your credit report

Anonymous — Mon, 22 May 2017 18:10:32 GMT

Thanks for the advice. I tried a GW letter. Checked my mailbox today and got a letter for the creditor and the turned me down. Said they would still report it. Any other ideas?

Re: Removing a serious delinquency from your credit report

RobertEG — Mon, 22 May 2017 18:27:17 GMT

Try calling someone at their upper-management level, who has authority to grant exceptions to their normal non-deletion policy.

The CRAs include in their credit reporting manual and reporting agreements their policy that creditors and debt collectors not delete derogs based on payment of the debt.

That is an admin policy on the part of the CRAs for their business purpose of maintaining the completeness of their product (credit reports).

Many furnishers will establish internal policy guidelines to underlings that instruct them not to delete based on a paid debt.

Management makes their internal policies, and have the authority to grant exceptions.