topic Re: Paid off old debt...how long until it is reported? in Rebuilding Your Credit

Paid off old debt...how long until it is reported?

Anonymous — Wed, 04 Jun 2008 18:36:57 GMT

How long does it typically take for creditors/collection agencies to report that an account that was past due or in collections is now paid? I know that it will continue to remain on my account as negative, but figured the $0 balance was better.

In addition, several of these items were due to a former roommate not paying the bill when I moved. I have disputed these with the credit agencies and stated that I would have paid if I was aware of the bill after moving. Hopefully they will be sympathetic since the balance is paid. I know that this will take 30-90 days.

Re: Paid off old debt...how long until it is reported?

Anonymous — Wed, 04 Jun 2008 18:57:21 GMT

You are correct unless deleted from CR they will remain approx.7 years from DOFD. Paid only helps with a manual pull.

The CRAs (if that is where you sent a statment) will do nothing!!! wait untill it is reported and then send GW letters asking for delete to whoever you paid.

Re: Paid off old debt...how long until it is reported?

Anonymous — Wed, 04 Jun 2008 19:03:16 GMT

Creditors usually have their dates...they report...but some can put in the request...with 72 hours...they say 30 days...but I have been told several times...with CA's...that the request would be put in...and after a week....they were updated...

Do you plan on sending GW letters???...a CA old me they DO NOT do PFD...but as soon as they updated the account PAID...with the CRA...I sent them a GW letter...a few days letter...I got a letter...saying they would delete...