This is a great idea, thank you.
The thing that confused me about midland is they will delete 2 years from the DOFD and not from when they bought the account.
We can annotate that next to CA name.
Is Portfolio same way?
Also, will payments in installments and settlements also result in deletion?
Portfolio deletes no matter what 30 days after payment. It doesn’t matter if you settle or pay in installments it will just get deleted after last payment. As Astra is the same way as Midland. Source Receivables will probably only do it if you pay in full. National Credit doesn’t answer PFDs.
Okay, so I've edited the first post so it's less goofy.
Please feel free to add, and I'll do my best to keep the first post updated and as current as possible.
Thank you all for your contributions to the community. You rock (some might even roll)
A possible downside.........
The CRAs official policy, as clearly stated in their common credit reporting manual, the Credit Reporting Resource Guide, is that furnishers should not delete reporting based on payment of a debt, as such subjective deletions result in incomplete credit history files.
They dont consider that to be in their business interest, or in the interest of those seeking complete credit reports.
While I am not aware of any actions taken by any of the big-3 CRAs against furnishers who are openly not complying with that provision of their credit reporting agreements, should they decide to do so, then a comprehensive list of furnishers who routinely act contrary to their credit repporting agreements might be a negative.....
If you like. I'll grab from the CA's website their policy for your first post. Hmm. No 2 yrs now?
Portfolio: Your account will be considered paid-in-full or paid-in-full for less than the full balance after your final payment is successfully posted. Within approximately 30 days of your final payment successfully posting, we will request the credit reporting agencies delete the PRA tradeline related to your account from your credit bureau report.
Midland: Per our policy, we stop credit reporting on accounts that are Paid in Full or Paid in Full for less than the full balance and more than two years past the date of delinquency.
Ad Astra Recovery Services, Inc. intends to request the removal of reported tradelines associated with an account that has been paid in full or settled, and where more than two years have passed since the account’s date of delinquency. We may have other obligations under the law to delete a tradeline.
Allied Business Services won't do PFD as I found out yesterday.