How long to remove Collections Mark after payment?

[Anonymous]

I ran my mothers credit report.

Wondering... how long would it take to remove a collection derogatory mark from the report

after the payment has been made?

[Anonymous]

What's the date of first default?

[Anonymous]

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@Anonymous wrote:

What's the date of first default?

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I am not sure if this is the date of the first default..

But, on Credit Karma Feb, 04 2014 is listed as the "Date Opened"

(6/11/2014 Was listed as the Report Date )

[Anonymous]

So, the collection was opened in February, but when did the original account go into default?

[Skye12329]

I would suggest writing a goodwill letter to try and get it removed otherwise is it still 7 yrs for CO to fall off?

[Anonymous]

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@Anonymous wrote:
So, the collection was opened in February, but when did the original account go into default?

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Hmm.. She's not sure of the exact date.. but give or take 4 years.

[Anonymous]

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@mikemsceo wrote:

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@Anonymous wrote:
So, the collection was opened in February, but when did the original account go into default?

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Hmm.. She's not sure of the exact date.. but give or take 4 years.

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4 years.....It may still be worth it to try to settle it or pay for delete.

If it was 6 i'd say just let sleeping dogs lie.

[skigirl916]

Unless you PTD or get it removed via goodwill, it will remain from the date of last activity - the date you paid.

So, if you paid it this year, without a goodwill you're looking at 7 years.

[RobertEG]

Date paid or date of last activity is immaterial to exclusion of a collection.

Any reported collection or charge-off must be excluded no later than 7 years plus 180 days from the date of first delinquency on the OC account.

The DOFD must have been reported to the CRA within 90 days after reporting of the collection, so is present in her credit file.

If the commercial credit report you obtained does not provide the DOFD, try obtaining a report from annuacreditreport.com or contacting the CRA directly.

It is that DOFD, and no other date, that sets the period for CR exclusion.