THIS EXPLAINS SO MUCH FOR ME! I'M SO HAPPY!
I had a Portfolio Recovery Collection for $4,099 from last year that I paid off on March ~20th or so. My scores JUST shot up and I was so confused! My Fico report from 4/17 (paid for 1 time report on that day) to today (4/30/2019) has the biggest difference being that I no longer have the Portfolio Recovery Collection listed!
4/17/2019 to today, 4/30/2019
Equifax: 647 -> 680
Transunion: 644 -685
Experian: 672->672 (wondering if maybe they were ahead of the deletion game compared to the others)
I actually got them deleted from my report a month ago and i go check my transunion and equifax and it was re-inserted. i just sent some letter to the agencies to dispute it. i also sent one to portfolio. They seem to give me a headache since my repair.
Congratulations! That's great news. Portfolio Recovery will also email (secured email w pw needed) the letter confirming payment was made after it clears, if you ask. Make sure you call them after your payment posts to get that letter!
i know Portfolio Recovery now has it listed that they delete tradelines once PIF. So I called in this morning and talked to a supervisor.
He sent me an email saying
“Your account will be considered paid-in-full after the final payment is successfully posted. If you complete this payment plan and our company is reporting our company’s trade line for this account to the three major credit reporting agencies, within approximately 30 days of the final payment successfully posting, our company will request the three major credit reporting agencies delete our company’s tradeline related to your account from your credit bureau report.”
He gave me until May, 16th 2019 to pay it off.
Considering this a big win. 😃