A someone earlier mentioned, PRA's procedure is to update the status to the CRAs within 10 days as PAID & SETTLED. They'll subsequently request the CRAs delete the tradeline within 30 days. The key word is request becauase it can (and does) take the CRAs several days to remove. In my case EX and TU were deleted on day 29. EQ was removed on day 35.
TLDR Be patient. Don't Dispute. It will be gone soon enough.
I just paid one from them on the 12th and the finalizing payment is driving me nuts. I don’t see why it takes them days to finalize a payment that my bank account has already said they have taken the funds. But I guess I’ll be patient
Sorry, I do not recall how long it took to get the letter. I recorded the phone call with the settlement agreement so, wasn't too concerned about the letter. Plus, they had forewarned me that the letter would not specify it was a PFD, which is whjy I recorded the call.
That said, there have been many posts on these boards of successfull PFDs since Portfolio Recovery's policy went into place (10/2018) and not a single post from someone who did not have the tradeline removed. Therefore, I would not be concerned or stressed. Just keep being patient.
Btw, just paying down from $537 to $188 gave me a 22 point jump on EQ. Be interesting to see if it bumps more with a deletion.
Sounds like the account was affecting your utilization..
And in regards to my posts earlier.. I lack patience and have success going about things via dispute. Every profile is different.
Just keep chipping away at things and before you know it your score will catch up to everything. Feels like just yesterday I went for a car loan and didn't even realize I was at EX489....now approaching 700 It feels like I now own my credit after all the hours, letters and emails I've sent. One of the better feelings regarding finances for me at least!
MyFico has been a game changer!