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Repost: Deleting item off credit report

I asked this a day or two ago but didnt get but 1 0r 2 responses, thought id try again...

I know i researched this and found that the same way a credit card comapany or any company can change your status to pays as agrees, they can actually delete their entire file off of your report, as if it never happened (like if it was inaccurate or whatever they have the power to do it). I was wondering if anyone has ever paid a charged off acct for deletion and how long it took? Did it work...I refuse to settle with them to just change the status, If i pay them, Im trying to neg. a deletion. Wanted to see if anyone has been there!

 
Anonymous

Asked by Anonymous at 1:53 PM on Feb. 20, 2010 in Money & Work

This question is closed.
Answers (4)
  • I can't remember if incorrect credit reports were corrected but we have had a creditor put in our file with them and copy an original to us that what was perceived as a horrific lateness did in fact happen years before x date. The way it was worded in our credit report made it seem the months' late payments happened recently. We also had that creditor in question mail a corrected statement to our new creditor to best understand our credit history.

    Whatever you do be very very careful. A person reading a credit report can pull out what ever they want from it no matter what the report says or doesn't say.
    Anonymous

    Answer by Anonymous at 2:10 PM on Feb. 20, 2010

  • Pay to delete or erase companies are ILLEGAL unless the information was inaccurate to begin with. Even then, you can still dispute the matter with the credit reporting agencies without paying someone else to do it for you. And again, if the information is accurate then there's nothing you or anyone else can do about it.

    On the other hand you can settle an account and ask that when the account is settled that the credit card company, bank (whomever) removes the information from your credit account as soon as the payment is made.
    Anonymous

    Answer by Anonymous at 3:30 PM on Feb. 20, 2010

  • OP HERE:::
    On the other hand you can settle an account and ask that when the account is settled that the credit card company, bank (whomever) removes the information from your credit account as soon as the payment is made

    That is what I am asking...im not trying to go through a seperate company...im going directly to the CC company i dealt with all along!
    Anonymous

    Answer by Anonymous at 4:15 PM on Feb. 20, 2010

  • First you should dispute the item with one of the credit reporting agencies. They will contact the creditor and the creditor has a certain time to respond and provide proof of the reported information. You could get lucky and they don't repond and can't provide proof and then it would be removed. Other than that yu are at the mercy of the creditor. You need to contact them and keep a log of communication with them until you have a resolution. They don't have to remove it if it is accurate. Hope that helps.
    bjane01

    Answer by bjane01 at 11:22 AM on Feb. 23, 2010