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Question
If an item disappears from my credit report, is it gone forever?
If an owed item disappears from your credit report, does that mean it is gone forever?
Asked by
TheSunKing
1 year ago
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There is no law that prohibits creditors from adding debts, collections, or delinquencies anytime provided that the record is accurate. So, the short answer is NO, it may not be gone forever.
Keep in mind that there are three credit bureaus so while your owed item may have gone MIA on one of your credit reports it likely to continue to be reflected on one or both of the other credit bureaus credit reports. The best solution is to check all three of your credit reports on http://www.annualcreditreport.com and make sure they all are accurate. If you find any inaccuracies, you can dispute those items directly with the information provider and the credit bureau.
As for the missing debt, don't be content in its disappearance. The lenders will most likely still have it on their records and you don't want let it linger. Allowing it to move into a collections account will adversely affect your credit for years to come.
tjarratt 1 year ago
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There is no law that prohibits creditors from adding debts, collections, or delinquencies anytime provided that the record is accurate. So, the short answer is NO, it may not be gone forever.
Keep in mind that there are three credit bureaus so while your owed item may have gone MIA on one of your credit reports it likely to continue to be reflected on one or both of the other credit bureaus credit reports. The best solution is to check all three of your credit reports on http://www.annualcreditreport.com and make sure they all are accurate. If you find any inaccuracies, you can dispute those items directly with the information provider and the credit bureau.
As for the missing debt, don't be content in its disappearance. The lenders will most likely still have it on their records and you don't want let it linger. Allowing it to move into a collections account will adversely affect your credit for years to come.
tjarratt 1 year ago
Yes but if it was ON the bad credit report for 7 years and falls off, it IS gone forever. That's the only good thing about it, time takes care of debt if you pay it or not. I had probably a credit score of 110 during the 90's if not worse - and thank GOD for things falling off it, I'm now at a 550 on experian and 561 on here. I just had a 2k dollar car accident court thingie from 03 fall off my bad credit report and I called all my friends to celebrate knowing that thorn is gone forever. phew.
sarra1833 1 year ago