Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Student Loans
Profile Image

Question By
Nanasophie

1 Contribution
4 People Helped
Account paid off
I paid off the entire balance on USBANK/GLHEC (total $2983.88) in early September. It still appears as a balance on my credit report. When will it be taken off?

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Results 1-3 of 3Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
1 Contribution
0 People Helped

paid off balances

It sucks that paid off balances does not show!!  we all run into hard times but we make the best of it..  I don't have kids but people who do have the rest of society pay their  things like food electic  and rent!!!  maybe I should adopt a bunch and have the state take care of us and sit home!!!!! 

1 Contribution
0 People Helped

Will the credit score increase automatically after account in collections is paid off? If so, how do you tell how many points it will increase? 

Top Contributor
7376 Contributions
3814 People Helped

Helpful to 1 out of 4 people

The fact that you had such an account, and all credit accounts you have, will remain on your credit report for 7 years past the date of last activity (usually payment).  This is required under FCRA, a federal regulation. 

Reply by
Nanasophie

1 Contribution
4 People Helped
Helpful to 4 out of 4 people

But it should not take seven years to show a balance of $0.

Results 1-3 of 3Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.