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sw1974

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Collection / lien
I paid off two collections / liens and my credit report has not changed. Should I dispute or let the accounts come off as scheduled in April 2014? I am concerned that if I dispute then the accounts will remain on my credit report for another 7 years - is this true?
Thank you

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No, even if you did dispute them, it would not reset the time for their dropping off your credit report.  April 2014 isn't that far off.

Just make sure you check your credit reports once a year and keep all account payments on time so you don't have any more negatives on your credit report.

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Collection / Lien

It is my understanding that if a collection is settled, then the date it is settled is recorded on a Credit Report and it stays on the Credit Report for an extended seven years.

In other words my removal date now is April 2014 but if the credit bureau finds out about the settlement that happened July 2013 then the removal date will move to July 2020.  

Am I correct in my understanding?      

Thank you

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