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 Credit Scores
Profile Image

Question By
pattywagon7

0 Contributions
0 People Helped
delinquent pay... that was paid off and close why? show delinquent?
how long will i have to wait for it to come off my report.. or is there anything that i can do??. i was only trying to lower my debt... but it affect me in the worst way... i don't get it

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

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
3051 Contributions
2791 People Helped

Once an account is paid, it remains on your report for 7 years from the date you paid it off.  If it was a collection, it should show as a paid collection, closed account, which is less damaging than an unpaid collection.  If it was not in collections but past due, then closing the account actually hurt you because you lost that line of credit, credit history and payment history.  Payment history counts for 35% of your credit score, utilization is 30%, credit history is 15%, types of credit is 10% and inquiries is 10%.  Also, it can take up to 60 days for a payoff to show up on your credit report.  Hope this was useful!

Result 1-1 of 1Results 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.