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Posted in Auto Loans
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Question By
Suzscredit

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0 People Helped
How do I remove an account from my credit report that is over 36 months old??
I have over 2 years of of perfect credit history and this account id bringing my credit score down.

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Top Contributor
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85 People Helped
Most Helpful Response

Helpful to 10 out of 11 people

You have to wait 7 years (I believe) before it comes off your account. Unless it is reported in error, in which case you file a formal dispute with TU,EF where it is reported, there is nothing you can do but wait it out, and keep building good credit items.

Reply by
shiminski

4 Contributions
8 People Helped
Helpful to 1 out of 3 people

contact transunion & equifax, be prepared to offer proof of where you did live, for example lease agreements, utility bills, mortgage notes, any W-2's, 1099-misc's or 1098's etc.

Reply by
genhs

5 Contributions
8 People Helped
Helpful to 3 out of 3 people

Nomad,   I think you're answer is spot on..  except the part about

..   "there is nothing you can do but wait it out".     The first thing that

comes to mind is paying it off..  which likely is not the wisest unless you

have  (  transitition into second thing you can do )  unless you have already

NEGOTIATED with who or whomever is the owner of your debt.   Based upon

how long ago the negative mark was entered..  is the basis upon which your

negotiation will be based.   If you've got 4 or 5 years left of the 7  ...    hmmm,

start low..   perhaps  20%    -   which they will not accept..  unless you're really

lucky..   perhaps after a couple letters they would likely accept 30 - 40% .. 

don't forget I'm only speculating here.    and im in a rather similar boat.

See ya!

JT

2 Contributions
13 People Helped

Readding old debt

Helpful to 9 out of 13 people

Recently I notice that one of my derrogatory debts was approaching it 7 years.  I was so happy.  But than the creditor removed it then readded that old debt making it new debt. Im I going to have to suffer another 7 years for a debt that was written off seven years ago.  What kind of world do we live in?

Reply by
shiminski

4 Contributions
8 People Helped
Helpful to 7 out of 7 people

I believe what you are referring to is called re-aging. this occurs when your present creditor sells your debt to another collection company. When they purchase your debt, it becomes re-aged or the clock starts ticking all over again.

Reply by
genhs

5 Contributions
8 People Helped
Helpful to 4 out of 4 people

Amber,    about the debt coming up on 7 years..    I have it on GOOD AUTHORITY that the only way they can 're-age' the debt or obligation,   is if you worked out terms..   AND  began paying toward the debt again.    and if you didn't ...  (  fingers crossed )  then

I would suggest that you would perhaps     turn-the-tables   on these guys ( people )  for a change.    Call them up,  and ask them a

bunch of questions at an inopportune time..   maybe something like..        well ,,,    I best not say..   but i was referring to a somewhat light hearted mock in the way of  relating that you had only a month or two til  that  @#$   is gone for good.

Best of Luck and Credit to YOU..

JT

Top Contributor

Reply by
JohnnyRain127

1009 Contributions
557 People Helped
Helpful to 8 out of 8 people

Nothing changes the reportable/removal date for collections. Per FCRA, It's 7 1/2 years from the Date Of First Delinquency, usually it's last time you didn't pay that lead up to such action, it dose NOT go by when the original account was opened/closed certainly not by when collection's open date.or another collection agency received the collection authority on that debt. The reportable/removal dose NOT re-age periord. The CRAs routinely remove them in 7 years. If you aren't sure? Call Credit Bureaus and they will tell you exact month it will be removed.

2 Contributions
13 People Helped

Wrong address

Helpful to 4 out of 5 people

I havent live in California for over 25 years.  I have an address on my credit that I never live at.  How do I correct it.?

Reply by
jillmf65

1 Contribution
3 People Helped
Helpful to 3 out of 3 people

I have never lived ouside of Michigan yet they had me living in CA....I don't know what to do either

Reply by
shiminski

4 Contributions
8 People Helped

see response to Nomadre's question

Reply by
shiminski

4 Contributions
8 People Helped

see response to Nomadre's question

Reply by
genhs

5 Contributions
8 People Helped

.. come on,  You're young..  your intelligent..   you live in the U.S.       those 3 things right there are beyond price.. 

-   just think of how tough it would REALLY be if you had only   2,  or  1     or    None of those things.     right ,  Right?!

(    JUST THINK IF YOU DIDN'T HAVE THE INTERNET  )         make it happen!

JT

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1 Contribution
1 Person Helped

AUTO LOAN

Helpful to 1 out of 1 people

I DIVORCED MY HUSBAN IN ARIZONA AND HE LIVED IN MARYLAND AT THE TIME OF DEGREE. IT WAS STATED BY THE JUDGE THAT BECAUSE HE WAS NOT PRESENT HE COULD NOT REMOVE THE AUTO DEBT FROM MY CREDIT ACCOUNT. WHAT CAN I DO TO REMOVE THE LOAN?

1 Contribution
0 People Helped

U hat 2 repo on my credit an some more

Helpful to 0 out of 2 people

Things on my credit that's is bringing my sore down

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