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williamld33

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How do I remove paid collection data off my report?
I recently went through paying off settlement debt to collectors and on my report from transunion it states "Payment after charge off/collection Settled - less than full balance". If this remains on my report will it continue to hurt my score and how do I remove this if possible? Thank you

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Direct TV Collection

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I just spoke to a representative in Direct TV and he stated that when you settle the account or pay in full they completely delete the account from your credit report.

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Verify they will REMOVE it before paying

Helpful to 6 out of 6 people

Our mortgage broker gave me this advise, and it worked. It probably only works, if you have not paid the debt yet.

DirecTV had sent a $100 unpaid bill to collections, and it showed-up on my credit report. That's a whole strory in itself.

Anyway, after speaking to DirecTV and the collection agency, DirecTV agreed and sent me an official letter stating that if I paid the balance to the collection agency, the agency would notify DirecTV, then DirecTV would REMOVE the debt, as if it never existed... I repeat... AS IF IT NEVER EXISTED (not just show as paid)... so if somebody ran a credit history, they would never be able to tell I had owed DirecTV that $100

It worked.  I also was sure to be able to get a payment confirmation # and payment proof would show, on my bank statement, that it was paid in full, with my debit card.

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Wait 7 years.

Helpful to 5 out of 10 people

Sorry, but every credit account you've had will remain on your credit reports for, generally, 7 years.  Then it will fall off.  This is according to federal rules and there is nothing that can be done to change it.

You will just have to be sure all accounts are paid when due and in at least the amount promised (making larger payments to get a balance paid faster is a good thing) so that you will have some positives on your credit report.

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