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dougie69

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When should a reported debt that is paid be removed from your credit report?

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It all depends on what kind of debt it was and what kind of agreement was made when paying it. It also depends a lot on the company listing the debt. In general, negative accounts will stay on your reports for 7 years (the start of the 7 years would be the time that you failed to make the payment that led to the negative mark, known as "date of first delinquency" (dofd)

Some companies (usually not credit card issuers) like old medical bills or utilitly payments do remove the account from your reports once paid, but this doesn't happen often. Whenever paying off an old collection a person should always try to get a pay for delete agreement, in which the collection company agrees to remove the account from your reports in exchange for your payment.

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