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alexanderroscoe

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Will paying an old debt remove the derogatory remark?
I have one derogatory remark on my credit report from a parking ticket. If I contact the collection agency and pay it off, will they be able to remove this remark? Or is it really permanent for 7 years?

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In the accounts in collections section the comment will be removed upon payment IF the creditor agrees to do it (you should get this in writing).

Any comment in the main negative section of your report will remain for 7 years unless the creditor elects to change it- for example, changing defaulted status to closed for payment less than balance owed. You could request that they remove the specific information, but they don't have to.

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The collection company will not just automatically delete this mark off of your score. You will have to have them agree to delete it if you pay if off prior to you actually paying, and it is advisable to have them confirm this in writing before you pay it to ensure it actually gets deleted (if they agree to it that is). As previously noted, they are not obligated to delete it.

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