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I Have Paid Debt I Want Removed From My Credit Report. – Sara

Sara

“Dear Steve,

I had 5 outsanding debts, that I never paid any payments on from 2004 I took out a small loan, and paid them all off in 2006(which I have paid on time to this day). Now that all five accounts are closed, How do I get them to take it off my report? Do I have to wait the 7 years and will it be a clean slate from there? Thank you for your time.

How do I get paid/closed debt accounts off my credit report?

Sara”

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The Answer

 

Dear Sara,

You don’t get to have them legally removed from your credit report. They will be reported for seven years and then will remain on your credit report file but simply not displayed anymore.

Items on your credit report are supposed to be true and factual. That includes the good stuff and well as the bad stuff.

I understand what you want to do but it is a bit like asking for a college transcript with everything below a B removed. It just is what it is.

Big Hug!

I Have Paid Debt I Want Removed From My Credit Report.   Sara
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About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
  • Petrone Lisamarie

    I have paid my debt and I have confirmation paper work saying so. I want to sent them off to the people that keep my credit check to make triple sure they are notified!! where would i send this?

  • Steve Rhode

    If it is not updated after 60 days then file a dispute with the credit bureaus reporting it and provide proof that you paid it.

    That will do it.

  • Jkl1982

    Hello Steve, I have a question regarding your answer to Sara’s question. I have recently paid of a debt that went into collections. Will it state on my credit report that the debt has been paid? I understand that the negative has to be reported, but is there a way for creditors pulling my report to see that i’m free of bad debt?
    Thanks!
    Jen

  • Jkl1982

    Hello Steve, I have a question regarding your answer to Sara’s question. I have recently paid of a debt that went into collections. Will it state on my credit report that the debt has been paid? I understand that the negative has to be reported, but is there a way for creditors pulling my report to see that i’m free of bad debt?
    Thanks!
    Jen

    • http://GetOutOfDebt.org Steve Rhode

      If it is not updated after 60 days then file a dispute with the credit bureaus reporting it and provide proof that you paid it.

      That will do it.

  • Steve Rhode

    Welcome.

  • Thanks_steve

    it is what it is? what kind of answer is that. big help from a big dumbass. thanks bud

  • Thanks_steve

    it is what it is? what kind of answer is that. big help from a big dumbass. thanks bud

    • http://GetOutOfDebt.org Steve Rhode

      Welcome.

  • meredith pettis

    How long do creditors have to show that you have paid off an account in full (zero balance)on your credit rport? Also, if you are paying down a balance (but have not paid it in full) how often do creditors have to update the balance due on your credit report legally?

  • Michelle Reed

    Dear Steve,

    My husben and i paid off all of are negitive debts and paid down the things that were not negitive to try and improve are credit score and it really has not changed.I have also desputed all the things that have been paid off but not updated on my credit, what can i do?

    • http://GetOutOfDebt.org Steve Rhode

      Michelle,

      The best course of action is to get the answer straight from the credit bureaus themselves. Order a copy of your consolidated credit report with the credit score option. It will tell you exactly why your score is what it is and the specific action you can take to improve it. The link to the consolidated credit report is the same one I use.

      Steve

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