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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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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.

Sincerly,
Steve

You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.




About the author

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.

15 Comments

  • 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?

  • 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.

  • 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

  • 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

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