After you pay a bill that has been in collections how long does it take for it to come off your credit report?
I have some medical bills in collections right now and I was wondering how long they stay on my credit report after I pay them. I also lost my job and I am behind on my credit card. If I pay it off when I get my taxes done when will that come off. And also will it always say that I was behind?
Asked By: MissMonique - 3/2/2010
Best Answer - Chosen by Asker
Negative reports stay on your credit report for 7 years whether paid off or not and correctly reported negatives cannot be magically removed. However it does look better if you ask the creditor to notate your credit report item as paid (get it in writing before you pay them off).
Answered By: Julia H - 3/2/2010
Additional Answers (3)
7 years after last posting and yes the fact you were behind will remain even if you close the accounts
Answered By: golferwhoworks - 3/2/2010
The fico score will not improve if you pay off that debt... More
Answered By: Judy - 3/2/2010
Paying off derogatory items will not improve your score nor will they be removed from your credit report. The damage is done and will remain for the balance of the 7 year reporting period, whether paid, unpaid, or settled. However, creditors look at your whole credit report, not just the score. Paid old debt looks... More
Answered By: bdancer222 - 3/2/2010
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