Posts Tagged ‘ paid in full ’

Paid account will not be deleted from your report immediately

Dear Experian, How can an account I paid off and closed still be on my report? It has been there since 2008. - CBH

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Recent late payments hurt credit scores the most

Dear Experian, Why has my credit score dropped 42 points? There is a late payment on one of my cards which has since been brought current, and four of my accounts have been paid off and have a "0" balance. Why doesn’t my score increase as quickly when I pay off accounts as it does when I miss a payment? - KRS

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When negative information will be removed from your credit report

Dear Experian, If the account status information says the item will be moved from negative to positive on a certain date, what determines when and why that happens? - AJH

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The difference between “closed” and “paid in full”

Dear Experian, Some of my accounts that are paid in full show “closed” instead of “paid in full.” Does this hurt my credit rating? If my account is paid in full but did have delinquent payments throughout the term of the loan, can it be deleted seven years from the original delinquency date? - OGG […]

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“Paid in full” charged off account is better than “settled for less than owed”

Dear Experian, If you have a charged off account, is it better for it to show "paid in full" or "settled for less?” - JMN

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Credit card paid in full but does not show zero balance

Dear Experian, I pay my credit cards off in full before the payment is due, yet my report shows a 60 percent utilization ratio. Why is this happening and how can I prevent this besides getting more available credit or not using my cards? - RBR

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Mortgage application denied because of inactive credit history

Dear Experian, How can I get my credit file updated? I have paid off two loans and made every payment on time. However, when I tried to get preapproved for a home loan I was told my credit report was inactive because there has been no change to my report in six months. - PAT

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Paid collection account not deleted immediately

Dear Experian, How do I get something I have paid removed from my credit report? I'm trying to get approved for an apartment and I need it taken off ASAP. I have the letter from the collection agency showing the debt has been paid in full. - RRB

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Payment history may cause “paid” account to be listed as “potentially negative”

Dear Experian, I have a paid, closed account showing as potentially negative on my credit report. Why, if it shows paid, is it listed as a negative item? - ORI

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Paid debt not deleted immediately; documentation not necessary for removal

Dear Experian, If you pay off a debt does it get taken off of your credit report with in a month? How does it get removed? Do you have to show proof of payment such as writing a letter? - RDA

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“Potentially negative” items listed on credit report

Dear Experian, How can I get my credit score up? It seems to keep going down, and I have paid almost everything off. Also, if an account is paid in full, why is it considered potentially negative on my report? Can I remove it? - EIG

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When paid off accounts are deleted

Dear Experian, If I pay off a negative account on my credit report, will it be removed from my credit and raise my score or will it remain on there seven years and not change my score? How does this work? - TYK

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