Saturday, April 18, 2009

How long does it take for a debt record to come off my credit report?

I just paid off some credit card debt. How long does it take for the debt to come off my credit reports? Thanks people.

How long does it take for a debt record to come off my credit report?
You could call the creditor and ask them to submit an update to the reporting agencies, there are three of them; transunion, equifax and experian. The update would then be done that week. But typical creditors update send their updates to the agencies quarterly (every three months).
Reply:It normally only takes a month or two, a closed credit card


will stay on your record for 10 years starting from when


the account was closed.
Reply:They will likely show as paid delinquencies unless you take action. Credit repair should get these and all other negative marks off your bureau. Usually companies charge hundreds of dollars to simply pull your credit and send correctly worded dispute letters—this is the key…..people will tell you that you can do this yourself for free but the truth of the matter is that the credit bureaus will throw your letters away or simply reject them. There is an easy to use online kit that will deliver the results you want available for just $19.95 at the source website. A similar kit is being sold via infomercials and radio talk shows for seventy dollars more but they try to solicit you repeatedly for other services after the fact.
Reply:usually it takes about 3-6 months. There are some services on the tv, radio that help you out clean the debt records and you pay few dollars to do so. They do all the job in couple of weeks or 1 month.





good luck


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