When will a bad debt be removed my credit report?
Brandon M asked:
If a bad debt is removed from my credit report because I disputed it, will my credit score with that burea be updated immediatly or will it take time?
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If a bad debt is removed from my credit report because I disputed it, will my credit score with that burea be updated immediatly or will it take time?
September 30th, 2009 at 4:28 am
Once removed, it will probably take 12 to 18 months to boost your credit. stan c
October 1st, 2009 at 7:54 pm
If a derogatory item (regardless of charge off, public record, or late payment) is removed from any of the three credit bureaus, your score will increase; it does generally take 30 days to reflect with the credit bureaus. Make sure you retain a copy of the proof letter in case the item ever re-reports to the bureaus. Good luck! Jennifer B
October 2nd, 2009 at 7:18 pm
The key is to not assume a negative entry will drop off your credit report automatically. Always follow up. That’s why it is important to obtain a copy of your report once if not twice a year. If there is any outdated,or erroneus info you can file a dispute with the credit bureau. I recently disputed a item,it was removed and my score went up 29 points in a month. Make sure you keep the letter the bureau sends you as proof of the item being removed. Also,beware of companies selling your debt to another agent,it may reappear under a different creditor name. Good luck T J