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I have a old utility coll/C.O. that was paid back in 03-04. I called the utility company to see if they still have record of it before I tried to get it removed. They couldn't find it. My question is, since its only a utility bill will having it removed effect my history in any way? I don't think so.
i know history is very important but this isn't a revolving account or anything like that. It would be my guess that a collection or charge off like this would only raise the credit score with removal. Would this be correct?
I'm just wanting to make sure.
Thanks.
Yes, if it was a delinquent utility bill which has already been paid in full, then removing it from your credit report will definitely improve your credit score. However, this negative listing will stay there in your credit report for seven years and six months from the date you became delinquent.
Credit score improves whenever any negative items get out of your report, be it charge off listing, a collection account or a delinquent utility bill.
iflex,
Do you have any receiptsd showing you paid the bill? If so then you can dispute and use this copy of payment to get the mark removed. Now even if you don't you still may be able to get the mark removed. You said you called the company and they do not have a record of this bill right? well then I would send out a debt validation letter. If they have no record of it then they can not validate the debt and therefore it would be removed. Sometimes places do not update accounts so my future advice is to use the free credit reports you can get each year and always monitor your credit for errors. Simple mistakes can damage your score. You can check your credit report every four months to be sure it is correct.
co revolving account
Thank you.
One more question.
An old creditcard was verified. I then called the credit card company to see what the status was and they couldn't pull up the account. He said after 5 years there usually no record any longer. It was paid.
Anyway, obviously I will now be able to get it removed but I'm wondering that having it deleted might go against my credit history, and possibly not benefit my score. Since its a chargeoff, would it benefit me to go ahead and get it removed because the charge off is hurting my score more than any history this card is showing? Its also due to fall off on 01-10 but I'd like to get it off if its benificial now. I'm guessing geting the chargeoff would help my score.
What do you think
It was a paid in full chargeoff.
credit
I know 2010 seems far away. Did you say you DID pay the debt in full?..and you DO have proof? If you have proof of this, I would send a Certified Letter to the CB's and see what you can do. Just for 'future reference', if you have debts that are due to 'fall off' soon and the SOL has expired, i would touch them. If you do, you can 're-start' the SOL on the debt. I found this out the hard way.
Sol restart?
The account is paid. If debts are paid the sol woulnbn't matter, right? All of my debts are paid off so right now I'm just working on getting the charge offs my reports. On average, how many points is getting a charge off worth? Also, if accts are paid, and a creditor cannot locate information, proof then i'll be able to get it off, right? My scores are 664,661, and 673. I'm trying to anything I can to get to the 700 point. Will getting a couple chargeoff accts and a couple of collections off get me there?
credit
You're right,...the SOL would NOT matter if the debt is paid in full. Points?..I really don't know. It varies. Looks like you have some pretty good credit scores already.
Hi Iflex
It is always good if a charged-off account can be removed from your credit report. Normally a charged-off listing cannot be removed before 7 years from the date of your last missed payment towards the debt. However, if the creditor does not have any record of the account, you can definitely send a dispute letter to the bureaus and try to get it removed from your report.
credit
I din't think you could remove a Charge-Off before the 7 (or so) years is up. If you can, how do you do this?
Yes, once a account is charged off, it can never be removed from your credit report before seven years by a collection agency. However, if the debt is still with the original creditor and if you can make the original creditor agree to pay for deletion agreement, then only the charge off listing can be removed from the report before the seven year period.
electricity bill
I have already paid my last two electricity bills. But I am unable to find the paid copy receipt. Now my present bill is showin arrears . What to do. Please help
14 year old water bill
I have lived at our current address for 11 years and we have a water company through our county,our sewage bill is through the county that we lived in before. I paid our sewage bill last month and when i got a copy of our most recent biil there was a $207.00 charge on this bill that is back from the year 1997 that they said was charged off and that it was my place to prove the charges were incorrect. how can that be? And how am I supposed to prove that this is not my charge from 14 years ago? Can someone please give me advise? Am I legally responsible for this charge? Should I call our local BBB or what other resources do I have?
14 year old water bill
I would start by getting documentation of where you were residing in 1997. Send this information to the utility company and go from there. You shouldn't have to pay for for utilities at a place you were not living.
remove the charge off in exchange
Hi,
I just ran into a similar problem. 6 months ago, I moved out of my apartment, payed my bill and then closed my utilities account. The other day, I received several phone calls from a shady representative at a collection agency. When I called the collection agency, they said that I have an outstanding balance with a Los Angeles utility company, and that this debt had been reported to one or more credit reporting agencies. I told the collections agency representative that I would confirm this debt with the utility company before paying the collection.
I then called the utility company, and they confirmed that I still owed a balance and that it was referred to a collections agency and reported to the credit bureaus. I told them that I received no notice that there was a remaining balance, and that I never had an opportunity to pay the utility company before the debt was referred to a collection agency. Then I told the rep that I would like any derogatory entry on my credit report to be deleted in exchange for my payment of the full balance. He checked with a supervisor, and after a long wait said he would accept the payment, but they could not remove the derogatory entry from my credit report(s). I then emphasized that I was never given the opportunity to pay the bill so that I could have avoided any negative report of the debt to a credit reporting agency or a referral to a collections agency; and I stated my credit rating is important to me, and insisted that I'd be willing to pay the balance in full in exchange for a deletion of the any derogatories on my credit report. He put me on hold again, and then after another long wait, came back and agreed to delete any derogatory entries in exchange for payment in full. He also agreed to have the debt recalled from the credit agency, and that they would no longer pursue collecting on this balance--He referred me to the person in the company who was qualified to fulfill these terms and accept my payment. I preferred a contract specifying these terms, but when the officer of the company said there was a significant chance that the legal department would deny my request for a written contract before receiving my payment, I finally agreed to physically arrive at the utility company payment facility and make the payment in person if an officer of the company would immediately provide a letter confirming receipt of the payment in full and removal of the negatives from my credit report related to this account. I did, and they did, and now a charge-off will be removed from my credit report.
Bottom line is you have to 1) insist on a pay for delete arrangement; 2) be polite yet firm; 3) Be persistent; 3) Request for a contract with the terms of the arrangement specified; 4) If they refuse to a contract even though they agree for a pay for delete arrangement, agree to pay them only if it is in person and if you'll get a letter confirming their end of the bargain immediately following payment; 5) If it is not possible to pay in person and get a letter confirming the terms of the agreement right away, insist on a written contract, get their mailing address, send them a version of a contract, and make modifications to it until the terms/wording are mutually agreeable.
Good luck
Removing old bills
If you had a bill in your name in 2008-2009 an haven't had it on in your name again since but there is a balance due, does it get removed from your account? As a 0 balance when getting turned back in in your name?
Credit Help
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