*Loan,banking and credit>>>credit report

Requesting debt in collection be removed from credit report?

I was told by a mortgage company that I can request that a debt in collections be removed from my credit report without having yet paid the entire debt. I do make monthly payments and would like to request for this to be removed from my report to bring up my credit score. I do not know how to go about requesting this. I have a letter started for the company, but have no idea how to word this so that I don't sound completely retarded. Any advice on how to word my request?

Wow! Is this room filled with collection agents or what?

How about a slightly more positive answer?

The truth is that there are only two ways to get a negative item removed from your credit report.

1) The creditor fails to respond to a dispute investigation from the credit bureau...

2) The creditor must remove it himself.

Therefore, in your case it's useless to even try disputing it with the credit bureau. You are paying the debt, they can prove you owe it, so any investigation will end up getting noplace.

So we move on to option #2. As these nice bunch of collection agents have shown you, there are very few who give a damn about you our our credit! All they want is your money. But who knows, maybe you have one at is a real person....maybe you can catch him on a good day....

If you send a politely worded letter to him he may delete the report. Explain that you are trying to get a new mortgage, and that this report is hurting you a lot. Remind him that you have been been making your payments, and have made a good faith effort to pay your loan.

Who knows, it may work.

Ignore that nonsense Boogie says....any time you can remove a negative item from your report you WILL improve your credit score. Don't know where he evergot that!

I have never heard of this. Why should they remove it when you still owe it? Here's the scoop about credit reports: no debtor has to report to them - regardless of if the info is good or bad. No debtor has to report every month - some do it as little as bi-annually. Some banks do not report at all.

The bureaus are on your side so if you dispute the collection and the collection agency cannot support the report, the bureau will alter it in your favor. But as long as the collection agency sends in reports - and they tend to do that monthly - it will show up on your credit report.

Good luck.
I am a mortgage broker and a realtor
This doesn't sound right, even after you have paid the debt they don't remove it - they just mark it as paid. I don't think this advice is accurate.
Sorry to tell you this, but this is a crock of sh**. There is no such thing as sending a letter to the credit reportng agencies and having them remove a collection account.

You can try disputing this account. You can say it's not yours or it is inaccurate. The collection company has 30 days to respond, it they don't respond by the 30 day, then the account will be removed. Or you can try negotiating with the collection company. Try to will and deal with them that you would be willing to pay the account if they remove it from your credit report.
Worked for TransUnion and read plenty of letters you are about to send. I sent out lots of rejection letters.
Well, ok...I who ever todl you this...they lied. The truth is that they dont have to delete it even if you were done paying it.

Although they are required to update it to a "paid in collections" account...depending on what state your in...they have the right to keep in on your credit report for as long as the law provides.

Unless you get a really nice Collection Agent that wants to hook you up. But wont do it unless you pay it in full...I can tell you that right now. Dont even bother.

Another thing people will tell you that you can do is dispute the validity of the debt with the credit reporting bureau. Ya, dont do that either. That will just make it worse since the debt is valid and you have been paying on it.

When the bill collector gets your dispute that will set them off cause they were obviously nice enough to allow a payment plan and did not demand payment in full. If you didnt pay them in full than they could've sued you and enforced judgment.

Your in a good place now. What I recommend you do is contact the assigned bill collector and request that they remove it off your credit report if you pay the account in full.

The choice is his.

Good Luck