Quote:
Originally Posted by DaneMcCloud
Right.
But a lot of times, the agencies will remove something if it's been a reasonable amount of time after it's been paid.
I seriously doubt that if they were to refuse his request, it would stay on his record for 3 years. One year, maybe. Which is why I suggested that he check it often.
Once it's been paid, it's out of the creditor's hands and up to the credit rating agencies.
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In reality, if it was placed with a Collection Agency and was valid, regardless of whether or not it gets paid, it can remain on his Credit Report as long as 7 years.
The rules and regulations for the FCRA and the FDCPA are pretty straight forward.
mmaddog
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