Removal from Credit Report

I am not sure how long they have however you could always send a copy to the CRA to speed up the process

 

I recently had a collection deleted by the CA. It took about 40 days or so for it to be deleted off of EX. I didn't press the issue by contacting EX directly because I wasn't applying for any new credit during the process. By law, I don't know quickly they must delete.

 

if you send the CRA anything, make sure it doesnt state anywhere that the account is actually yours.

if it just says 'we are in the process of deleting this information' that is ok, but if it says 'we are in the process of deleting your paid charge off' that is not ok.

Know what I mean? It basically gives them proof that the account is indeed yours and is being reported correctly.

 

Mark.. I know what you are saying however why would it matter since the intent of the CA is to have the account deleted...

is this just incase some other CA buys the account later down the road?

 

If the CRA's know that it was 'paid for deletion' they will state that just b/c something is paid does not mean it is to be removed. They have contracts with their subscribers that says that they will not delete for payment.

 

Here's my take. The CRA may not like it, but I doubt they could do anything about it. The CRA is merely a repository of information. If they were to continue to report the information, then they would be liable as furnishers of information. They also would not be able to report this information under any company's name but their own. You never owed the CRA anything.

How would the CRA be able to validate or prove the debt beyond the letter? An agreement to delete an account doesn't prove the obligation of the underlying debt.

Gib