My credit report showed a charge off. I paid the charge off and it now shows it as a paid charge off with a I9 status. How do I remove this from my credit or how long before it gets removed? It has been 3 years.
The only way to remove it without the cooperation of the credit grantor is to dispute it. Dispute it with all three credit bureaus. Other than that, 4 more years for a total of 7. Some take as long as 10.
Of course, you should start with the credit grantor. Let them know you are trying to purchase a house, and ask them if they would be willing to remove the entry.[ Edited by bnorton on Date 09/11/2004 ]
Thats the whole issue that I think is BS. In terms of your credit report and score only a non-paid chargoff is no better than a paid one.
I would guess to say that only a very small percentage of chargoffs do get paid off but I don't see the modivation for folks wanting to clear up debts owed.
The only way to remove it without the cooperation of the credit grantor is to dispute it. Dispute it with all three credit bureaus. Other than that, 4 more years for a total of 7. Some take as long as 10.
Of course, you should start with the credit grantor. Let them know you are trying to purchase a house, and ask them if they would be willing to remove the entry.[ Edited by bnorton on Date 09/11/2004 ]
Thats the whole issue that I think is BS. In terms of your credit report and score only a non-paid chargoff is no better than a paid one.
I would guess to say that only a very small percentage of chargoffs do get paid off but I don't see the modivation for folks wanting to clear up debts owed.
Quote:Some take as long as 10. Only a bankruptcy can legitimately stay on 10 years.