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I believe that once you've paid a debt, it should be removed from your recognition reports. However, the recognition bureaus disagree. In fact, by law they are able to describe it for up to 7 old age from the day of the month it was paid. But, here's the good news: Also by law, you are permitted to difference any business relationship on your recognition study that you choose.

Once you challenge an business relationship on your recognition report, the recognition agency contacts the creditor to verify the item. The creditor have 30 years to verify the account. More often than not, if the business relationship is paid, the creditor will not trouble oneself collateral it and if the business relationship is old, tons of modern times they don't maintain the records and are not able to verify it. If that happens, it must be removed from your recognition studies immediately.

If the probe consequences come up back as "verified", you have got the right to bespeak the recognition bureau's and collector's method of verification. You should immediately direct them a missive requesting verification. There is no bounds to how many modern times you can challenge the business relationship with the recognition bureaus. Usually, if they are going to take the account, they will make it with in the first couple disputes, but I've seen business relationships be removed after up to 15 disputes. Sometimes you just have got to maintain on them.

You can also reach the creditor directly and inquire them to take the account. This should always be done BEFORE you pay the account. Offer to pay the business relationship if they will assure to cancel it from your recognition report. Get the understanding in writing; especially if you're dealing with a aggregation agency.

If you've already paid the account, you won't have got much negotiating power. But, it won't ache to inquire the debt aggregator to properly validate the debt. Writing a debt proof missive is a great manner to set pressure level on the debt aggregator to take an business relationship from your recognition report. Just because you've paid an business relationship makes not intend that you hold that the business relationship is yours. And many times, if you have got paid the debt, the debt aggregator will take it from your report. All they wanted was their money. They really have got no ground to go forth it on your recognition study and hazard being sued.