If an account is deleted, do I still have to pay for it?
Yes you do.
The reporting of an account has nothing to do with the actual account itself.
You start a business
Set up a website and show up on Google. (reporting)
Remove the website from Google (deletion)
Because you had a deletion of the website from Google, does it mean your business no longer exists? Of course not. It simply means that the reporting of your website on Google is no longer there.
Should I pay off this collection or wait for it to be removed first?
This is a really important time for you. You're getting your life together (at least financially with your credit, right?), making plans for the future... What if you finally have money to pay off a collection and you're in the middle of a credit ...
Why do some accounts get removed quickly while others take a long time?
Unfortunately, this process is not certain. It's not guaranteed. There's no way to "force" the bureaus, creditors or collection agencies to do anything (or anyone else for that matter). This is why I call them "rounds", as in "dispute rounds". It is ...
Can information be removed from my credit reports even if it belongs to me?
Any accounts on a credit report can be removed, but they must to be removed due to a violation of some type (which you will find described in the Fair Credit Reporting Act) (FCRA) or due to inaccuracy, inability to verify or incompleteness. There are ...
What is the debt collector required to tell you about the debt?
They must adhere to the federal law, the Fair Debt Collections Practices Act. Within five days after you are first contacted, the collector must send you a written notice telling you the amount of money you owe; the name of the creditor to whom you ...
If I have a closed account without a balance and negative comments, should it be removed or corrected?
Accounts with a $0 balance and negative comments will be corrected. Accounts with a balance and negative comments will be removed.