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How do I clear small collections from credit report?

master stghm asked:


I have a small collections of $79 dollars on my credit report from Experian that I wasn’t aware of until my credit union told me.

I will pay it, because I remember what happened and I do owe the money, but I don’t want it to stay on my credit report even after I’ve paid it. How can I get them to erase it?

Rita

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This entry was posted on Friday, July 24th, 2009 at 6:47 am and is filed under Free Credit Reports. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

4 Responses to “How do I clear small collections from credit report?”

  1. hippytreehugger4ever Says:
    July 24th, 2009 at 7:04 pm

    Angel

    Wait 7 years like everyone else.

  2. New to the accounting field Says:
    July 26th, 2009 at 1:34 am

    Marion

    You may be able to send a letter to the company that sent it to collections, with a reason why you didn’t initially pay it. They sold your debt to the collection agency, so they lost money on the deal. It will likely be on your record for 7 years.

  3. bdancer222 Says:
    July 26th, 2009 at 11:33 pm

    Lewis

    Send the collection agency a letter offering to settle. Specifically say that this is not an acknowledgment of the debt but an effort to expedite removal from your credit report. Offer to pay $x in exchange for them removing the item from your credit. You can offer the whole amount or if the debt is a few year old, offer half.

    Ask that an authorized agent of the collector sign and return a copy of your letter to indicate acceptance of your offer. When you get the returned copy, send them a money order. Do not give the collector direct access to your bank account.

  4. Jeffrey Says:
    July 27th, 2009 at 10:08 pm

    Leon

    Well, before you pay anything on it, dispute it and see if it falls off. They might not bother answering your dispute since it is such a small amount.

    If you don’t want to do that, then send them the letter in my source (or another like it) and plug in your information. Offer to pay in full in exchange for them deleting the account.

    If they give you the run around, think long and hard about paying them. It will not help your FICO score to pay it and they will most likely not bother suing you over such a small amount.

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