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Creditors not updating credit report. read on...?*

I have a credit card on my credit report that I paid off, Experian says paid but the other two still say charge off. Does this affect my credit that it doesn't say paid for those two scores? HELP It was from 2006 but this is the first time I've ever pulled my credit to see.

Answers:

1) Did you pay the original lender or was the debt charged off and sold to a collection agency?

2) You should dispute the items on those credit reports. Use a free service like www.privacyguard.com or www.freecreditreport.com. They will investigate and update the status.

3) There's a slight delay and it can take about six weeks to update. If they haven't updated by then, request that they updated your records. Don't expect a huge improvement in your credit score though. "Paid" is a slight improvement, but the charge-off notation will remain for up to 7.5 years.

4) you need to contact the two agencies and file a dispute about the incorrect details. it'll be easy to clear up, we had the same thing happen to us, we just filed a dispute, just send the copy of the receipt of the credit card that reflects a zero balance.

5) Get a letter on anything you pay off. That way if the creditor does not update the credit bureaus like they are suppose to you can go to the bureaus and dispute yourself. Here is step by step instructions. http://www.creditscorequick.com/2008/03/fix-credit-report-errors-learn-how.html

6) If the debt was purchased and the bill went to collection it might continue to say charged off. If you are in the right I strongly would consider getting a lawyer. I had a situation where a credit card company contacted one of them and told them that the entry was their error. Still, there was no one in this organization that was able to do anything. I told them that they were knowingly putting out incorrect information that was doing me harm. They said, "sorry". No one with the ability to help you will ever be allowed to answer the phone, but they do like to talk to lawyers.

7) Hello Lo, and yes it will be affected. Working it in reverse now, you'll want to send a copy of that letter to the other two reporting agencies. Get a contact person at those other two reporting agencies, just so they will be more familiar to your file. Meanwhile, as mentioned above you'll want to provide proof of what you say is accurate. In the future when paying off a debt, I can show you how to save money on what you pay back as well. But for now, follow the above steps and stay on it!!!! Creditors don't care necessarily about how your "Report" looks once you have gone into the negative with them. So often the aftermath can end up with a person saying I paid! At this point it is their only concern to get paid on that delinquent account. Now you are forced to sometimes, make them report it correctly. This is easier to do from the beginning if you have the correct tools, knowing the correct questions to ask. I am happy to help you:-) Good Luck! p.s. Be sure to ask the creditor once you've provided proof, what is the turn around time of that payment showing "Paid" on your report? Then, follow up in the allot ed time, order new reports from all three to make sure they are all reporting what they should. This of coarse includes your "Reported" payment. Good Luck

8) Start a dispute. Send in copies of the receipt or a statement with zero balance to each bureau showing the open amount.

9) If you paid it off thu a collection agency, the original creditor would still show charge off. The collection agency entry would show paid. You could file a dispute with the credit bureaus, that the account was paid.

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