How do you remove a "LEGALLY PAID" charge offs from a credit report

As a result of circumstances beyond my control, I was put into a situation where I used a credit card but could not pay it off due to an accident and no job for a couple of years.

It is the only bad mark on my credit report. My score is good, but the notation still does its damage. I want to know how to remove it.

I was told it would be taken off, but it has not been removed. I disputed it with the credit bureaus and they came back and said they were able to verify the information, but the information that I have does not agree with what has been reported.

I then wrote to the company, and they sent me back a letter asking for more information cause they have no information,...

It seems to me that if the company has no information and it can not be verified, that the credit bureau has to remove it. I sent one letter and they told me that they would get back to me, nothing happened.. it has been over 60 days. I have now sent them another letter... I hope it comes off..

Any ideas???

As the company has no information regarding that account, the credit bureau should remove the item from your credit report. You have taken the right step by contacting the credit bureaus and sending them the second letter to remove the item from your credit report. I hope this time it will hopefully come off.

You should note that with time, the affect of negative item on your credit report gets reduced. Also, after 7 years, the item will be removed from your credit report.

It they are reporting accurately, they have no legal liability or reason to remove it.

The reason the company has no information is because the account is closed and paid. Once paid the reporting is automatically done electronically based on the fact that you paid. They can prove you paid a collection account...unless you got a pay for delete letter, you wont be able to dispute it.

The legal obligation to delete information from one's credit file is triggered only if the consumer has disputed, and in the resolution of that dispute, the furnisher of the information either confirms that the reported information is inaccurate, or they do not state that they have verified its accuracy. FCRA 623(b)(1)(E). They have 30-days from the date of dispute to provide the verification back to the CRA.

It does not appear, at this point, that you have a notice of dispute resolution that confirms, as a result of their reinvestigation, that the information has not been verified. To the contrary, you have a dispute that has been verified as to accuracy.

The CRAs wont, and shouldnt, interject themselves into the issue of creditor verification.

You must first have a dispute resolution that evidences lack of furnisher verification before you can compel the CRA to exercise the deletion of the disputed information.

Having once filed a dispute that resulted in verification, the CRA can simply dismiss any subsequent dispute that contains no new documentation as being duplicative, and thus being "frivolous or irrelevant."

Maybe you can assert that the current representation that they have no records upon which to verify the information constitues "substantially new information" that would justify a renewed dispute. That would be my suggested route. And use of the direct dispute process rather than through the CRA would remove any CRA meddling in the issue, and thus prevent them from refusing to even forward the dispute to ther reporting party.