When will we see that the debts have been paid off on credit report?

Date: Fri, 07/19/2013 - 04:58

Submitted by anonymous
on Fri, 07/19/2013 - 04:58

Posts: 202330 Credits: [Donate]

Total Replies: 4

How long does it take for the credit reports to show that we have paid off our debts? We are planning to buy a house somewhere in Suisun City, California. We wish to cut down the debt-to-income ratio in order to get lower rates on loans. My father-in-law has sold his house. We are thinking to pay off the debts with the sale proceeds. Will we see the change in the account status immediately? Do we have to wait for a month to see a change in the credit report?

WELL

are these current,or late on the CR?if late it will only show as paid late on the CR.derrogatories stay for 7.5yrs from DOFD.so paying a deorrgatory won't remove it,or improve their score.you can negotiate a PFD(pay for delete)prior to paying the debt.but that would be up to the creditor.

lrhall41

Submitted by paulmergel on Fri, 07/19/2013 - 07:05

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It'll take a month or so to

It'll take a month or so to see a change on your credit report. Pay for deletes don't work nowadays.

lrhall41

Submitted by anonymous on Sun, 07/21/2013 - 20:41

( Posts: 202330 | Credits: )

again

if negotiated prior to paying,but it is up to the creditor,or owner of the debt.after paying forget it!!!!!!!

lrhall41

Submitted by paulmergel on Mon, 07/22/2013 - 05:47

( Posts: 15514 | Credits: )

Yes, it may take around a

Yes, it may take around a month and if that does not work out, you will have to send a copy of the payments made to the CRA, requesting them to update the status.

lrhall41

Submitted by marvelbecks on Tue, 07/23/2013 - 03:47

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