You cannot remove paid collections from your credit report. Collection accounts, whether paid or unpaid, will remain on your credit report for seven years, starting from the date your delinquency is reported to the credit bureaus. After seven years have passed, the collection will fall off your credit report automatically.
Some companies will try to convince you to pay extra for the removal of paid collections from your credit report. But this practice (known as pay-for-delete) is usually unsuccessful and can cost you a lot of money, so it’s best to simply wait for the collection account to be removed from your credit report normally. You could also ask the collection agency for a goodwill adjustment (where they would remove the paid collection from your credit report), but the collection agency has no obligation to accept such a request.
While seven years may seem like a long time to wait for something to fall off your credit report, you don’t have to wait until then to start working on your credit score. In fact, you can start right away. Log into your fee WalletHub account and check out the Credit Analysis page for customized advice to improve your credit standing.
Paid collections stay on your credit report for 7 years. After you pay the account in collections, you can reach out to the collection agency and see if they will accept a goodwill adjustment. This is a request to remove a negative item from your credit report, or at least reclassify its status to benefit you, but the collection agency has no obligation to honor it. If the collection agency does not accept a goodwill adjustment, your credit report will still reflect your account as paid, which will look better to creditors than if you had not attempted payment.… read full answer
You cannot remove closed accounts from your credit report unless they are proven fraudulent. But that isn't necessarily a problem because closed accounts with no negative history will remain on your credit report for up to 10 years from the date the account was closed and will have a positive influence on your credit standing.… read full answer
A closed account with negative history will remain on your credit report for 10 years, too, but most types of negative information associated with the account will fall off the report after 7 years.
If you believe that the closed account isn't supposed to be on your credit report, then you can submit a dispute with the credit bureau. You'll have to explain the error in detail, and even provide evidence where possible.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.