Report paid dept to reduce score
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ADAMS2783
New Member

Report paid dept to reduce score

I sold a house in January and got a paid in full letter from the lender. The loan is still on.my credit report. How do I get it removed

2 Replies
tagteam
Level 15

Report paid dept to reduce score

Contact the lender directly, first.

 

If you do not get results in a timely manner, you can file a dispute (link below).

 

https://www.consumer.ftc.gov/articles/0151-disputing-errors-credit-reports

Opus 17
Level 15

Report paid dept to reduce score

Closed accounts will remain on your credit report for at least 7 years, but if you paid in full when you sold the home it should be labeled “paid-satisfied” or something similar.  This helps your credit score.  If it shows as an open account, you need to contact the lender directly.  

Some account notations may not be visible in Turbo’s view of your credit file. You can get a complete copy of all three credit reports at www.annualcreditreport.com.

*Answers are correct to the best of my ability at the time of posting but do not constitute legal or tax advice.*
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