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I filed my taxes today and included a 1099c form for a credit card debt of $ 10,107. Now that this debt is paid, how can I get the credit card company to remove this from my credit report so my credit score can go up. All of my bills are paid on time and I only have one debt left that is a positive on my report. My goal is to be debt free and buy a house this year.

4 Thoughts on How can I get a debtor to remove a settled debt off credit report?
  1. Steve D
    August 13, 2011 at 4:22 am

    About all you can do is beg. By rights, the debt should be marked as paid and closed with the appropriate rating. It is very doubtful the card company will remove the entry as appropriate and accurate reporting is the basis for a credit bureau report. If people could get all the bad info removed by asking, the reports wouldn’t be worth anything.

  2. Ted
    August 13, 2011 at 4:42 am

    Time for a reality check.

    You say “now that this debt is paid”. You also say you got a 1099C. That means that you did not pay. It means that the creditor has accepted that you are a deadbeat and they will never see this money. “Settling” is not the same as “paying”. The purpose of the entry on your report is a warning to other creditors that you do not pay as agreed.

    By the way: you are the debtor. The party that gives you credit is the creditor.

  3. Cindy
    August 13, 2011 at 5:37 am

    How can I get my creditors to remove a settled debt off credit report?

    “When the only tool you own is a hammer, every problem begins to resemble a nail.”

    The 1099cc form signifies you are reporting the money saved by Debt Settlement as income to the IRS. If you already Settle your debt of $ 10,107, and you are Debt Free I can recommended a
    good way for you to clear your credit score. It will remove your late marks, and it will allowed you to view your credit score as good as before. A credit restoration firm can really help, They will remove late marks that accumulated during the program you were in. Within 6-10 months after completion, your credit should be just as good as when you first started, it is not very expensive and it is worth it. I recommend you to look for this credit restoration firm if you will like to get a house in the future. That will be the fastest and safest way to restore your credit.

  4. Bill R
    August 13, 2011 at 6:07 am

    Сredit repair workеd fine to fix my credit. They disputed and removed lots of bad items from my credit report. I used this service – freecreditreport.sinfree.net

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