- Centurion Member
- Posts: 4913
- Joined: Sun May 20, 2012 4:35 pm
- Location: WI
Yeah, sure they do.
It won't really matter that it was paid except in manual review it will still report as a collection. Deleting it would remove the bad item from your report and help your score and credit.
Nope. It's only coming off if they request it comes off, or you successfully contest it, but it sounds like if you do they will simply say it's "valid" and it will stay.
If you pay less than the amount of the collection, then yes it does restart the clock in terms of them being able to sue you to collect on it, NOT for how long it reports on your credit. If they continue to make it show up on your credit after 7 years, they are violating the law and you would have a legitimate reason to dispute it and to contact the CFPB and file a complaint about their behavior as well as bring legal action against them, though whether that's practical is another matter.