Receipt from collection agency by: Debtcollectionanswers.com
I am not aware of any law requiring a collection agency to provide you with a receipt once you have paid a debt in full. If you want a receipt, ask for one. I recommend that you put your request in writing, make a copy of your letter for your files, and send the letter via certified mail with a return receipt requested. It's best to direct the letter to a specific person or department however.
Mar 06, 2012
erasing bad debit by: mr Bryant
Hello I just wanted to know since I'm trying to buy a new car by the end of the year I paid all my debt how do I go about getting this old debt removed off my credit report and is it true that removing old debt will boost you're score back up and I also heard it only takes a month to remove old debt.
Reply from DebtCollectionAnswers.com:
Congrats on paying off your debts! As soon as the creditors report your new zero balances to the credit reporting agencies you'll be fine. It usually takes about a month.
Again, this is a great accomplishment. Congratulations!
