If a there is something on your credit report with a 0 balance, should it be taken off?

I have an item on my credit report that says it was sold or transfered. The balance is $0. Can this be removed from my report. If so, how?

If a there is something on your credit report with a 0 balance, should it be taken off?

You can do online disputes w/ all 3 credit places and wait the 30 days to see if it can be verifed or not. If it%26#039;s the only bad thing I wouldn;t worry about it.

If a there is something on your credit report with a 0 balance, should it be taken off?

If that%26#039;s the only negative or unusual thing on the report, just ignore it. It shouldn%26#039;t effect your score. As long as there is no record of late payments, you will do ok.

If a there is something on your credit report with a 0 balance, should it be taken off?

No. Your credit report has everything, whether the account is paid off and closed, or just has a zero balance. It%26#039;s not bad, that%26#039;s supposed to be there.

Things will disappear from your credit report after 7 years, I think.

If a there is something on your credit report with a 0 balance, should it be taken off?

If it shows paid on time don%26#039;t worry, it actually helps your score to have older credit that was paid on time. One of your accounts must have been sold to another lender. This happens a lot with mortgages. I had one mortgage that was held by 4 different banks in 2 years. Also Bank of America bought Fleet Bank so all of their credit cards were %26quot;sold/transferred%26quot; to B of A.

If it is negative i.e. showing late payments then I would dispute the reporting.

Good Luck