The purpose of this letter is to make you aware of a recent change to our credit reporting policy.
Effective October 11, 2016:
We have updated our credit reporting practices. As a result of these updates we will stop credit reporting on accounts that are both:
- Paid in Full or Paid in Full for less than the full balance; and
- More than 2 years old based on time since the date of delinquency
Additionally, we will not start reporting on any new accounts if:
- Payments begin within 3 months of our mailing of our initial notice; and
- Payments are made each calendar month thereafter until the account is Paid in Full or Paid in Full for less than the full balance
Has anyone else done this? I did go to their site and its also showing. I owe about $ 1K total so I think i am going to go for it as it will delete all items it references now once paid.