Tuesday, May 11, 2010
I received a call this morning from a consumer querying why his bureau has not been updated to show he paid off his account. My advise to the caller was for him to send the Letter of Release he received from our office to the credit bureaus and have them update his record. The Letter of Release is an important and offical piece of document which shows that you have been released from a debt. The moment that document is handed to you it should be presented to the bureaus to have your credit profile updated. A lot of consumers though believes that the Letter of Release erases their credit history which is not so. What it does is updates your credit profile to show the account is not owing anymore.
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