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Does removing/correcting a credit account eliminate the debt?

April 26, 2017account correcting credit debt Eliminate removing

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Does removing/correcting a credit account eliminate the debt?

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No. Removing/correcting a credit item on your credit report does not impact a debt. It is common for debts to be reported incorrectly by the holder and subsequently removed through credit correction. It is also common for debts to be wrongfully or mistakenly reported and then removed through credit correction.