how remove R9 rating from my credit in ontario canada

[ayesha]

Hello all so i just got an equifax report all i have is bell mobility $700 which gave me an R9. Problem is that i paid that bill years ago and closed account due to i was moving and had no need for a cell anymore. SO how can i get this off my credit report with no evidence i think the employing where i paid i believe square 1 must have just kept the money.Please help i need what to do to resolve this and improve my credit this is the only thing killing my credit.thanks

[TLG]

In time the R9 will disapear from the records , with all traces, however the time is 7 years

You could have it removed,, the only person who could remove it is the person who placed it there in the first place.
In your case, you need to contact Bell and ask them to remove it.

Depending on how important it is for you to have it removed, you may have to re-pay the 700$ ,, it is unreasonable
to believe that an agent pocketed the payment, but even so, it is you responsibility to show proof of payment.

[marcelect]

Credit bureau are above all democratic laws.Like the agent is the only one that can take it off is true.It happen to me with Hydro Quebec and I had to take them to small claim court,suing them for ruining my credit.The amont was $1500.00.I won then I went to Equifax and fix the bull****.Hydro's defense was that they are a big box and mistakes can happen!I say bull to that kind of excuse and that's what's going to happen with Bell and you if you go that way.They get away with everything and I think that is what people are calling for changes.If Bell or any so call big box do dammages to you by not paying what you would be entitled to,do you think you can ruin their credit?There are no credit bureaus for these enterprisres!

[TLG]

Happened to me years and years ago, I moved from Montreal to Toronto and I never paid my final hydro bill,,
in the amount of, about 70$ ... later on when applying for a car loan, it was discovered that I had an R9
Owing Hydro Quebec,, interest included, about 85$ .... According to the bank , I needed to settle with them
before they could release the loan. After calling Hydro Quebec and explaining that after having moved I had
Not received the final bill,, they had me pay the bill through the bank I was applying for the loan,, and they
cleared the R9 the same day.

That's why they have those R9 ratings,, sooner or later you'll go calling,, , for creditors R9 ratings are effective!

It is important to keep payment receipts for a minimum of 3 years,, you never know when you'll need them
Today with internet banking,, it is much easier to kept track of payments.

[BHill]

Happened to me years and years ago, I moved from Montreal to Toronto and I never paid my final hydro bill,,
in the amount of, about 70$ ... later on when applying for a car loan, it was discovered that I had an R9
Owing Hydro Quebec,, interest included, about 85$ .... According to the bank , I needed to settle with them
before they could release the loan. After calling Hydro Quebec and explaining that after having moved I had
Not received the final bill,, they had me pay the bill through the bank I was applying for the loan,, and they
cleared the R9 the same day.

That's why they have those R9 ratings,, sooner or later you'll go calling,, , for creditors R9 ratings are effective!

It is important to keep payment receipts for a minimum of 3 years,, you never know when you'll need them
Today with internet banking,, it is much easier to kept track of payments.

They actually recommend to keep all receipts and other financial records for a minimum of 7 yrs. You will find that out if you ever get a personal audit from revenue Canada.

Businesses is 10 yrs.

[TLG]

Regarding audits, the Feds don't look at the previous year, and they want 3 years records previous,, while they are
auditing if they find reason, they could ask for 3 more previous years and again if they find reason, they could go back to the beginning of time . The onus is always on the auditee to provide records .

[satchick]

Yep, it's a good practice to keep everything for 7 years in case you get audited, or to resolve a situation like this one. Getting a copy of your credit report once a year from all three bureaus is also a good idea. You don't want closed accounts or errors sitting on your report for years before you find them.

If you call Bell they should be able to see that the account is settled and closed and remove the R9.

[torpainter]

in the end only equifax can remove the r9

[marcelect]

I think it is removed after 7 years automaticaly, pAID OR NOT.unless you have a judgement against you.Some of those so called "agents"take real pleasure in srewing your life up!

[torpainter]

I think it is removed after 7 years automaticaly, pAID OR NOT.unless you have a judgement against you.Some of those so called "agents"take real pleasure in srewing your life up!
It is not automatic as compared to a bankruptcy which is

[poolguy.]

I had 3 defaulted credit card lines of credit, 1 Court Judgement, along with 2 other lines of credit <br />
and just hired a credit cleaning agency. <br />
Some of them are just plain awful and take your money....

[FTA]

i claimed bankruptcy ~5 years ago i still had r9's from before my bankruptcy which was resolved in judgment they will go away after 7 or so years they write it as a "bad debt write off" to be axact this is IF they cant find you ... i myself had 2 r9'son my credit history and was able to still get a mortgage simply because they happened before my bankruptcy all in all credit is BS and only pay cash !@

[satchick]

all in all credit is BS and only pay cash

Yes and no. Absolutely use cash for smaller purchases, but responsible use of credit can actually be better. For example, buying a car with 0% or close to 0% financing is a much better choice than paying cash, as your cash is still liquid and available for other investments. Even if you left the cash in a savings account you'd come out ahead than if you paid cash for the car.