If you are a guarantor on the loan, even if the loan is to the LLC, usually, language in the note says something like they MAY report your performance to the bureaus.

Maybe its a scam by the major credit bureaus to make money each and every time a credit report is pulled.

I called up Macy's and they are taking it off my credit history and submitting it back to the credit bureaus.

It seems like I've heard of that being possible maybe through the credit bureaus or something.DanielKansas

The law was changing alot and the Bureaus would give me the run around but I stayed consistent and persistent to they finally realized I was not going anywhere.

(No break to investors.) http://www.whitehouse.gov/news/releases/2007/12/20071220-6.html The derog will be reported to the bureaus as Score Factor Code #22--"serious delinquency, derogatory public record or collection."

I've heard of getting late payment lists from the credit bureaus.

Since I didn't, you simply get rid of me and you're free to do as you wish with the property.My credit is highly unlikely to be negatively affected because you're not an institutional lender and you don't report to the credit bureaus.

I'm no fan of deficits, bailouts, or bloated Federal bureaus-- but...the raw dollar number can be misleading.

The three credit bureaus make their money by selling credit scores, not by removing items off your report.