Saturday, October 24, 2009

How to change the address in my credit report?

I saw an out-dated address listed as my most current address in my credit report. How do I correct that to update it as the most current address?

How to change the address in my credit report?
If you ran your credit report through Trans Union, There should be a reference # on the top right hand side. Call their customer service # toll free @ 1-800-916-8800 then put in the reference #, that will transfer you to a live person.
Reply:One thing to be aware of... if you have a Positive OLD tradeline associated with this address and you dispute as out of date with the CRA it may also delete that positive TL.
Reply:Contact your credit card issuer and officially inform them of your change of address, depending on how the company operates you may be required to submit valid documents to verify your new address, I had to do this some months ago, and it went through without any hassle
Reply:The simple approach would be to do it through a bank where you have an account, (checking or savings) or a credit card, they periodically report the bureaus of all your updates, provided that the bank has your updated address, otherwise you can make the correction directly with the bureau, they provide a paper you can fill out something like "Consumer update form" and you can fax or mail that in and the updates should be made, do provided 2-3 valid id's, photocopied clearly. and that's pretty much it.





=] hope this helps

floral shops

Is it true that bad credit report remarks never fall off your credit report and that it is a myth?

If that is true that means saying the report will fall off 7yrs after is false. Why is the Fair Credit Act have that disclosure about the 7yr policy, doesn't make any sense. I thought regardless if anything is paid off or not everything by law will be removed from your credit report upon completion of the 7yr mark. Anyone know anything?




Is it true that bad credit report remarks never fall off your credit report and that it is a myth?
that totally depends on the reason for the bad mark. A bankruptcy will take 7 years to be discharged. A 30,60,90 day late payment may last up to 4 years. If a jusgement has takenplace (store takes you to court, repo on car) can run a lengthy time as well. You best bet- if you admit to paying a bill late and are marked for it- once the matter is brought current-contact the "lender" and ask for a letter stateing the matter is resolved and all accounts are current, paid off, etc. Have with you in the time of application for mortage,college loan, car loan etc. Do not volunteer the ifno of late/bad marking- but have the letter with you- and if/when it is brought to your attention- you will then have the letter to show proof of update.





Also you can find some advice here...





http://creditreport.fateback.com





Good luck.



Reply:bad credit that has resolved= you paid it off, should fall off after 7 years. negative marks on your credit due to not paying a bill you received 8 years ago may still be on there. however, due to the statute of limitations which varies by state, you are no longer responsible for the debt. because companies of course want to collect on whatever they can, it is sometimes your own responsibility to contact the collection agencies and have debt that has passed the state of limitations removed.


Once you receive the credit report, how do you get the creditors in court to dispute with them?

To take someone on your credit report reporting it as negative , to start, once you receive the credit report, how do you get the creditors in court to dispute with them? Do you take them to small claims court or where do you have court? What if they're out of state?

Once you receive the credit report, how do you get the creditors in court to dispute with them?
Good luck.
Reply:Ideally you should dispute directly with the credit bureaus....Yet, if they are refusing to remove inaccurate information from your credit files, you should threaten to take legal action under the Fair Credit Reporting Act.....
Reply:You don't, you file a dispute, in writing, with the credit bureau. They will investigate and the creditor will either validate the debt with proof or it will come off your record. If the debt has been defaulted for 7 years they have no choice but to remove it.
Reply:You never see them it's all done outside of court there is no court just some people with pens, paper and some authority that will read your dispute and will send you a decision in 1-4 months.
Reply:Adding to Luke's response...When you file your dispute, provide copies of all proof you have. Highlight the name of the company, the account number, amount paid, everything that seems important to you (if the company goes by a different name now, include that in your report, Ex: HBC used to be Zellers, Canada Trust used to be TD, ect...credit agencies don't always pick up on those things).





We went through this last year, 6 companies never updated my husbands file after we paid them off and they were showing as delinquent. We had to remind them what the creditors used to go by and point out that the account numbers were the same. We even had one who reported they couldn't find us to collect, to which we responded with the proof it was paid and a statement from them at our address, proving they knew exactly where we were.





Credit agencies corrected the file within a week. They didn't even let the creditors try to contest.


How do I go about finding out what my credit score is and how do I get my credit report (online)?

I'd like to be able to find out what my credit score is and also would like to receive a copy of my credit report. Where can I do this?

How do I go about finding out what my credit score is and how do I get my credit report (online)?
Now by law each credit agency is supposed to supply you with a free credit report and you can use the agency of your choosing to get your credit score. You can have you copies email to you or mailed to you.
Reply:I go to myfico.com. You can get all three reports and your FICO score (which you don't get for free) for about $47.00, and they even help you dispute erroneous information. You can get one free credit report per year, but you end up paying about the same for just a FICO score, so I personally prefer doing it that way. And myfico usually will knock 10% off for returning customers.
Reply:Credit report and credit score are different things. Credit reports may contain detail information of your history but the score is just number.





Usually you can get from freecreditreport.com or myfico.com (which is better I think). They are not free but you can get it free if you cancel within first month. Most credit card companies also have that service but I usually avoid CC companies. You can also buy directly from any of three credit bureaus (Experian®, TransUnion and Equifax) .





Usually if you talk about credit score, it is FICO score (300 - 850) but note that some credit bureaus have their own score. Equifax sells FICO score about $15. I don't know other two.





For report, visit annualcreditreport.com . Check your state 'cuz in some state, you can get more reports per year.
Reply:I found interesting information about your answer Here:


debt consolidation loans:


http://all-debt-consolidation-loan.blogs...


credit cards:


http://all-debt-consolidation-loan.blogs...


Good Luck!
Reply:http://www.freecreditreport.com/





its free, just put in your email
Reply:IMHO, knowing what's in your credit report is far more important than knowing your credit score. A score is merely a snapshot, if you will, of the motion picture of your credit.





Use annualcreditreport.com to get your credit report from all 3 credit bureaus, free of charge, once every 12 months.





Use myfico.com to get your true FICO score. Virtually all other scores are FAKOs (not real). They aren't useless, just not real.





To monitor your credit, use a 3 in 1 service. I prefer TrueCredit. It's the cheapest one I've found. $11.21 a month (if you use the Walmart link below), and you can get a new report once every 24 hours from all 3 credit bureaus.


https://www.truecredit.com/products/opti...
Reply:annual credit report is the only website that allows you to get your credit reports free with no strings attached such as signing up for products or services. It is a website endorsed but the government where you can obtain you report from all three of the major credit agencies.
Reply:www.anualcreditreport.com
Reply:SPEAK TO THE HAND COS THE FACE DON'T WANNA KNOW SISTER!


How do I remove a chargeoff from my credit report I cosigned on the loan?

I cosigned on a loan for my brother's son. I just found out the he defaulted the loan and its now showing on my credit report I was never contacted by the finance company regarding the matter is there way I can have it removed from my report? My brother has made arrangements to pay them. Any suggestions?

How do I remove a chargeoff from my credit report I cosigned on the loan?
Charge-offs can stay on your report for up to 7.5 years....paid or unpaid... You might be able to negotiate a Pay for Delete agreement...where the creditor/collection agency agrees to remove the charge-off after you paid the agreed to amount...You have to pay very close to the full amount to be able to do this....Be sure to get all terms in writing first prior to giving them money....Never,ever accept verbal promises over the phone that can't be proven....
Reply:If you co-signed the loan and the loan is in default, there is nothing you can do, short of bringing the loan current, to remove the charge-off from your credit report.





Once the loan is paid-off, then it will be reported as paid, but it will still (probably) be reported as being a delinquent account.
Reply:This is the risk you take when you co-sign a loan for someone. You will not be able to get it off of your credit report so long as they can prove you co-signed for it. If it is in charge-off status then a collection agency likely has it.Find them and tell them you will do a pay for delete. You MUST get this in writting. This is the only way I have ever seen a charge-off fall off somebodies credit report. The only other way is with time which is 7-8 years. Good luck!


Can you have inquires removed from your credit report?

I was wondering if you can have inquires removed from your credit report. I recieved a copy of mine and my husband's credit report and there have been 75 inquires in the last 360 days. I know that too many affect your credit score.

Can you have inquires removed from your credit report?
Legally, if an inquiry was not for a 'permissible purpose', you have the right to get them removed. Of course, you need to know what is a 'permissible purpose'. Read more about it at creditboards: http://www.creditboards.com/mambo/index.... (As mentioned in the page I linked, sometimes even though not required to do so, some creditors will remove them if you ask nicely.)





Are these hard inquries (initiated by creditors) visible to creditors or soft inquiries (initiaged by you) not visible to creditors? If soft, let them be.
Reply:You can get your credit report flagged to limit inquiries.
Reply:You can dispute items that you believe you did not authorize. Listed below is a link which has a sample letter to send to the companies to dispute inquiries.
Reply:Are you seeing "Hard" Inquires that is ones that you requested? If so these will be on there for 2 years before they can drop off, but as far as Credit Scoring they ignore anything over 1 year.





If these are "Soft" Inquires they have no effect on your credit score, and lenders don't even see these anyways. These soft inquires are most likely Pre-Screened offers for credit that you can opt out by going to the site below. This is the one run by the credit agencies.





If the inquires are "Hard" inquires and you did not initiate them you can dispute it with the credit agencies. However, I would also look real close at your report and make sure someone is not trying to open up credit in your name. If you did initiate these you need to stop applying for credit, generally 1 or 2 won't hurt every couple of months but an average of 6 a month is hurting your score.
Reply:"The credit bureaus can also make mistakes. They store the ratings of many people and are they too can make mistakes. They can enter wrong details about you. So check!





Ask for a copy from the bureau contacted. Read the information completely and note down any errors. It is bureau’s duty to have a look into matter, report the facts and send the corrected details to the lenders who have turned down your request for credit.





Improving your financial habits will help you repair your credit report. Every time you apply for the credit, your lender will check your report with the bureau before allocating fresh credit to you."


How do you remove a paid tax lien from ones credit report?

I would like to remove a paid state tax lien from my credit report. Besides going to a credit repair agency what else can I do to get it removed. I am in the process of refinancing my house and it is hurting my score. Any help I can get would be appreciated. thanks.

How do you remove a paid tax lien from ones credit report?
only them will get it removed -- like any other bad mark they stay around for 7 years!!!
Reply:You can't remove correct items from your credit report. If the item is false, or is improperly being reported as being still past due, then you can write a letter to each of the credit agencies asking them to verify the item or remove it. You should send the letter by certified mail so you have proof that they received it.





If your credit reports are correctly showing the lien then there is no legal way to remove it from your report. You cannot remove correct info from your credit report even if the account has been settled. Think of your credit report as a history book on your payment history. You did the right thing to get the account current but the fact is that it was still past-due at one time.
Reply:For tax liens, there isn't much you can do but wait until the credit agency removes it. You can update it to ensure that the balance is correct. After the required # of years, the item can then be removed. The credit repair agencies only harrass the credit reporting agencies with bogus letters saying that the item isn't correct. The reporting agencies want proof and you just end up paying for the harrassing letters that didn't do any good. DON'T WASTE YOUR TIME AND MONEY
Reply:A credit repair agency will not help you at all. If you have documentation that the lien is paid and released, send it to the credit bureaus.
Reply:Tax liens can legally stay on your credit file for up to 10 years even if they have been paid. You can try to get it removed by contacting the CRA or the agency holding the lien BUT it might not work.
Reply:Please see link for the answer to your question.





This is why you have to handle this matter way before it becomes a lien.

tanning

How can I remove negative information from credit report?

I opened a credit card account through my old employer (Circuit City) in 2001 when I was 17. I made payments on time until 2002 when I joined the Armed Forces and was unable to pay on my account due to not having the account information available at the time. Consequently, it was keyed negative on my credit report and by the time I was done with Basic Training it went to collections. The collection agency was sending bills to collect the debt back home. When I had the chance to receive the letters, I called the collection agency and made an arrangement to pay the debt. The credit bureau then marked it as a charge off; paid in full on my credit report. After a few years I tried disputing this hoping to get it removed, but the bank denied the request. So I've been suffering since and now its 2007. I guess I supposed to wait until 2009. My questions are, can I get this removed and when it is removed will my credit score rise? When inquiries disappear from my credit report, will it rise?

How can I remove negative information from credit report?
you can dispute all erroneous items online with the 3major bureaus. it's very easy..and you can see results within 1-2months. there is a section that you can indicate you were in the armed forces with transunion. make sure you are disputingg with the agencies not with the bank. sometimes it takes a while to do it. you can also remove those inquiries...and dont have to wait for 2yrs.
Reply:dispute them, you can go to experian.com equifax.com and transunion.com and dispute the accounts or you can mail a handwritten letter with a copy of your drivers licence and social sec card to the 3 companies. you can also check out www.myfico.com for any questions you have
Reply:Sorry, but only information that is not correct can be removed from your credit report.





Derogatory information stays on your report for 7-years from the date of first delinquency.





Look at it this way, a paid collection looks a whole lot better then a unpaid one.





And yes when these things drop of your report your score will increase.


Do I get credit report if my mother co signs for me to have credit card?

I am 17 and starting an online business so I have to have a credit card. My mom has agreed to co-sign for me to get a card, but I don't know if the card will affect her credit or will it start building me a credit report. Also I was wondering if you have any suggestions for the card I should get. I plan to pay off the card at the end of every month and I would like a card that has no annual fees.


Thanks for any advice.

Do I get credit report if my mother co signs for me to have credit card?
there is a free site than can help you up your credit score, http://www.cellsware.info/restorecredit . they pulled up my score about 50 points in two weeks and they helped out a lot!
Reply:A co-signer is just as obligated to the debt as the principal signer is. So yes, it will affect her credit as well as yours if you do this- however with you being under 18 they may not allow you to be principal- they may only allow you as an "authorized user" which will appear on your credit but does not help (any more) with credit scores.
Reply:You BOTH will be affected.





If you screw up, she will have to pay it or her credit rating will be damaged.





If you do well, and make the payments on time, you will both have an improved credit rating from it.





Can't help you on which card, but read the terms very carefully. Those "no-fee" cards often have some strange terms.
Reply:The account will reflect on both of you, good or bad.





This site says they can help you compare different cards to see which is best for you.





http://www.creditcards.com/





Good luck with your new business.
Reply:If you spend lots of money on a card, and don't pay it back, it will affect your mom's credit.


What is a landlord allowed to look at on my credit report?

I'm in washington, I want to know what a potential landlord is allowed to look at on my credit report? Are they allowed to look at everything?

What is a landlord allowed to look at on my credit report?
When you sign a lease application you are giving the leasing agent/landlord/management co. full access to not only your credit report but also court records of evictions/judgements from prior rentals. Many will just look at your FICO or a summarized credit report but if your numbers are borderline they will probably go further to see how old the negative information is, if there has been improvement, etc. Your signature on that app. makes your financial history an open book.
Reply:CharlieP is wrong. Go to Landlord %26amp; Tenants web page. Report Abuse

Reply:Sure. there's no way to pull your credit and look at only part of it. They'll see your personal info (address, name, birthdate), all accounts open in the last 7 years (including payment history and balances) and inquiries.


What words should I use to dispute incorrect reporting date, balance or credit limits on my credit report?

Should I aim to get it completely deleted by stating it's not mine? If not, how specific do I need to be with what is incorrect within a credit report listing?

What words should I use to dispute incorrect reporting date, balance or credit limits on my credit report?
The wording doesn't really matter, just state the reason.





"This debt has an incorrect reporting date..."


"This debt has an incorrect balance..."


"This is not my debt..."





If you have any proof, submit it.


If you file too many disputes on one report, the credit bureau may consider it a frivilous report and treat it as such. But if you submit it with evidence proving the are truely errors, they must investigate it.
Reply:You don't need any special words. Contact the credit bureaus (you can find out each one's contact info online).





If it's not yours, then prove it and it will be removed.





If it is yours, and info is wrong, then all you can do is get the wrong parts corrected.





Reporting date is by credit vendor, and differs from one to the other - but it will be the same time each month for any one.





You can get balances and payments corrected - but remember that there is a 30 day lag in the reports - your balance shown this month is the statement ending balance from last month. Everyone knows this, and it's not a "correctable" item.

floral

How long does it take to get something off my credit report that I alread paid?

I'm going for a Home Loan and have a low score and 3 things on my credit report were paid already.

How long does it take to get something off my credit report that I alread paid?
First, I need to correct SciFiDiva's answer.





The issue of the 180 day's was addressed by the Federal Trade Commission and was published as an opinion (see http://www.ftc.gov/os/statutes/fcra/john...





Section 623(a)(5) requires a creditor that reports a chargeoff to a CRA to notify the agency (within 90 days of reporting the account) of "the month and year of the commencement of the delinquency that immediately preceded" the chargeoff. Section 605(a)(4) provides that the credit bureau may report the chargeoff for seven years. Section 605(c)(1) provides that seven year period begins 180 days from that date.





Therefore, there is a conflict within the FCRA law that has differant interpretations. The Commission has ruled that the 180 days does not apply.





Therefore, the reporting period for credit reports is 7 years, beginning form the day of the delinquency.





Now, to answer this quesiton....





Unless the creditor previously agreed to remove the negative information from your report, there will still be negative information on your credit. Just posting "paid" on the account does not remove late fee or collections information.





Now that they have your money, it's not likely they will work with you in fixing your credit.
Reply:3-5 years for a default account that has been paid


it will be listed on there for that long , but will show up as paid.


if it is paid and shows up as active you will need to provide proof to the agency of have the owed party call in the zero balance
Reply:Actually, it is 7 years PLUS 180 days, starting on the DATE OF FIRST DELINQUENCY that immediately preceded placement for collections and/or charge off.
Reply:If you ever got behind on a payment or bill,and even if you pay it off,it dose not fall off of your credit report.Once the lender that you paid reports it paid,it will show as paid.vwjcook@yahoo.com
Reply:7 years from your last activity. So, if you had bad credit, and in the 6th year you thought you were being a good person and paying it off, you get bad credit for another 7 years.
Reply:Why is my paid collection still showing on my credit file?


When I pay off a collection, the entry should show up as paid. BUT, the entry will remain on my credit file for 7 - 10 years unless the entity that had collection filed, agrees to let the collection company delete the information due to discrepancies. Collections show up as collections EVEN after I pay in full. Updated collections show paid and still hurt my score. FTC laws say accurate information can not be changed. Inaccurate information can be an opinion, not a fact in cases such as merged, fraud, duplicate, re dated and the like. Report these to the FTC and BBB





How do I get a paid collections account removed completely?


Wait for 7 - 10 years, or try to contact the entity that had you turned over to collections, "PAY THEM" and ask them to prompt the collection agency to remove the entry due to inaccuracy. If I cannot find the record myself by calling, then, chances are Experian Transunion and Equifax can't either. Print a universal credit report dispute form and send it to an appropriate bureau.





What am I trying to get from the creditor when I ask them to remove a file?


I try as hard as I can to get a letter saying account is paid in full, paid on time and in good standing. I use this letter to follow up on the creditors’ decision to remove inaccurate and error riddled credit reports. Many collections are improperly reported or a consumer will not been properly informed collection processes have be allocated. With late payments I look for dated checks to support my "paid on time" claim or merged, fraud, duplicate or re dated files. Report these to the FTC and BBB


Improve credit score ratings with a Bad credit self help credit improvement tips by Bo Majors.








Will my credit score go up if I pay a collection account?


Generally no or not very much. The account will still show as a negative credit item for up to 7 years, this is why it is important to pay and ask for, forgiveness in a humble but persistent manner asking for management if need be. A score will go up based on 0 balance on the account and if 2 years pass. My score will not increase much.





When disputing a merged, fraud, duplicate, re dated record.


I send as much information on me and my spouse as possible. This ensures the bureau makes no mistakes. There is a free form above and on all my pages. Look for Free universal Dispute form.





Use mail as the FTC suggests in the above online laws. Keep originals for safety in future endeavors. Remember once an item has been found to be inaccurate it can never be put back on my credit, so keep a copy of removals for safety. that way we all stay sane.





UP


Do I have to contact all three agencies for disputes?


Most creditors report to only one or two bureaus so it is only necessary to contact those. But if, I don't know which one reported to, I dispute at all three. If I know which bureau the bad mark is on then by all means only dispute that one as it may confuse the other bureaus or creditors and cause errors. If I read the FTC laws, I notice removals can never be put on my credit again. I get a letter for safety and bureaus have to report removal to the other the 2 others by law and remove them also. Keeps originals! Back tract everything with something in writing.








How much will my beacon credit score increase for paying off credit cards.


Your score can increase as much as 80 points if these credit cards have been paid on time and are above the 80% against high credit limits. Paying off credit cards that are not maxed out so to say or have only small balances or have been over 30 days late several times will probably not help you out so much. You might even benefit more to keep the balances low and pay them well for 12-24 months








If I pay off credit and loans will it come off my credit report?


All credit is reported for at least 7 years unless it is a disputed error and the creditor is at fault.





I want my Credit changed NOW so I can get a Loan NOW! What can I do?


Not much. Changing incorrect credit can be a long process leading to tedious, frustration and payments I owe. Most credit changes take at least a year or 2 if I can make one. I can speed with luck hard work and on time payment. I overnight mail my disputes and get an answer within 14-40 days. Sometimes a phone number will come with my results allowing me to talk to a REAL PERSON at a bureau.








How can some people with a bankruptcy get a loan and I can't?


Sometimes a bankruptcy is better than bad credit. One way is a Chapter 7 BK erases all dept and stipulates I cannot file again for 7 years. Since I have no outstanding dept and cannot re-file, many banks view this as a "good risk". Many times after a "7," I will need to re-establish some small credit items. Plus, a factor with any loan is job, job time, and amount earned. If I make 3500 a month, been on the job 5 years and owe nothing, I can see how attractive this may be to a bank.





How long do credit files stay on my record? How long does your credit report reflect your bad credit.


7 years for bad credit, late payments, collections, charge off's. Lawsuits and judgments 10 years or until the statute of limitations runs out in the state. 3 years for inquiries. Diminished effect on my credit score takes place at 2 years out. Good or bad! If you have not used credit in 2 years you score will be gone. Must have used credit within the last 2 years.





When does the 7 year thing start?


From the date of last activity stated on the account. Not from when I open the account.





How long do inquiries stay on my credit report?


Usually three years. 1 year diminished effect. More than 25-30 can lower my score but not by 50 points. 20-25 points max I would guess. No one knows exactly. Even the bureaus don't give exact data about this issue on the net or anywhere else for that matter.





How many points do inquiries count against my beacon score?


I've (Bo Majors) heard inquiries can count as much as 6 points for one "hard credit hit". AND means 6 points will carry up to 4-6 hits as long as they appear to be related to the purchase of a single item and, all the hits represent the same item. Like when I go to a car dealer and shotgun my application to 4 banks trying to get a low rate or just plain approved. Most credit reports will show 10-20 inquiries and this should be considered an average, not to worry myself about much, number. BUT. I can dispute these files and there is a possibility to raise my beacon score by doing so.





Will checking my credit report online count as an inquiry on my credit report? credit check lower my score?


No. Inquiries only show up for "hard credit hits" when a creditor checks my credit worthiness in order to loan me monies. If I use the internet I will not get an inquiry placed on my report.





Who are the 3 credit bureaus that keep my credit report and how do I contact them?


Trans Union


P.O. Box 1000


Chester, PA 19022


1-800-888-4213





Equifax


P.O. Box 740241


Atlanta, GA 30374-0241


1-800-997-2493





Experian


P.O. Box 2104


Allen, TX 75013-2104


1-888-397-3742





Dispute credit by certified mail to help keep anxiety and frustration to a minimum. Keep copies, wait 40 days, if no reply, do it again.





Negotiate with your creditors.


The first step to successful credit improvement is to negotiate with the people you owe money to. It is sometimes possible to have negative items removed from your credit report by negotiating with your creditors.





If you see an account on your credit report reported as a charge off then, this will mean that the creditor involved has had to zero the amount concerned in their books. It is no longer considered an asset in the companies’ books, usually after six months of no payments made to the account.





This does not mean that you don't have to pay. They report it as a charge off on your credit report. This will seriously harm your credit worthiness. The creditor may assign a collection agency to the case, so never consider a charge off as a debt that you don't have to pay.





The first step is to contact the original creditor rather than the collection agency if possible. Try to negotiate a repayment plan with them but be sure when doing this that it is an amount that you can afford and intend to pay. Defaulting on the arrangement will only result in further damaging negatives on your credit report.





It may be possible to get them to remove the charge off from your report and replace it with "paid as agreed" and on time" by offering to pay a certain amount per month. Again, always negotiate by mail and keep copies of everything you send.





The creditor will want their money back and may agree to remove the negative from your report in exchange for regular payments. Not all will be willing to do this but do try to negotiate before making any payments and get the agreement in writing prior to making your first payment.





If you can't get them to agree to remove the charge off and report it as paid as agreed, then try for account closed, paid, or settled. You could always try to get them to drop the interest too in exchange for a lump sum as first payment.





All creditors will report a charge off as a matter of course and to them it is a black and white business step to take. They are not doing this to deliberately put a slur on your record so don't take it personally. Develop a business attitude when dealing with your creditors and don't try to use moral high ground as a case.





Negotiate, keep records and copies of mail you send out and be business like. Once you make any payment no matter how small you will lose your bargaining tool. Remember that once you get in touch with an original creditor or collection agency in an attempt to bargain, you are saying in effect,? hey! Here I am, I have money, I am willing to make payments?.





Don't forget that they can still take you to court for the retrieval of funds owing and you will be liable for costs on top. Don't push your luck too far when attempting to make a deal.





Credit Repair by the law below.


http://www.ftc.gov/bcp/online/pubs/credi...


FTC: How to dispute credit errors by the law below.


http://www.ftc.gov/bcp/online/pubs/credi...


The first thing to do is to read what the government says about credit repair t and read my tips below. the FTC has 2 important pages that rank high as they are laws.


The above mentioned element might help overwhelmed people who deserve protection from errors. Name and report them to the FTC, your governor, representative and local police.


How long does it take for a negative mark on your credit report to drop off?

I had a great credit score until there was a mix up with a cable service that I cancelled but still billed for. I now have (2) derogatory items on my report. I am in the process of disputing this issue with the billing company and the (3) credit bureaus. I am just curious as to the "worst case" scenario. If the dispute does not go my way and I do indeed need to pay this bill, then the negative marks on my report will stay. How long before they would fall off the report?

How long does it take for a negative mark on your credit report to drop off?
Collections show on your credit for 7-years weather you pay them on not.
Reply:7 long years...maybe you can negotiate a deletion if you do get it in writting.
Reply:You are entitled to one free credit report from each of the three major reporting agencies each year. They will show the drop-off date (7-year decay) for all items.





Here's a link to get one of them online (all 3 will basically show the same things):
Reply:It is 7 years but 10 if its is bankrupcy.
Reply:hey there it is seven (7) years.





however, that is from the date when payyments are started to be made regularily. if your good for a few months and then skip for a few your 7 starts over again





try and consolidate your debts and get rid of as many credit cards and store cards as possible





good luck
Reply:This question gets asked at lease every 3-4 days.....at least most of the people answered this right for a change.





serendipity, of course, has to ruin a good record! Another responder who doesn't have a clue and won't research their answers first.





Negative items stay on your credit report for 7 years, beginning from the date of the delinquency. They do not restart after you make a payment.





What you can do is negotiate with the collection agency....in exchange for paying this debt make them delete this entry from your credit reports.
Reply:♥ Its good that you are disputing this because it needs to come off your report if its not correct. However if they find that you do need to pay %26amp; that it stays on your report then it stays there for a total of 7 years... Good Luck!
Reply:i think its 7 years, God I hope im wrong. GOOD LUCK TO YOU!
Reply:Probably seven years. Note that recent activity is weighted more that ancient activity, so a problem years age won't affect your score much, even if the information is still on the report.
Reply:Negative information will remain on there for 7 years from the date of the item.





Since this is a Cable bill the chances are that it is just the collection account that is on your report. So if your dispute does not go through you may have to pay it. But before you pay it you need to have an agreement from them in writing that they will remove the item from your report once you pay it in full.


How long does it take for loan payoff to show on my credit report?

I just payed off one of my loans, How long will it take before it will show up on my credit report as paid in full?

How long does it take for loan payoff to show on my credit report?
Creditors report to the bureaus once per month. Normally at the end of each month. Once a loan is paid off, within thirty days it should be reported to the bureaus. However, I'd give 60 - 90 days to actually reflect through Transunion, Experian, Equifax.
Reply:The realistic time frame for you ranges from 30 days to 90 days. In some cases, paying off your loan can take a bit longer than 90 days, though it is not supposed to. A good rule of thumb an a car loan pay-off is 45 days. You credit score on all three credit reports will reflect the loan payoff eventually, though Experian might come in at 30 days and TransUnion at 45 days. Might be a good idea to sign up for the three-in-one credit report when your loan is paid off.
Reply:Depends on when the creditor regularly reports to the credit bureau. In general, it should show as paid in full the very next reporting cycle. How often and when a creditor reports varies though.
Reply:It usually take a 6 to 8 weeks. But it is also depends on how fast that dealer ship or lender to report to CB/ Federal Credit Agencies. If you need to write a letter and ask them to report it.





Good Luck!


QL
Reply: 60 days as a minimum!!!


How to get something that has been paid off my credit report?

I had a judgement on my credit that was paid about a month and a half ago. I have papers from the local courts stating that it was satisfied. How do I get my credit report to show the same.

How to get something that has been paid off my credit report?
There are 3 different reporting agencies, Experian, Equifax and TransUnion. You need to determine if this is showing on just one or all three. Then, you can dispute the error individually at each one by writing them a letter and sending them a copy of the judgment satisfaction OR writing to the courthouse in the municipality that the judgment was filed with a copy of the satisfaction and ask them to fix it directly. This is probably the faster way. Good luck.
Reply:I would contact the company or agency to which you owed the debt and get them to fix it asap. As the other responder reported in all likely hood the reported item should be changed to a "paid status" or "settled in full" depending on how the debt was resolved.





Sometimes you can run into hurdles which can make it difficult to fix items on your credit report, there are a few companies out there that can help you with this, A good start for more information on this can be found below
Reply:The judgment won't be removed but should be updated to paid status. Sometimes it takes 60 days for updates.





You could try sending the credit bureaus a copy of the court papers showing the paid status.
Reply:You need to call the credit reporting agency. For example if it is Equifax stating this, you call them and they will correct it.

purchase flowers

Is it possible to have collection accounts erased from your credit report?

I want to pay off several credit card collections accounts. I want to handle them myself and not utilize a debt consolidation program because I've heard that a "settle" on your credit report still looks bad. How would I go about paying the accounts off AND having them removed? Also, do I have to pay the accounts in full to have the collections removed or can I just pay a high percentage of what is due. ( like 80% )


If the collection agency is willing to remove the collection from your account, will it look like I don't have credit at all? I have one credit card that I am keeping open, but the others are closed already.


Any ideas anyone? I plan on being debt free by January. :)

Is it possible to have collection accounts erased from your credit report?
The collections can be removed but ONLY if the creditor agrees to this. You will need to get this in writing from them in case they do not remove the collection after you pay , you can submit the letter to the credit bureau to get the item removed. You want these items removed from your credit because even though it is a paid collection it would still look better if the collection never existed at all. Then you need to use the credit card you have opened and establish a payment history with them each month to help establish your score. Good luck.
Reply:Even if you pay them off, they'll still show up on your report for up to seven years. I'm almost certain of this. You should really check out Suze Orman's website-- she's got a LOT of really helpful info on credit, debt, collections, etc. Her website is www.suzeorman.com. Another good place to research debt and collections is msn's money page-- there's a link to in right on their home page. Good luck!
Reply:It is not common at all; I recommend you settle them then have them removed. Furthermore, I recommend credit repair unless you have lots of time and a high tolerance for aggravation. Some things are better left to the professionals. Usually companies charge hundreds of dollars to simply pull your credit and send correctly worded dispute letters—this is the key…..people will tell you that you can do this yourself for free but the truth of the matter is that the credit bureaus will throw your letters away or simply reject them. There is an easy to use online kit that will deliver the results you want available for just $19.95 at the source website. A similar kit is being sold via infomercials and radio talk shows for seventy dollars more but they try to solicit you repeatedly for other services after the fact.


How long does a public record stay on your credit report once it has been paid?

Thanks to credit monitoring, I discovered that a law firm was issued a judgement against me for a payment that I made 5 years ago. The judgement was for $1350 and was awarded to the plaintiff on 10/25/2006. I just found out about this on December 12, 2006 because my credit monitoring service alerted me to it. The law firm and courts have been sending correspondence to an address that I have not lived at for three years, thus I had no way of knowing this was taking place. Given that I don't have the receipts (I lost them in one of my relocations), i felt it was best to settle the case with the firm. The settlement came to $900 and I agreed to pay it as part of a payment plan. How long will this stay on my credit report once it has been satisfied?

How long does a public record stay on your credit report once it has been paid?
Unfortunately you settled. If the judgement was issued 5 years ago and the last entry on your credit report was that long ago, you could have possibly waited 1 year for it to roll off. If the last entry was in 2006, it was best. It is dependent upn what state you live in. Go to http://www.creditinfocenter.com/rebuild/... This gives you some more insight on how long it will stay on your report.
Reply:Judgements will stay on your credit for 10yrs even after it's been paid. It used to be 7yrs. Most lenders will overlook and not penalize you for a judgement that has been paid for at least 24 months.





Hope this helps. Good luck!
Reply:A legal judgment will stay on your credit report for at least 7 1/2 years, possibly longer.





You should have negotiated a entry on your credit report when you settled, like "paid in full" or "paid as agreed".





Since the judgment was not valid since they did not get personal service on you, send a letter to the credit bureaus explaining what happened and have them attach it to your records.


How can I remove negative marks from my credit report?

I need advice on how to remove negative marks off of my report. Right now all of the negative marks that appear on my report are at least 5-almost 7 years old and all but one has been paid after they were sent to collections. I currently am in good standing with the current credit that I do have (1 leased car and 5 credit cards). The negative marks on my report are all from when I was younger and did not understand the effects of not paying debt. I constatently monitor my report, and for some reason, I can not boast my score up from a 592. A few months ago I was actually at a 650 or so but I had a judgement posted from a medical bill I did not pay from when I was 19. I may need to speak with a professional as eventually I would like to buy a home and do not want to have an outrageous interest rate because of my past.


Please help

How can I remove negative marks from my credit report?
This is for Australia, I'm not sure where you are from.





If you have credit defaults and you do not pay them they are there for life, just because you say you were young and stupid is not a good enough excuse.


however, if you get a credit default and you do pay it in six years time it will be erased from your rating.





PAY YOUR BILLS and also pay your debts or it will never ever be erased and no one will give you a loan or you will have to jump through alot of hoops to get one.


Does your credit report update the same day a company reports?

I negotiated a pay to delete with a collection company. They told me the date that they will report. Will it drop from my credit report that day or will it take time from the date that they tell the bureaus to delete it?

Does your credit report update the same day a company reports?
It depends on how they report. If it is with the monthly update (likely) it will take about 10-30 days from when they submit.





If they update using e-Oscar (basically for 1 account at a time) then it is within 24 hours.





I assume you got the pay for delete in writing, if so, I would send proof of the agreement and proof of payment to the credit bureau, that can speed up the process a little.
Reply:I doubt if it's the same day...I'd expect 30 days would be the time frame for updating your credit files. Remember that each of the 3 credit bureaus are independent companies...so expect varied results.....You get a gold star for doing the Pay for Delete...

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If I already have a copy of my credit report from credit bureaus where do I get their contact info?

I need to disupute incorrect info on my credit report but the toll free # listed want me to buy another credit report. How can I not purchase another report and file a dispute?




If I already have a copy of my credit report from credit bureaus where do I get their contact info?
In order to get your lines improved or worked on you MUST request it in writing. On the CR there are addresses to the repository. Send each one a letter with receipts and proof of payments on each line you want to dispute. They have 20 days to reply, and 30 days to act. It is better if you have legal representation by those whose only job is to work on credit.





I've found some helpful info here too:





http://credit-report-free.totalh.com





Good luck.



Reply:transunion.com


equifax.com


experian.com





Go to their websites for addresses and phone numbers





If you purchased a report, you went to the wrong site. For a free report go to annualcreditreport.com


How do I go about getting old stuff removed from credit report?

Where do I start and how do I go about getting old stuff ( over 7 years ) removed from my credit report? I disputed it with the Trans UNion, Equifax and Experian but they claimed they verfied them and said they were due to come off back in Decemember of 07 but they are still there... How do I get them off?

How do I go about getting old stuff removed from credit report?
Do you still have a copy of the letter where it says it should come off in Dec. of 2007? If so make a copy of it and mail it to the credit bureaus. It would be in your best interst to send it to them certified. Just dont give up on getting these old accounts removed. The credit bureaus are known for giving the run around when you dispute items with them. Best of luck on getting this removed
Reply:Negative items acuually stay on your reports for 7 years and 180 days from the date of first delinquincy. If the debt incurred on jan. 1 of 2000, it wont go off of your reports til june 30, 2008. Is it possible that you arent past the 7 yrs. 180 day mark?


Is there a way to remove bad history from your credit report?

I made some errors with my credit when I was younger. I have been doing great at keeping a good credit history now that I'm more mature and understand the importance of credit (last 3 years). However, my old mistakes are still hunting me. I read somewhere that it can take 7 to 10 years for a bad entry in your credit report to be dropped. Is there a way I can remove those sooner?

Is there a way to remove bad history from your credit report?
Yes and no. You can attempt to remove negative items on your credit report by disputing them with the credit agency(i.e Transunion, Equifax, or Experian). They will contact the original creditor who has to prove in writing within 30 days that they have or had a valid claim. Its worth it to try this because sometimes the original creditor won't have the records to prove your debt, especially after three years. Or the company might no longer be around to handle your dispute!





Beyond that, your best bets for improving your credit are doing the things that will improve your credit score right now. If you still have old unpaid debts, pay them off or work out an agreement to pay them off. Then these debts will at least show that you are in repayment instead of defaulting on them.





Keep a couple of credit cards, buy things like groceries, and pay them off every month. This will gradually show that you are being responsible with your payments. If you pay your cards off every month, you wont have to pay interest. Also, your credit score will improve with the more available credit that you have but aren't using because you are paying your cards off every month.





A recent history of responsible credit use weighs much more on your credit than irresponsibility from several years ago. Keep chipping away at it.
Reply:No way to ligitamately remove it. Congrats on seeing the light, however
Reply:No, there's no legal way to remove it sooner, but as long as you keep your credit clean since then, it'll make a bigger impact as time goes on.
Reply:Nothing buy time and paying your bills as agreed clears up credit.





As long as it's not a bankruptcy, it will fall off in 7-years. Nothing legally can be removed from your credit that is correct information.





I put a web address in the source box. I strongly suggest that you order this book. It is full of information to help your credit.
Reply:if its paid u can ask for it to be removed.. Thats what I did and i went up 12 points..
Reply:Probably not all of the bad history but I almost guarantee that if you dispute them all.....even if they are yours some of the older ones will be deleted and your score will go up. It worked for me. My score went up drastically after disputing them! Just give them "burden of proof" that the debts are yours.
Reply:There are no "loopholes" or laws that credit repair companies can use to get correct information off your credit report.
Reply:The short answer is probably not.





The seven to 10 year part is dependant on your state. Most states are 7 years, so you're likely over 1/2 way there.





I did the same thing, when I was in college I got a bunch of "free" tee shirts and a lot of credit cards that I had no business having. I found that if you go to the credit agencies websites and file protests of all the negative items they will removes some older items if the companies do not respond.





The first thing you should do is go to https://www.annualcreditreport.com/cra/i... and get your credit reports. the 3 agencies are required to provide you a free report once a year now.





Look at them and make sure it is all acturate.





Then protest anything that you feel is a mistake, or just negative. It probably wont work, but it might clear a couple things up.
Reply:I am currently in the same situation you are in. I am not sure when last you pulled your reports from Equifax, Experian %26amp; Transunion but I suggest you do that first. I would reccommend you dispute ALL negative items on your credit report. You would be surprised how much would get deleted (even if it is yours)





After that is done, all that was not deleted can be paid off. I suggest you contact the creditors and make a settlement as low as 10 percent of what is owed. Considering that they are not going to get paid anyways, some are willing to settle for anything. I like to use the line "I am contemplating filing bankruptcy but I wanted to see if it were just easier for me to pay off my debts........." Just remember that paid or not collections still stay on your report but it looks better than "unpaid" collections.





www.truecredit.com will list all of your creditor's addresses and phone numbers.





GOOD LUCK!


How long after a bankruptcy is discharged (finalized) does your credit report reflect that?

In other words, my bankruptcy was discharged at the end of March, when will the credit report relect which accounts were thrown out in the bankruptcy?





Thanks!

How long after a bankruptcy is discharged (finalized) does your credit report reflect that?
usually within 30 days. However, you will want to get a copy of your credit report and make sure. Also, you will need to contact all 3 credit agencies because I can guarantee you that there are things in the bk that will still show delinquent on the report. It is important that you make sure everything says "included in bankruptcy" because it reflects dramatically on your credit score if you do not.
Reply:It doesn't matter that your bk has been discharged, it will still show on your report, if not now, very soon, and it will stay on your report for at least 7 years from the date of last activity.





Please get a book on bk, credit, credit reports, money and credit etc, and it will give you valuable information on credit and money. You can also get a credit conselor/agency to help you, or assist you in deleting some of the negative information. Just do your research and find a reputable company.
Reply:Not any time soon. The bankruptcy itself as a public record will be on your credit report for 10 years. In general, debts will stay on your credit report for 7 years. I believe the credit report may reflect that the account was included in your bankruptcy eventually.
Reply:It should never take more than 60 days, if it does contact the credit bureaus first and if you don't get it resolved that way then call your bankruptcy attorney.
Reply:Here is article that will explain this.


http://www.creditscorequick.com/2008/03/...
Reply:IT use to be 7 years!!!! With all the changes in the LAWS I draw A blank..


I due know that the CREDIT companys will be sending you A LOT of APPS for new cards after


ETC. Once the dis charge goers through so BE


AWARE...
Reply:Good question ...........i read it takes time , didn't say exactly how long .................order a credit report ......it's free .

ginkgo

How long does it take for credit card latenesses to fall off one's credit report?

I've heard that "baddies" stay on a credit report for 7yrs from the date of first delinquency.




How long does it take for credit card latenesses to fall off one's credit report?
"You are correct in thinking that all negative information stays on your report for 7 years.


What is sort of unkown is that the lates on your report are only tracked for 24 months. In the spaces where you have the 30/60/90 categories, that's only taking into consideration the last two years. Month by month, they are replaced with new information (obviously). That's why they've been falling off."





I've found some helpful info here too:





http://buildcredit.ifastnet.com





Hope that helps.



Reply:They fall off after seven years, except in the case of bankruptcy which stays on your report for ten years.





If you want them off your credit report sooner, then you must take action to repair your credit. Debt validation is the primary tool for that. You can get a free credit report that details using debt validation at the site below.
Reply:You can also write a Goodwill letter to the credit card company, and explain the reason for late payments, some will remove them, you just have to try and see what happens. Go to creditboards.com and get examples of GW letters and shoot them off.
Reply:Yes, it takes 7 years for the bad record to be eliminated provided that you don't create anew.
Reply:I know of people who still have them on their reports over 10 years later. I am not sure if they ever go away if you do pay them off or file bankruptcy.


When did it become common to "pull credit" using a computer to receive an instant credit report?

I know that credit reports used to be scored by hand and delivered via the mail. When did it become common to pull credit on a computer and receive an instant report?

When did it become common to "pull credit" using a computer to receive an instant credit report?
Don't know for sure, but I do know that's how it's been done since I got into the car business and that's been over 8-years.
Reply:anyone can pull a report on anyone for anything anymore and there is nothing you can do about it.
Reply:It became more prevalent about 5 years ago. I rather like the current method of obtaining my credit report. Just got all 3 a few months ago. You can either just read it then delete it or print out a copy for your records. Some agencies will send you an e mail alerting you that a record was ordered. I like that feature too. The only thing I don't like about this is you have to wade through all the junk offers of credit monitoring services.


What does a credit report show in terms of employment history?

Does it show employment history? Can someone igive me details about what EXACTLY can be learned about work history from a credit report?




What does a credit report show in terms of employment history?
Credit reports don't show work history. All they show is your credit score (for employers.) If you pull up your credit report, it will show you all your card information, if you've paid on time, etc... If an employer pulls your credit, it will only show the SCORE. Therefore if you've paid on time, but had one bad debt, making your score lower, the employer will see your low score, and not the exact reasons why.





Here is some more detailed info about it -





http://credit-report-free.totalh.com





Best regards.



Reply:If it's up to date it will show your current employers name.


It does not show what kind of job you have or how much you make.





A credit report is about your line of credits and loans. It shows when you opened an account, how you are paying and when you closed an account, etc.





It does not show your job history and only if updated correctly will it have your current address and employer listed.






Reply:There is no employment history showing on your credit report. It may not even show your current employer, unless a creditor supplied that info from a credit application.






Reply:it won't show much employment. The employer is not a creditor. That is why they always ask you to list your past employers and dates of employment..


How to change wrong information on credit report?

After applying for a for a morgage we got a copy of our credit reports. My mother and I had almost the same name before I got married. The only difference was middle name her's was Kay and mine is Fay. Well my credit report is 19 pages long full of stuff that doesn't belong to me. It has my mother's employer on there, her bank ruptcy, her house loan, car loans, medical bills. How do I go about fixing this problem?

How to change wrong information on credit report?
It's not as bad as Pepsi claims....





Fraud or not, the info does not belong on your report. Your problem is you have an awful lot if items to fix.





To fix it, you will need to send out a lot of letters, keep very accurate records, and in some cases be prepared to file a few lawsuits. Many times these creditors don't give a hoot about your credit...but when the threat of a $1000 lawsuit is flashed at them you will be amazed how quickly they cooperate.





I've supplied a link below to a site with some awesome info on the entire dispute process. Also a good sample debt validation letter.





BE SURE to send all letters by certified mail, return receipt. Yes it can get expensive, but without proof you notified these companies you will not get anywhere in the event you have to sue them.





And don't be nervous about filing a lawsuit. It's a simple small claims suit. You don't need a lawyer, and if you have followed all of the procedures you will easily win. Don't forget that damages that resulted from their inaccurate reporting (higher interest rates, loss of credit) can be recovered as damages.
Reply:If you can you and your mother need to contact the CREDITORS, they should be listed on the end of your report. Also note which agencies are reporting each debt. (re: Equifax, TransUnion, or Experian.Unfortunately it takes alot of time to straighten these things out. You usually have to contact these places directly.


You also have the right to submit a letter to the creditor requesting the info on the bill. They must send all related doucments and then you must supply copies to the reporting agencies to get them taken off your record, within 30-45 days. IF they do not respond then you can also have it taken off.
Reply:u have to dispute it with all three credit beaurs
Reply:This happened to my daughter also, hers was so tangled it was next to impossible to figure out. She found help at this site


http://www.1-800badcredit.com/bad-credit... The people here got it straightened up quickly. Contact them. Good Luck.
Reply:You have to call the Credit Report companies and they will explain you how to fix this. Prepare for big headaches.
Reply:http://creditcard.creditinspector.info has excellent info related to dealing with credit cards. Check it out!
Reply:Hate to say it but you might have to talk to your mom. She may have unfortunately used your social security number as hers, and committed fraud and identity theft against you. You may find you're in a long long battle to straighten out your credit. The first thing you need to do though is dispute the incorrect info with the credit bureau's. That's the easy part though.

azalea tree

How do I get information listed on a credit report?

My girlfriend was dragged through a bankruptcy due to her ex-husband. She is trying to re-establish her credit rating. There is an opportunity to rent a condo from a friend. (Currently, she is living with her parents.) The other option would be to move into an apartment that would report to credit agencies.

How do I get information listed on a credit report?
Condo from a friend wont get reported. Go with the corporate thing, they report.
Reply:https://www.annualcreditreport.com/cra/i...


Is it better paying off deliquent accounts on a credit report?

I have some negative accounts on my credit reports. I have paid off a few of them in the past few months, but I havent noticed any change to my credit scores. Is it better to pay these off, or just live with crappy credit until they fall off my report eventually? Does anyone know if paying them off affects my scores at all? The only thing it does is show closed account.

Is it better paying off deliquent accounts on a credit report?
If you pay off your delinquent credit accounts, you should get an improvement in two factors: payment history and amount owed.





Payment history counts for 35% of credit score and amount of debt owed 30%. Your credit score should be affected significantly but not immedately.





Your credit score will gradually grow with time while missed payments fade away from your credit report.





If you do not pay your account it will stay on your credit report for 7 years and credit score will not raise.
Reply:Paying them off in full will not necessarily increase your scores. It will however show potential lenders exactly that....that the debt is satisfied and paid in full. You're doing right by paying off the adverse accounts.





What you may want to do on the outstanding debts, is offer a "pay for delete" agreement (search this term on Yahoo Answers), in which you pay the full amount (or a reduced amount that you offer in writing), and in return, the collector deletes the negative entry entirely. This would end up raising your score, because the debt no longer appears on any trade lines.





If you're looking for a score boost, it isn't going to happen simply by paying off collectors. You need to pay your bills on time, and create a trend of financial worthiness with your current creditors you have, THIS will raise your score. It takes some time....not something that happens overnight. It certainly takes hardly any time for a negative item to drop your score, but it takes a while to bring it back up.





Any lender than is personally reviewing your credit report, will think more favorably by seeing debts on your report, as paid. These would typically be insurance underwriters, employers, mortgage lenders, and auto finance companies....all are the most common to personally review credit reports.





You're on the right track....just try to get an agreement with the collectors now, to DELETE the entries entirely when you pay off the debts.
Reply:The fact that you have paid off only a few of them should answer your question. Until everything "bad" is off your report, you should expect NO change.





It only takes one bad account to ruin your credit score, but it takes several years of near perfect payments to build your credit up.
Reply:yeah pay them off


cause later on they will come after you for them


and it looks good that you paid better late then never


everything you do that has to do with credit cards or the bank effects or credit score


to get your score up go buy something [like a car] and make payments


thats the fastest way to do it


but dont miss any payments or well your back to square one
Reply:They will send collections after you, then if you do not pay collections, that will effect negatively on your credit report. Do not destroy your credit. Pay off everything you owe slowly. If you can not, contact a debt consultation company fast.


Information on credit report after winning a lawsuit?

A junk debt company bought an ancient debt of mine and tried to sue me to pay them. I fought and won and they dismissed the case, but now I don't know what happens to the information on my credit report? This debt was listed twice, once from the original credit card company and again from the junk debt company. Does it truly disappear and do they need to remove the info from my credit report now?

Information on credit report after winning a lawsuit?
The reporting time is different from the legal fight. You said the debt was "ancient". That probably means it should not be on there anyway, given how old it is. Dispute both the original account and the JDB and see if they fall off.





Do not rely on the JDB or the creditor to fix your reports for you. They will leave that stuff on there unless you dispute it.


Do credit checks for auto loans show up on your credit report?

I'm curious to see what rate I would get on a car loan but wanted to make sure it doesn't affect my credit score. I heard auto loan and mortgage credit checks don't show up on your report (thus bringing down your score). Is this true?

Do credit checks for auto loans show up on your credit report?
Yes it does. But here's the trick... Auto inquiries and mortgage loan inquiries done within a two week time period will count as one inquiry.


So if you apply with "5" auto lenders you'll get hit for "1" inquiry which will affect your score a bit, possibly.





The reason is the credit bureau knows that people shop around for rates just like you. When I worked in auto finance I'd run people through several banks for an approval/better rate.





You can also order your own report with scores (tri merge) and use that to shop.... when you go to a car dealer just tell them what your score is and they can give you an idea. If it's a new car with a special incentive program (0%, 2.9, 5.9, etc) you usually just have to fit within the first couple "tiers" of credit (the guy with 50 points lower and 50 points higher will all get the same rate). The finance guy at the dealer should be able to tell you...
Reply:They do show up they are on mine...
Reply:Yes it will. 1 credit check wont kill you,but if you get too many inquiries it will look like you are desperate for loans.
Reply:Hard pulls ding your credit score. Mortgage and car loan companies do hard pulls. It shows.





If you are car shopping, don't let the salesman pull your credit until you are ready to actually deal. You'll end up with multiple hits. I had a friend who was shopping around and didn't realize every place pulled her credit. When she finally decided on a car, the loan company turned her down due to all the "credit applications" .
Reply:It would show up as a credit inquiry...which would give you about 5-10 points...you could pull your report on your own and pay for your own score and take it to the dealer and ask what your rate/payments would be. When you pull your credit report on your own it is a "soft pull" and that does not affect your credit score at all.
Reply:nope. everytime anyone looks at your credit score, your score falls down a notch.

lily

If information viewed on my credit report from the credit bureau is in accurate, what do I do?

I have recently reveiwed my credit report through experian credit bureau. Several account paid are still reported as open. Do I contact the credit bureau or the credit agency itself?

If information viewed on my credit report from the credit bureau is in accurate, what do I do?
I've had this same thing happen to me. The best thing for you to do is contact the place where the account is. For example, if it's a Visa credit card that says it's still open, call Visa. They will give you directions on how to write to their credit bureau investigation people to get it straightened out. You may also contact Experian, they can sometimes investigate it for you.





Just so you know though, this process can take up to 30 days. There is no need to pay for a lawyer, you can do this on your own. Good luck!
Reply:Dispute it with the credit bureaus. Many people sell this kind of recovery technique when it is available to everyone. The creditor must respond within a certain number of days. If they don't the negative information is removed from your credit report. This even works for people who DO owe the debt! Write a letter disputing the record. Since you are paid up, you may want to include that proof as well.
Reply:if you viewed your credit report from experian online then you can log into your credit report again and when you do there should be the option to dispute somewhere on the page if you click on this and then follow the steps and just let them know that they have been paid then experian will contact the creditors and find out when and if they are paid and then if they find what you say is true they will update your credit report sometimes it may take up to 30 days for the results to be displayed but they will also send you a statement in the mail showing the changes made to your credit report, I have had to do this several times and they always get it taken care of this way! Best of Luck
Reply:Hire a lawyer and they will help you take the necessarry steps to resolve the issue.
Reply:Having accounts paid doesn't necessarily mean they are closed. In fact, having open accounts with zero balances is often a good thing (especially if they are old). I would be very careful about challenging a listing on this basis. You can of course, but if they aren't showing delinquencies or something that will negatively impact your FICO you may be better off leaving them alone.
Reply:Contact the credit companies AND the credit bureau.





File online disputes with all 3 credit bureaus and call up the credit companies -- tell them to have the file removed from your report as the acct is paid in full. Unfortunately, some credit companies will refuse to remove the file even after you pay them.





You really have to press both of them to remove those items because they will affect your credit negatively the longer they remain on your report.
Reply:They have a link on the Experian page to dispute your report.They will send you a letter telling you the results..BUT remember if you receive a letter asking you for your SS number or any other information it's a pishing letter I received one that looked just like Equfax stating they need more info and I had to prove my identity to them they wanted my SS number as well as my Drivers Licensee number my last known address.I did not send them anything I called Equfax they told me it was a fraud letter.
Reply:Call them up and dispute their claim against you. To do this however you will have to provide proof. And once they are satisfied then they can adjust your credit rating to a better score.
Reply:There's no need to hire a lawyer. All you have to do is contact the credit reporting agency (in this case Experian) and tell them the information in inaccurate.





They may ask you if you have proof that you paid the account. If that is so, then you have to show them proof. If you don't have the proof with you, you can always contact the company and they will be happy to give you the proof you need to get your credit report corrected.





Good luck.
Reply:If someone has gotten credit in your name, contact the credit agency you got your report through. They will most likely tell you that you have to go to your local police department and file a report. The next steps depend on how serious the inaccuracies are.


GOOD LUCK, I am going through the same thing right now, it really angers me because we were going to buy a house this year, and now it will take two to three to clear up my report.


Use your own credit or don't use any at all!!!!!


How do I get an erroneous California State Tax Lien removed from my credit report?

I have a tax lien on my credit reports - again - some 12 years after CA put it on, even though I didn't owe taxes (OK, I filed late without an extension...my fault...).





I have had it removed three times over the years, but checked my Credit report not long ago and there it was again.





Each time I've needed to send in the proof document from the state (they've provided it to me back in 1995) and send it to the three credit bureaus...and it will come off for a bit, but ends up back on again - screwing up my credit scores.





Is there a reliable way to keep this from continuing to happen? Does anyone know? Anyone every cracked to code on the California Franchise tax board's reporting mess?





Thanks.





Steve in Seattle.

How do I get an erroneous California State Tax Lien removed from my credit report?
Steve,





Start by reading the info below. this is from the Fair Credit Reporting act.





I would say after posting this 3 times to your report, and you constantly fighting them to stop, this is a slam dunk small claims suit. If this is showing up on all 3 reports, you can sue each of them.





What can you do with $3000?
Reply:Studly's answer is still wrong. You do have a tax lien, therefore your credit report is correct. The lien must be lifted. Report Abuse

Reply:In response to your Additional Information: It does not matter whether the lien was paid. California DID NOT remove the lien. If they had, the next public records update by the credit bureau would have shown the lien had been removed. Report Abuse

Reply:Forget what Studly said about the Fair Credit Reporting Act. The lien is reported in public records and will continue to appear on your credit report until the California Tax Franchise Board removes the lien and updates the public records. Anything you have done though the credit bureau will be overridden the next time they do a public records update.





You need to contact the California Tax Franchise Board and have the tax lien lifted. Not owing the taxes is NOT the same as having the lien lifted.


Can I add my real positive credit to my credit report if lender does not report it?

I just paid off a car through a lender that does not report to the credit bureau. I heard you can report it to the credit bureau, but I am not sure how. I have a copy of my payment history and contract, but not sure what all I will need and who to turn it in to?? Any suggestions?

Can I add my real positive credit to my credit report if lender does not report it?
You need to send a letter to the credit bureau asking them to add this line of credit to your report.





They will then have to contact the lender to verify the information.
Reply:If that lender does not report to a Credit Bureau, then it will not be added to your report. Lenders have to pay to have data recorded and updated, and many smaller lenders don't have the funds or technology to make it happen. The only thing you can do is keep this information and provide it to future lenders. There are still many banks or other lenders that accept "alternative credit". Just make sure your new lender does report to the Credit Bureaus, so you can start developing your credit score.


Is there anyway to erase credit inquires that you have on your credit report?

When you apply for a loan or credit card, the creditor appears on your credit report. Is there anway to erase those inquires?

Is there anyway to erase credit inquires that you have on your credit report?
yes you send them a certified letter (it may take a few times to do this) but you send them a certified letter stating that you want the inquiry taken off your report. Becuase if you have an inquiry but you don't end up opening a line of credit it looks like you were denied which is not the case. They will remove it if you tell them you weren't denied.
Reply:I don't think you can erase inquiries. They are not going to have a drastic negative affect on your score as long as you don't continually apply for credit. They will fall off of your record after 2 years and affect your score less as time goes on. Your score is mostly affected by other factors such as credit history and your debt to credit ratio on accounts such as cc's.
Reply:by getting them all at the same time. I learned this at a home-buying class. If you have your credit checked so many times within a two week period it only appears as one time.
Reply:Yes, you can dispute them.








Here is a free kit and a sample letter you can use. http://www.expert-credit-advice.com/free...








Here is a company that does it: http://www.expert-credit-advice.com/cred...
Reply:they will not remove any inquery on a CBR. They do however drop off at the end of 90days.
Reply:no
Reply:No, they're considered "hard" hits (as opposed to "soft" hits where you check your own score, ect)





Those inquires are kept because it sends red flags to lenders if you're looking to get a lot of credit in a short amount of time. However, if you're shopping for the best auto loan or mortgage rate and a lot of the inquires happen in a short period (usually about two weeks) it shows as one hit.
Reply:You have to authorize the inquiries. If you believe someone made an inquiry without your approval you can send them a dispute letter. Below is a link which contains a sample dispute letter for an inquiry.
Reply:no just wait 2 years
Reply:i think not

myspaces.com

How do I get an 8 year old debt taken off my credit report?

Back in 1999 I had just turned 18 and got myself a cellphone. Being the irresponsible teenager that I was, I never paid the bill. Well they never shut my phone off, I became homeless and kept using it all the way up till it got stolen 5 months after I got it. Who know's how long it was still on after that. My bill got racked up to about $1,500 and I have never paid a dime, and never had contact with Verizon, or the collection agency. I recently got my credit report and it showed that Verizon reported the debt to them in 2005. A couple days after I got my credit report, I got a bill from a collection agency stating that I owed $2,500 and showed that I had incurred the debt in Dec. 1999. I have heard there is a statute of limitations on credit issues, and from what I've heard, it's 6 years in Oregon. I just need to know the right way to handle this before I start contacting people. Any advice is appreciated.

How do I get an 8 year old debt taken off my credit report?
The length of time a negative mark can stay on your credit report starts from the time you were late or the late payment went into collection, not from the last time you made a payment on the account. Some collection agencies update their reporting status on you to keep the account active with the bureaus to extend the time the account appears on your report. This is very deceiving of them, because most often the account is updated and the period of time the account is active appears to be extended. You will want to challenge this with the credit reporting agencies in writing. If you do, bureaus will correctly remove it 7 years from origination.
Reply:First call the phone company and negotiate payment terms. Maybe they will reverse all the excess interest. Then suck it up and pay your bill.





If you don't pay it ...the rest of us do through outrageous cell phone fees and charges.
Reply:you need to send a CEASE AND DESIST LETTER to the collection agencies. DO NOT CALL THEM. they know the laws but are HOPING THAT YOU DONT.


if you can send a debt validation letter it may force them to remove it...if it's over 7yr mark .





you can ALSO DISPUTE ONLINE which is free if you go through the annualcreditreport


How do I get a late mortgage payment off of my credit report?

How do I get a late mortgage payment off of my credit report? I mean I'm totally current on my mortgage now. I want this off of my report. Thanks

How do I get a late mortgage payment off of my credit report?
it will stay on your credit report for 7 years.
Reply:thanks, friend! i've been there, i know it is frustrating, and despite what people think, not everybody that makes a late payment is just lazy or irresponsible; life throws you a curveball sometimes. good luck! Report Abuse

Reply:You don't get it off. That what a credit report is. Just because you made up the late payment and became current does not allow you to ask that it be removed.





It will disappear in the normal time frame of seven years from its original delinquency.
Reply:you cannot...all info is kept for seven years. so in the meantime pay everything on time and this will be a minor glich in you overall score...and ater 7 years it will dissappear
Reply:It will disappear in a few years. Until then, you will have to live with it.
Reply:You can't. It will be 'erased' after seven years.





You can add a statement to your report to explain the sitution. This statement will be viewable for all prospective credit grantors.


What website offers a free credit report without a credit card?

I would like to print a copy of my credit report without having to use a credit card. Ive heard of some free websites. Can you help

What website offers a free credit report without a credit card?
http://www.annualcreditreport.com
Reply:Thanks to the Fair Credit Report Act, you are entitled to a free credit report from each of the three credit bureau once a year. No credit card is needed and you don't need to sign up for any credit monitoring service. Go to www.AnnualCreditReport.com


What website offers a free credit report without a credit card?

I would like to print a copy of my credit report without having to use a credit card. Ive heard of some free websites. Can you help

What website offers a free credit report without a credit card?
http://www.annualcreditreport.com
Reply:Thanks to the Fair Credit Report Act, you are entitled to a free credit report from each of the three credit bureau once a year. No credit card is needed and you don't need to sign up for any credit monitoring service. Go to www.AnnualCreditReport.com

Genealogy

How many times can the same debt be placed on your credit report?

I have had the same "debt" put on my credit report by the original lender, a collection agency over 2 years ago and now a brand new collection agency. I questioned the original debt on my report and they removed it, and now, it has obviously been sold to another collection agency who has put it back on my file. The original debt wasn't even mine, it was my husbands so I don't even know how it is getting on my file. If it helps, I live in Ontario, Canada.

How many times can the same debt be placed on your credit report?
I guess it has your name on it, so as far as anyone else is concerned, it is yours.





You will have to go through the same process as the first time to get this item removed.
Reply:You must always be careful with credit cards, car loans, mortgages and debt consolidation. Persoanlly, I was in debt of over $100,000 at one point in time, roughly 4 years ago. I am proud to say I am now DEBT FREE. It is very confusing on what to pay first how to chop down your debt, but there is a lot of good content out there to help. I have also started my own blog to help people out by talking about what I think is important. Check it out sometime!





http://credit-and-loans.blogspot.com/
Reply:it depends for what. I found interesting information about Credit Reports %26amp; options here. Goodhttp://all-debt-consolidation-loan.blogs... luck!
Reply:Explain the situation in writing to the credit reporting agency. Since it was taken off before it should be taken off this time. It will show up as many times as the collection agencies report it.
Reply:In most places , being married means joint finance responsibility .


If you were married , You are probably legally responsible .





Unless you can prove that you had already filed for divorce at the time the debt was incurred


And published a note in 3 newspapers saying that


" I ( jane doe ) will no longer be responsible for any of my spouse's ( john doe ) debt from this day forward " .





Had you filed for divorce and did you publish the Not Responsible Notice ?





%26gt;
Reply:The best thing to do is get a free online copy of your credit report by going to experians website. On the form you can dispute the debt and the company may remove it. It may come off on its own after several years but there is no limit to how many times and can be re-reported


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