When my 7 years came around, three negative items have been removed from my credit report. The debtors are still trying to contact me for payment. What are my rights? Should I still pay?
After 7 years the negative items on my credit report are gone?
no they can not ask for money after the statute of limitation has passed.
Reply:Hehehe.....another incorrect myth out there. A creditor can attempt to collect a debt until the day you die. The statute of limitations ONLY means they cannot seek legal redress to effect collection (judgment).
If you do not pay, chances are good that these creditors will sell your debt to a collection agency for pennies on the dollar. Once that happens, your seven year love affair starts ALL over again, as if it were day one.
Reply:was it discharged in bankruptcy? If so then its NOT legal (and they know this) if not then better seek a qualified eggplant (attorney) to discuss it further.
Reply:Ace is barely right.....
You have two timeframes to deal with.
The credit reporting time is 7 years, from the date of the DELINQUENCY, not last activy.. At that time any negative items must be deleted from your report.
The Statute of Limitations is the LEGAL time a creditor has to file a lawsuit to collect the debt. Each state is diferant, but averages around 6 years. They can still file a lawsuit, but all you have to do is point out the SOL has expired and the suit gets dropped immediately.
The problem is that the collection agents can still contact you and harass you. They are counting on the fact that you do not understand the above rights, and they will threaten and harrass you into paying. All you have to do is send them a "cease and desist" letter which basically say don't call or right me ever again. If they do, then you have a very easy small claims suit that you will win $1000 with.
Once collection agencies find you you understand your rights you will be amazed at how fast they send the debt back to the creditor, or pass it off to another collection agency.
Learn your rights, read the Fair Debt Collections Act and the Fair Credit Reporting Act.
Reply:In Australia the staute of limitations is 7 years. If they haven't recovered it within that type they must write it off as no court will take action against you.
Reply:Items stay on your credit report for 7 years after the date of last activity. They can contact you forever but once the statute expires they can take no legal action against you. If the sell your account to another collection agency the 7 years DOES NOT restart ( Acer you got it wrong ). However if you affirm the debt, make a payment then they can start the statute all over again.
Friday, November 6, 2009
How can i remove derogatory accounts from my credit report?
All my accounts are paid in full, but still ruining my credit report. I see "Law Firms" online advertising, but I want to attempt to remove, late payments and derogatory accounts myself
How can i remove derogatory accounts from my credit report?
You should be able to contact the accounts departments of each creditor directly and ask them to remove or update the blemishes on your credit report. All the numbers to each agency should appear at the end of your credit report. If you do not contact your creditors and begin the process of removing the negative notes on your account, they will remain on there. It is true that late and non-payment history has to expire, however if the balance is paid in full, your report should reflect that.
I know, because I had to contact one of my creditors to have them remove a blemish for a write-off payment that i had actually paid. The company had to do its investigation but they were able to find the records and correct the problem. It was their mistake and it has since been removed... GL
Reply:Order all 3 reports and dispute every single bad thing, claiming you have no knowledge of them or they are incorrect. Within 30 days you'll know if they are deleting anything.
You can get lots of paid collections and such removed this way-- they dont respond in 30 days and so it drops off.
Reply:You can write your version of the situation and the credit agencies are required to put it in your file. You can't take the derogatory stuff out but you can explain it this way.
Late payments are facts. There is no way you can get them out until they expire from old age.
Reply:The only information you can have removed is incorrect information. Late payments, unless they are incorrect, will stay on your report for a number of years. You need to write a dispute letter to the credit bureaus dictating the companies, the incorrect information, why it's incorrect and include any and all proof. The bureaus will contact the companies and tell them to provide up-to-date information. The companies have 30 days to respond, if there is no response, the item is not placed back on yoru report. The more proof you can include, the better. That way all incorrect information can be removed. If the late payments are correct, you have to wait for them to drop off your report, there won't be anything you can do. If you write them and play dumb (like another poster told you to do), it will buy you a maximum 30-day reprieve since the companies will just send proof to the bureaus that, yes, you were late.
Reply:go to http://www.720ficoscore.com
they can do alot of stuff for less than a hundred bucks!!!
law firms over charge for their stuff.
Reply:You can't do this. If it is accurate even though it is negative it will stay on your credit report for 7 years.
Reply:If it is accurate information it is very difficult to remove but if it is incorrect reporting you can easily dispute the information with each of the 3 major bureaus (Experian, Transunion, Equifax). See their web sites for dispute forms.
I write a blog on the subject of credit management, mortgages, real estate trends, etc. Check it out for more information that may be helpful.
Reply:Dispute them online with TransUnion, Experian, and Equifax. Claim that you have no knowledge of the account. When the CRA's go to verify the info with the creditors, you are more likely for them not to respond to the CRA's if the account is paid. Why should they take the time the verify it, they already have their money.
Technically, when you go to pay off derogatory accounts, you should negotiate with the creditors and get them to agree, in writing, that they will remove their listing on your credit report if you pay.
Since you have already paid, dispute! I did this recently on an account that I had already paid and it was removed in about 30 days. Maybe it's not the most ethical approach, but it can work. Good Luck!
Reply:Late payments and settlements, etc... cannot be removed from your credit report. They stay on for 7 years.
You need to pay your bills on time, all of the time.
Reply:Go to my FICO.com and see what you can find out there. Good luck. Have you tried to work with the company that gave you the bad report and asked them to remove it.
Reply:They cannot be removed, but if they are showing inaccurate information, such as an outstanding, late balance, you can go to the credit reporting agencies' websites and e-mail them about it. I did this recently, and it only took 2 or 3 weeks for them to correct it.
Reply:Credit reporting companies have way too much power. We, that is you and me, have to stop this abuse of power by making thee companies illegal.
How can i remove derogatory accounts from my credit report?
You should be able to contact the accounts departments of each creditor directly and ask them to remove or update the blemishes on your credit report. All the numbers to each agency should appear at the end of your credit report. If you do not contact your creditors and begin the process of removing the negative notes on your account, they will remain on there. It is true that late and non-payment history has to expire, however if the balance is paid in full, your report should reflect that.
I know, because I had to contact one of my creditors to have them remove a blemish for a write-off payment that i had actually paid. The company had to do its investigation but they were able to find the records and correct the problem. It was their mistake and it has since been removed... GL
Reply:Order all 3 reports and dispute every single bad thing, claiming you have no knowledge of them or they are incorrect. Within 30 days you'll know if they are deleting anything.
You can get lots of paid collections and such removed this way-- they dont respond in 30 days and so it drops off.
Reply:You can write your version of the situation and the credit agencies are required to put it in your file. You can't take the derogatory stuff out but you can explain it this way.
Late payments are facts. There is no way you can get them out until they expire from old age.
Reply:The only information you can have removed is incorrect information. Late payments, unless they are incorrect, will stay on your report for a number of years. You need to write a dispute letter to the credit bureaus dictating the companies, the incorrect information, why it's incorrect and include any and all proof. The bureaus will contact the companies and tell them to provide up-to-date information. The companies have 30 days to respond, if there is no response, the item is not placed back on yoru report. The more proof you can include, the better. That way all incorrect information can be removed. If the late payments are correct, you have to wait for them to drop off your report, there won't be anything you can do. If you write them and play dumb (like another poster told you to do), it will buy you a maximum 30-day reprieve since the companies will just send proof to the bureaus that, yes, you were late.
Reply:go to http://www.720ficoscore.com
they can do alot of stuff for less than a hundred bucks!!!
law firms over charge for their stuff.
Reply:You can't do this. If it is accurate even though it is negative it will stay on your credit report for 7 years.
Reply:If it is accurate information it is very difficult to remove but if it is incorrect reporting you can easily dispute the information with each of the 3 major bureaus (Experian, Transunion, Equifax). See their web sites for dispute forms.
I write a blog on the subject of credit management, mortgages, real estate trends, etc. Check it out for more information that may be helpful.
Reply:Dispute them online with TransUnion, Experian, and Equifax. Claim that you have no knowledge of the account. When the CRA's go to verify the info with the creditors, you are more likely for them not to respond to the CRA's if the account is paid. Why should they take the time the verify it, they already have their money.
Technically, when you go to pay off derogatory accounts, you should negotiate with the creditors and get them to agree, in writing, that they will remove their listing on your credit report if you pay.
Since you have already paid, dispute! I did this recently on an account that I had already paid and it was removed in about 30 days. Maybe it's not the most ethical approach, but it can work. Good Luck!
Reply:Late payments and settlements, etc... cannot be removed from your credit report. They stay on for 7 years.
You need to pay your bills on time, all of the time.
Reply:Go to my FICO.com and see what you can find out there. Good luck. Have you tried to work with the company that gave you the bad report and asked them to remove it.
Reply:They cannot be removed, but if they are showing inaccurate information, such as an outstanding, late balance, you can go to the credit reporting agencies' websites and e-mail them about it. I did this recently, and it only took 2 or 3 weeks for them to correct it.
Reply:Credit reporting companies have way too much power. We, that is you and me, have to stop this abuse of power by making thee companies illegal.
How long do negative items stay on your credit report?
How long do negative items stay on your credit report, especailly if the statute of limitations is up?
How long do negative items stay on your credit report?
The Fair Credit Reporting Act allows negative items to stay on your credit report for 7 years, except for bankrupcies--which remain for 10 years. There is a link--which I lost when I answered your question--but I found it just by re-asking your question on the web search box at the top of this page.
Reply:Generally 7 years, but there are some that are permanent.
However they can all be removed, once fixed.
Reply:3-4 yrs..a bankruptcy stays 7
Reply:7-10 years regardless
Reply:7 years in general, bankruptcy stay for 10. If you want to get the item off, you have to contact one of the three report bureaus directly. If an item shows up on all three, you get to do it three times. Isn't this fun?
Reply:I agree with all the responses...7 years. But..there are some that are permanent.
Reply:7 Years.
Reply:7 years, but a bankruptcy stays for 10 years. The only way it can be removed is if the creditor notifies the reporting agency that it was a mistake, or you can prove something like identity theft/fraud. You can add a statement to any negative item in your history by contacting the credit reporting agency. Your statement explains the negative item, it doesn't negate it.
Reply:They SAY seven years, but some unscrupulous companies sell old debt for pennies on the dollar, and quite often the companies that buy the debt will restart it.
Also, let's say you have one year left before a debt falls off of your report. You get some money and make one payment on it; guess what? The seven years starts ALL OVER from the beginning.
Also talking to a collector regarding an old debt can start it over again.
There are many things to know regarding credit. The very best place for info is right here: http://www.creditboards.com/forums/
Good luck!
Reply:yes it is 7 years and 10 years. Go to annualcreditreport.com for your government mandated "free" yearly credit report from the 3 major credit reporting agencies. You can see your credit report (not score) for free every 12 months. It is a very good thing to do to make sure everything is correct and to see what your creditors are seeing. Their is also useful info on there about topics like you asked. The government passed this law for you so take advantage of it.
Reply:7 years
floral shops
How long do negative items stay on your credit report?
The Fair Credit Reporting Act allows negative items to stay on your credit report for 7 years, except for bankrupcies--which remain for 10 years. There is a link--which I lost when I answered your question--but I found it just by re-asking your question on the web search box at the top of this page.
Reply:Generally 7 years, but there are some that are permanent.
However they can all be removed, once fixed.
Reply:3-4 yrs..a bankruptcy stays 7
Reply:7-10 years regardless
Reply:7 years in general, bankruptcy stay for 10. If you want to get the item off, you have to contact one of the three report bureaus directly. If an item shows up on all three, you get to do it three times. Isn't this fun?
Reply:I agree with all the responses...7 years. But..there are some that are permanent.
Reply:7 Years.
Reply:7 years, but a bankruptcy stays for 10 years. The only way it can be removed is if the creditor notifies the reporting agency that it was a mistake, or you can prove something like identity theft/fraud. You can add a statement to any negative item in your history by contacting the credit reporting agency. Your statement explains the negative item, it doesn't negate it.
Reply:They SAY seven years, but some unscrupulous companies sell old debt for pennies on the dollar, and quite often the companies that buy the debt will restart it.
Also, let's say you have one year left before a debt falls off of your report. You get some money and make one payment on it; guess what? The seven years starts ALL OVER from the beginning.
Also talking to a collector regarding an old debt can start it over again.
There are many things to know regarding credit. The very best place for info is right here: http://www.creditboards.com/forums/
Good luck!
Reply:yes it is 7 years and 10 years. Go to annualcreditreport.com for your government mandated "free" yearly credit report from the 3 major credit reporting agencies. You can see your credit report (not score) for free every 12 months. It is a very good thing to do to make sure everything is correct and to see what your creditors are seeing. Their is also useful info on there about topics like you asked. The government passed this law for you so take advantage of it.
Reply:7 years
floral shops
Can I report a mortgage company to the FTC for an inquiry for a credit report on me without my knowledge?
I had an alert message on my credit monitoring and found out the name and city and phone number for the mortgage company. And do I have to file a police report first in order to report it.
Can I report a mortgage company to the FTC for an inquiry for a credit report on me without my knowledge?
Before you start calling the cops....
What was the reason the mortgage company pulled your credit report? Was there any contact with them prior to them pulling it? If there was an implied interest in getting a loan, they could pull your report.
If you have never called or done business with them, you would have a case. But your next problem is getting the police to do anything about it. I'm betting you will be lucky just to get a police report taken, and they certainly are not going to waste any effort to prosecute for it.
Your best option would be to file a civil suit under Section 616 of the FCRA for $1000. Even still, you need to be able to prove that they pulled your credit report knowing they did not have a permissible purpose to have it.
Reply:Before you call the cops... the mortgage company did not just pull your credit for the heck of it. Either YOU applied for something, or someone else did using your name... or you do business with them or a subsidiary of them.
So if someone is trying to steal your identity, you need to put a fraud alert on your credit report.
It also could be a cold hit, because they want to extend an offer of credit to you... they do not get all information, only certain info... which is perfectly legal. If you dont want them doing this, you need to call the credit bureaus and tell them you dont want credit offers.
It costs them a lot of money to pull a credit report... they dont just do it for the hell of it.
Reply:First, is the mortgage company your mortgage company through whom you have a current loan? If so, I would give them a call and ask why they are pulling your credit without your knowledge. They might have improperly coded an AR, or Account Review, as a "hard inquiry" when it should be a "soft inquiry".
If you are certain you never applied for a mortgage or a loan of any sort through them, then you might well have a case for a FCRA violation. $1,000 plus attorney's fees plus punitive damages for willfull non-compliance, if you can show that.
Calling the cops ain't gonna accomplish anything. The can take a report if you believe you're a victim of ID theft.
Reply:Before you go reporting, what kind of report did they request? And, why?
There about a million legitimate reasons why a mortgage company could pull your report. Have you inquired about refinancing? Is your current mortgage servicer planning on selling your mortgage? Is this company your current mortgage company?
Seriously, I do not see any reason to panic.
Can I report a mortgage company to the FTC for an inquiry for a credit report on me without my knowledge?
Before you start calling the cops....
What was the reason the mortgage company pulled your credit report? Was there any contact with them prior to them pulling it? If there was an implied interest in getting a loan, they could pull your report.
If you have never called or done business with them, you would have a case. But your next problem is getting the police to do anything about it. I'm betting you will be lucky just to get a police report taken, and they certainly are not going to waste any effort to prosecute for it.
Your best option would be to file a civil suit under Section 616 of the FCRA for $1000. Even still, you need to be able to prove that they pulled your credit report knowing they did not have a permissible purpose to have it.
Reply:Before you call the cops... the mortgage company did not just pull your credit for the heck of it. Either YOU applied for something, or someone else did using your name... or you do business with them or a subsidiary of them.
So if someone is trying to steal your identity, you need to put a fraud alert on your credit report.
It also could be a cold hit, because they want to extend an offer of credit to you... they do not get all information, only certain info... which is perfectly legal. If you dont want them doing this, you need to call the credit bureaus and tell them you dont want credit offers.
It costs them a lot of money to pull a credit report... they dont just do it for the hell of it.
Reply:First, is the mortgage company your mortgage company through whom you have a current loan? If so, I would give them a call and ask why they are pulling your credit without your knowledge. They might have improperly coded an AR, or Account Review, as a "hard inquiry" when it should be a "soft inquiry".
If you are certain you never applied for a mortgage or a loan of any sort through them, then you might well have a case for a FCRA violation. $1,000 plus attorney's fees plus punitive damages for willfull non-compliance, if you can show that.
Calling the cops ain't gonna accomplish anything. The can take a report if you believe you're a victim of ID theft.
Reply:Before you go reporting, what kind of report did they request? And, why?
There about a million legitimate reasons why a mortgage company could pull your report. Have you inquired about refinancing? Is your current mortgage servicer planning on selling your mortgage? Is this company your current mortgage company?
Seriously, I do not see any reason to panic.
Can I get a free copy of my credit report over the internet? How?
I need to dispute some items on my credit report as fast as I possibly can. Thanks for your help.
Can I get a free copy of my credit report over the internet? How?
This is the government mandated website (totally FREE) where you can get 1 free credit report from the 3 agencies for free in one year:
http://www.annualcreditreport.com
The federal Fair Credit Reporting Act (FCRA) requires that U.S. consumers be entitled to a free credit report each year. The government’s goal is to make sure that consumers stay informed, fight identity theft, and get fair treatment.
Reply:Yes, www.freecreditreport.com
Reply:www.freecreditreport.com but every time you check your credit it takes away points, so even tho its fre...its not really free ya know?
Reply:www.freecreditreport.com you can print it right from your pc.
Reply:annualcreditreport.com is your best resource as you can get one report per agency free per 12 month period. There are no further attachments with this service as this is in response to the FACT act.
freecreditreport.com is a service backed by Experian and unless you cancel the service after 30 days, you will be signed up for a monthly monitoring service. They do also mention annualcreditreport.com because they must comply with the FACT act.
Reply:I'd go to freecreditreport.com. You are entitled a free report once per year from each bureau. Go directly to the creditors website like equifax.com. Either way you can't dispute something over night. It'll take 30+ days
Reply:go to annualcreditreport.com
Reply:@ creditreport.com
Reply:www.freecreditscore.com
Reply:www.freecreditreport.com
Reply:Yes. Go to annualcreditreport.com. You can get a copy of your report from each of the 3 reporting agencies for free. If you want your credit score, though, you have to pay a little for it.
Reply:you can get one free credit report from each of the credit reporting agencies... at annualcreditreport.com
You can also get a free report if any company denies you credit or increases your costs as a result of your credit (such as car insurance). The company making that decision will send you a notice of which bureau they used to make that decision.
Can I get a free copy of my credit report over the internet? How?
This is the government mandated website (totally FREE) where you can get 1 free credit report from the 3 agencies for free in one year:
http://www.annualcreditreport.com
The federal Fair Credit Reporting Act (FCRA) requires that U.S. consumers be entitled to a free credit report each year. The government’s goal is to make sure that consumers stay informed, fight identity theft, and get fair treatment.
Reply:Yes, www.freecreditreport.com
Reply:www.freecreditreport.com but every time you check your credit it takes away points, so even tho its fre...its not really free ya know?
Reply:www.freecreditreport.com you can print it right from your pc.
Reply:annualcreditreport.com is your best resource as you can get one report per agency free per 12 month period. There are no further attachments with this service as this is in response to the FACT act.
freecreditreport.com is a service backed by Experian and unless you cancel the service after 30 days, you will be signed up for a monthly monitoring service. They do also mention annualcreditreport.com because they must comply with the FACT act.
Reply:I'd go to freecreditreport.com. You are entitled a free report once per year from each bureau. Go directly to the creditors website like equifax.com. Either way you can't dispute something over night. It'll take 30+ days
Reply:go to annualcreditreport.com
Reply:@ creditreport.com
Reply:www.freecreditscore.com
Reply:www.freecreditreport.com
Reply:Yes. Go to annualcreditreport.com. You can get a copy of your report from each of the 3 reporting agencies for free. If you want your credit score, though, you have to pay a little for it.
Reply:you can get one free credit report from each of the credit reporting agencies... at annualcreditreport.com
You can also get a free report if any company denies you credit or increases your costs as a result of your credit (such as car insurance). The company making that decision will send you a notice of which bureau they used to make that decision.
How can I get a detailed credit report?
I would like to get a copy of my credit report. What's the best site to get a free detailed copy of my credit report?
I'm trying to avoid scams, hackers, fraud sites.
How can I get a detailed credit report?
By law you are entitled to one free credit report a year. Go to www.annualcreditreport.com where you can get a credit report from Transunion, Experian, and Exuifax. You also have the option to obtain you credit score for $7.00.
Reply:There are generally two categories of credit report sources: paid and free sources. The best approach is always to do research a bit by using search engines, checking some forums, blogs, articles and even references from friends and relatives. This is how you avoid scams and fraud.
Reply:Try this one - http://creditreport.undonet.com - I monitor my credit score here during last 3 years. And also cleaned off some bad items from my credit report. You can apply for free initial plan and get your scores and reports for free.
I'm trying to avoid scams, hackers, fraud sites.
How can I get a detailed credit report?
By law you are entitled to one free credit report a year. Go to www.annualcreditreport.com where you can get a credit report from Transunion, Experian, and Exuifax. You also have the option to obtain you credit score for $7.00.
Reply:There are generally two categories of credit report sources: paid and free sources. The best approach is always to do research a bit by using search engines, checking some forums, blogs, articles and even references from friends and relatives. This is how you avoid scams and fraud.
Reply:Try this one - http://creditreport.undonet.com - I monitor my credit score here during last 3 years. And also cleaned off some bad items from my credit report. You can apply for free initial plan and get your scores and reports for free.
How long does it take for negative information to show up on your credit report?
I got a letter from a collection agency dated 10/17/06 telling me about charges I owed from a phone I had in 2003. The charges are bogus because the account was paid. I'm disputing the charges, but I don't want the negative report on my credit report because I'm trying to buy a house right now. They haven't showed up as of yet even though the agency now appears as one of my creditors. Any ideas on how long it will take for the actual account to show up? Thanks!
How long does it take for negative information to show up on your credit report?
Hello,
Financial service provider's request a credit report from a credit reference company when you want to buy a borrowing product. In the UK, they mainly use either Equifax UK or Experian.
The credit reference company will just provide a report to the financial institution, but they will not tell the company not to give you credit; they just say what you've done in the past.
You can explain to the financial institution that if there is a bad mark on your credit report, it is because of a phone bill from 2003 that you supposedly owe; which has actually been paid, and that the collection agency has made a mistake.
If you have used borrowing products since 2003 (e.g. credit cards, personal loans), and you've kept the account(s) in good standing; then you should be okay. They will see that you've been borrowing since 2003 and you've been trustworthy in that period, they may not offer you the best deal because of the bad mark; but you certainly shouldn't get totally refused...
Thanks
Reply:about 2 months after you get a call or a letter from a collection agency..they give you time to pay it first as a deliquent.
Reply:If you still have your proof of payment, all you need to do is show the documentation if it pops up again as you are trying to qualify for your home purchase. 90 to 120 days is generally the time.
Reply:Send in a letter or copies of letters dealing with your dispute to credit companies right now. We had a problem with a bank error from a check deposited on the day before Thanksgiving. It was held by the bank, we said OK. they held our entire account, not just the deposit. We bought a gallon of paint at Sears that Friday. The check bounced because the bank held up the entire amount they had in the account. We found out very quickly, under a week. Maybe we went back for more paint, I don't remember, but the bank fixed it. It took a month or so. Some places report so fast it's unbelievable. I would never have believed it if I hadn't had it happen to me. My point is that you have to take charge of your credit and force thses compaines to do what's right by you. Good luck!
Reply:Supposedly it's updated every 30 days... but some companies report things much later... procrastination is alive and well.
How long does it take for negative information to show up on your credit report?
Hello,
Financial service provider's request a credit report from a credit reference company when you want to buy a borrowing product. In the UK, they mainly use either Equifax UK or Experian.
The credit reference company will just provide a report to the financial institution, but they will not tell the company not to give you credit; they just say what you've done in the past.
You can explain to the financial institution that if there is a bad mark on your credit report, it is because of a phone bill from 2003 that you supposedly owe; which has actually been paid, and that the collection agency has made a mistake.
If you have used borrowing products since 2003 (e.g. credit cards, personal loans), and you've kept the account(s) in good standing; then you should be okay. They will see that you've been borrowing since 2003 and you've been trustworthy in that period, they may not offer you the best deal because of the bad mark; but you certainly shouldn't get totally refused...
Thanks
Reply:about 2 months after you get a call or a letter from a collection agency..they give you time to pay it first as a deliquent.
Reply:If you still have your proof of payment, all you need to do is show the documentation if it pops up again as you are trying to qualify for your home purchase. 90 to 120 days is generally the time.
Reply:Send in a letter or copies of letters dealing with your dispute to credit companies right now. We had a problem with a bank error from a check deposited on the day before Thanksgiving. It was held by the bank, we said OK. they held our entire account, not just the deposit. We bought a gallon of paint at Sears that Friday. The check bounced because the bank held up the entire amount they had in the account. We found out very quickly, under a week. Maybe we went back for more paint, I don't remember, but the bank fixed it. It took a month or so. Some places report so fast it's unbelievable. I would never have believed it if I hadn't had it happen to me. My point is that you have to take charge of your credit and force thses compaines to do what's right by you. Good luck!
Reply:Supposedly it's updated every 30 days... but some companies report things much later... procrastination is alive and well.
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.
Also, a good resource is this one...
http://credit-report-free.totalh.com
Best regards.
Reply:absolutely, the reason they look at your credit report is to make sure you will be a reliable tenant. If they could only look at a portion of it they would not be able to make a reasonable decision. this goes for the majority of states in the united states. They may overlook some insignificant info such as car insurance payments before the age of 18, medical bills, or checking account overdrafts unless your credit score is really really low. But simply, when you "apply" to rent an apartment, or double, you sign a paper giving the owner of the property permission to look the information over, however your signature isn't even necessary. Even giving the landlord your name and expressing interest is enough legal grounds to look over your ENTIRE CREDIT REPORT if they choose
Reply:They'll get a full report, the same as anyone else would who's checking your credit. It wouldn't make sense for them to do a credit check but not be able to see everything on it. How could they judge whether you'll pay your bills or not, unless they can see the full record of whether you do?
Reply:Anything and everything. You have given him a release as part of the lease application process. Of course you don't have to give permission, but he doesn't have to rent to you either. He can rent to the next person who isn't trying to hide their background.
Reply:Uh.............yeah....... you give them permission to run a credit check.... and that's pulling your credit report. Most people overlook medical bills though....
Reply:The whole report.
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.
Also, a good resource is this one...
http://credit-report-free.totalh.com
Best regards.
Reply:absolutely, the reason they look at your credit report is to make sure you will be a reliable tenant. If they could only look at a portion of it they would not be able to make a reasonable decision. this goes for the majority of states in the united states. They may overlook some insignificant info such as car insurance payments before the age of 18, medical bills, or checking account overdrafts unless your credit score is really really low. But simply, when you "apply" to rent an apartment, or double, you sign a paper giving the owner of the property permission to look the information over, however your signature isn't even necessary. Even giving the landlord your name and expressing interest is enough legal grounds to look over your ENTIRE CREDIT REPORT if they choose
Reply:They'll get a full report, the same as anyone else would who's checking your credit. It wouldn't make sense for them to do a credit check but not be able to see everything on it. How could they judge whether you'll pay your bills or not, unless they can see the full record of whether you do?
Reply:Anything and everything. You have given him a release as part of the lease application process. Of course you don't have to give permission, but he doesn't have to rent to you either. He can rent to the next person who isn't trying to hide their background.
Reply:Uh.............yeah....... you give them permission to run a credit check.... and that's pulling your credit report. Most people overlook medical bills though....
Reply:The whole report.
When is a late mortgage payment reported on my credit report?
I have until the 16th to pay it on time. Will the bank report it right away or wait 30 days to put it on my credit report.
When is a late mortgage payment reported on my credit report?
after the 30th day
Reply:every late payment on your mortgage or other loans are reported after 30 days, if you late couple days- you will have to pay late fee.
Reply:It depends on the bank. Some will report a 30-day delinquency, otherwise won't. If you have a good relationship with your bank and have never been late, asking them in good faith to remove the notation would probably work.
Reply:Must be 30 days before its reported late. I assume your due date is the 1st? Pay by the 30th %26amp; you will not show late on credit bureaus, you will owe late charges though- usually after 15 days.
Reply:They report as 30, 60, 90 days late etc. but if you pay late continually they CAN and WILL report as "slow pay" on your credit reports.
Reply:Hey Max, do not EVER advise someone of that EVER again please. That is bad information. Every bank or servicer WILL report you late if you are 30 days late. i don't care what your relationship is.
If you are not making your mortgage payments on time, what kind of relationship do you think your bank will think you share with them.
Reply:Depending on the bank. Some do 60 days and some do 30 days. You really need to get the mortgage payment up-to-date ASAP
Reply:If you are not 30 days late they can not report you as such.
But if you pay it on the 16th you need to make sure that they have not assessed a late fee. Because if they did and you don't pay that before 30 days you can be reported as late.
tanning
When is a late mortgage payment reported on my credit report?
after the 30th day
Reply:every late payment on your mortgage or other loans are reported after 30 days, if you late couple days- you will have to pay late fee.
Reply:It depends on the bank. Some will report a 30-day delinquency, otherwise won't. If you have a good relationship with your bank and have never been late, asking them in good faith to remove the notation would probably work.
Reply:Must be 30 days before its reported late. I assume your due date is the 1st? Pay by the 30th %26amp; you will not show late on credit bureaus, you will owe late charges though- usually after 15 days.
Reply:They report as 30, 60, 90 days late etc. but if you pay late continually they CAN and WILL report as "slow pay" on your credit reports.
Reply:Hey Max, do not EVER advise someone of that EVER again please. That is bad information. Every bank or servicer WILL report you late if you are 30 days late. i don't care what your relationship is.
If you are not making your mortgage payments on time, what kind of relationship do you think your bank will think you share with them.
Reply:Depending on the bank. Some do 60 days and some do 30 days. You really need to get the mortgage payment up-to-date ASAP
Reply:If you are not 30 days late they can not report you as such.
But if you pay it on the 16th you need to make sure that they have not assessed a late fee. Because if they did and you don't pay that before 30 days you can be reported as late.
tanning
How does a auto lease show on a credit report?
When you lease a car, say for two years, do you finance the amount of the payments for the two years? Is that how it shows up on a credit report, as the lump sum of the two years or the full amount of the car?
How does a auto lease show on a credit report?
Each is a separate transaction, and will appear as such. If you make timely payments on your lease, (or do not), it will appear on your credit report. When the lease agreement reaches termination, you then enter a purchase/finance agreement, and the same concept applies.
Reply:Any type of agreement you make with a lender will appear on your credit report. Automobile leases and purchases are extremely bad for your credit INITIALLY, but, like any other purchase/lease agreement, if you continually make on-time payments, the longer you have the agreement in good standing the better.
How does a auto lease show on a credit report?
Each is a separate transaction, and will appear as such. If you make timely payments on your lease, (or do not), it will appear on your credit report. When the lease agreement reaches termination, you then enter a purchase/finance agreement, and the same concept applies.
Reply:Any type of agreement you make with a lender will appear on your credit report. Automobile leases and purchases are extremely bad for your credit INITIALLY, but, like any other purchase/lease agreement, if you continually make on-time payments, the longer you have the agreement in good standing the better.
Can I get a good faith estimate without credit report being pulled?
I do not want multple inquiries to my credit report.
Can I get a good faith estimate without credit report being pulled?
Yes, if the lender is willing to do so. However, the application is not complete without your credit and a lender would not be required to issue you a good faith estimate until they have a complete application. They need to know all your information to be accurate or make a "good faith" estimate. There is a lot of misinformation about inquires out there. You will find helpful information about the inquiries at www.genesiscreditgroup.com
Reply:yes you can they can jest put any thing it doesn't relate to your credit.
Reply:nope
Reply:Typically, a GFE is given to you (along with the Truth in Lending) no more than three days after a loan application approval. They cannot approve you w/o seeing your credit.
Lenders are able to run numbers for you to give you an idea, but bear in mind that it could be way different once they actually look at your credit.
Reply:Yes,I got many of them before my mortgage.... but it is a very loose estimate. They will probably give you rates based on good credit scores.. and then if they pull your credit and dont think its high enough your rates go up. Makre sure to tell the person what you think your credit score is, and have him base it off of what he thinks you will be approved for.
Can I get a good faith estimate without credit report being pulled?
Yes, if the lender is willing to do so. However, the application is not complete without your credit and a lender would not be required to issue you a good faith estimate until they have a complete application. They need to know all your information to be accurate or make a "good faith" estimate. There is a lot of misinformation about inquires out there. You will find helpful information about the inquiries at www.genesiscreditgroup.com
Reply:yes you can they can jest put any thing it doesn't relate to your credit.
Reply:nope
Reply:Typically, a GFE is given to you (along with the Truth in Lending) no more than three days after a loan application approval. They cannot approve you w/o seeing your credit.
Lenders are able to run numbers for you to give you an idea, but bear in mind that it could be way different once they actually look at your credit.
Reply:Yes,I got many of them before my mortgage.... but it is a very loose estimate. They will probably give you rates based on good credit scores.. and then if they pull your credit and dont think its high enough your rates go up. Makre sure to tell the person what you think your credit score is, and have him base it off of what he thinks you will be approved for.
Is is possible to legally remove negative information from your credit report?
I know there are websites out there that are scams and say they can get you a new credit report which is illegal, but I have also read that you can get the creditors to remove the negative marks. Is this true? Also, are there any free websites out there with legitimate information about repairing credit? I came across the Credit Secrets Bible and thought about buying it, just not sure if you could get the same info for free somewhere else.
Is is possible to legally remove negative information from your credit report?
The only way to remove correct information is through a pay for delete agreement which simply states that in return for your payment the creditor agrees to remove the account from your credit.
If they agree to this get it in writing before you pay them a dime.
Other then that there is no way to remove correct information except to wait for it to fall off in 7-years and 180-days per the Fair Credit Reporting Act.
Reply:You can dispute anything on your credit report and it is possible that it may get deleted. If the company fails to respond to the dispute, it will go away. If they do respond that it is correct, it will stay. Go to annualcreditreport.com and dispute away!
Reply:First try to get the creditors to remove the bad information. Some will be willing to work with you, others will not. The last thing banks want if for you to stop using their credit card. If the card is paid off but the account is still open you have a bargaining chip to work with. Once you close the account, all bargaining power is lost.
I have personally successfully done the following 3 things to clean up my and my wife's credit.
1) Got 2 of 3 banks to remove late payment information by paying off all due money and explaining that the Post Office failed to forward my mail when I left college. It helps that I was telling the truth.
2) I got the 3rd bank's negative information removed within 2 years. I closed the account and kept bugging the credit agencies. After the bank stopped reporting for a year, the credit agencies just removed the info since it wasn't being updated anymore.
3) I got a collection removed by offering to pay off the full debt only on the condition that the collection agency removed the negative information from the credit report and say as much in writing.
Note that the common thread is that I took responsibility for the debt and paid them in full. If you show that you are responsible then the banks and even collections agencies will be willing to work with you.
However, the collection agency was a little tougher. The debt has been sold so many times that I actually had to track the collection agency down before they found my wife. I had to hang up on them several times before they would play ball. I kept reminding them that I called them first and that I was willing to pay the debt in full but only under my conditions. They want the money so eventually they come around.
Reply:yes, you can remove it for free by contacting one of the credit bureau and all 3 will be removed
however...your negative info must be there for at least 7 years or so in order for them to do that.
Reply:Yes, there are some things you can get removed off of your credit report. However, only if you can prove that the negative entries are not yours at all. If the debt is yours, and it has caused a negative entry on your report, your stuck with it.
Reply:Creditors are the only ones who can remove items from your report
If its a valid debt they will keep it on there...if you pay it off they MIGHT take it off your report...but i seriously doubt that
If you see something on your report that doesn't belong to you then you dispute that item with the bureau...the bureau will contact that credit for proof of the debt. If they can't prove that debt it MUST be removed from your credit report. If they prove it's your debt then it will remain.
If a debt is on your report for more than 7 yrs then you may request for it to be removed
THere are no other options or choices on having things removed from your credit report......
Reply:If its legitimate info, it will have to age its way off. Don't fall for the "quick fix" credit repair scams.
Reply:Yes, but in general you can not do it yourself--you can only dispute it. You hit the nail on the head when you said 'you can get the creditors to remove the negative marks'. They can remove negative info but you have to convince them to do it--not an easy task.
Reply:The only way to remove negative information from your credit bureau is if it is there in ERROR! Otherwise, negative entries (chargeoffs, judgements, late payments, bankruptcies remain on your bureau for 7 years)
Is is possible to legally remove negative information from your credit report?
The only way to remove correct information is through a pay for delete agreement which simply states that in return for your payment the creditor agrees to remove the account from your credit.
If they agree to this get it in writing before you pay them a dime.
Other then that there is no way to remove correct information except to wait for it to fall off in 7-years and 180-days per the Fair Credit Reporting Act.
Reply:You can dispute anything on your credit report and it is possible that it may get deleted. If the company fails to respond to the dispute, it will go away. If they do respond that it is correct, it will stay. Go to annualcreditreport.com and dispute away!
Reply:First try to get the creditors to remove the bad information. Some will be willing to work with you, others will not. The last thing banks want if for you to stop using their credit card. If the card is paid off but the account is still open you have a bargaining chip to work with. Once you close the account, all bargaining power is lost.
I have personally successfully done the following 3 things to clean up my and my wife's credit.
1) Got 2 of 3 banks to remove late payment information by paying off all due money and explaining that the Post Office failed to forward my mail when I left college. It helps that I was telling the truth.
2) I got the 3rd bank's negative information removed within 2 years. I closed the account and kept bugging the credit agencies. After the bank stopped reporting for a year, the credit agencies just removed the info since it wasn't being updated anymore.
3) I got a collection removed by offering to pay off the full debt only on the condition that the collection agency removed the negative information from the credit report and say as much in writing.
Note that the common thread is that I took responsibility for the debt and paid them in full. If you show that you are responsible then the banks and even collections agencies will be willing to work with you.
However, the collection agency was a little tougher. The debt has been sold so many times that I actually had to track the collection agency down before they found my wife. I had to hang up on them several times before they would play ball. I kept reminding them that I called them first and that I was willing to pay the debt in full but only under my conditions. They want the money so eventually they come around.
Reply:yes, you can remove it for free by contacting one of the credit bureau and all 3 will be removed
however...your negative info must be there for at least 7 years or so in order for them to do that.
Reply:Yes, there are some things you can get removed off of your credit report. However, only if you can prove that the negative entries are not yours at all. If the debt is yours, and it has caused a negative entry on your report, your stuck with it.
Reply:Creditors are the only ones who can remove items from your report
If its a valid debt they will keep it on there...if you pay it off they MIGHT take it off your report...but i seriously doubt that
If you see something on your report that doesn't belong to you then you dispute that item with the bureau...the bureau will contact that credit for proof of the debt. If they can't prove that debt it MUST be removed from your credit report. If they prove it's your debt then it will remain.
If a debt is on your report for more than 7 yrs then you may request for it to be removed
THere are no other options or choices on having things removed from your credit report......
Reply:If its legitimate info, it will have to age its way off. Don't fall for the "quick fix" credit repair scams.
Reply:Yes, but in general you can not do it yourself--you can only dispute it. You hit the nail on the head when you said 'you can get the creditors to remove the negative marks'. They can remove negative info but you have to convince them to do it--not an easy task.
Reply:The only way to remove negative information from your credit bureau is if it is there in ERROR! Otherwise, negative entries (chargeoffs, judgements, late payments, bankruptcies remain on your bureau for 7 years)
Where can I go to actually get a FREE credit report?
They all say "free credit report" and as soon as you get to the last page of questions, they ask for your credit card.
I know there's a place some where because I did it once before. I could choose between three different companies. I just couldn't get my score.
Where can I go to actually get a FREE credit report?
www.annualcreditreport.com
This is the goverment mandated once yearly free credit report site.
and you don't have to choose which company, you can get all three free.. Equifax, Experian and Transunion. But you do not get a credit score, just the report details.
Do Not go to FreeCreditreport.com They enroll you in a credit monitoring program that has a monthly fee. The government made them put a disclaimer on the front page of their website. I will post its contents below.
"MPORTANT INFORMATION:
When you order your free report here, you will begin your free trial membership in Triple AdvantageSM Credit Monitoring. If you don't cancel your membership within the 30-day trial period, you will be billed $14.95 for each month that you continue your membership.
ConsumerInfo.com and Freecreditreport.com are not affiliated with the annual free credit report program. Under a new Federal law, you have the right to receive a free copy of your credit report once every 12 months from each of the three nationwide consumer reporting companies. To request your free annual report under that law, you must go to www.annualcreditreport.com"
Reply:www.freecreditreport.com
I did it a few years ago and didn't pay anything.
Reply:Equifax.com is one of the major ones that give it free once a year. I can't remember the other two I think one is TransUnion and ?
good luck
Reply:Exactly what the first answer said. You can check it once a year absolutely for free. No credit card required. It's the only one that I know of that doesn't ask for a credit card in exchange for some free trial period membership. Be leary of those. I signed up for them and more than once they charged me after I cancelled. I got my money back but it was just a pain.
Reply:# Equifax, Experian and TransUnion: These three credit reporting agencies determine the credit worthiness of people in USA by making credit ratings for them.
# Every person can receive one copy of credit report from each of the these credit reporting agencies absolutely free of cost.
# To obtain free credit reports, a person needs to log in to the website www.annualcreditreport.com. This is the federal law authorized source to get a free annual credit report.
# Individual credit reporting agencies viz. Experian, Equifax, TransUnion also provide credit report for a fees of about 10$ per report.
# If you have been denied a credit, you can apply for free credit report from these three credit rating agencies.
# The three different credit rating agencies maintain different credit reports and each one of them has to be obtained in order to get a comprehensive picture of your credit report.
# Credit report has 4 different parts: identifying information about the individual, credit history, public records, and inquiries made to the credit file. Read more from:http://www.credit-card-gallery.com/artic...
Reply:I just pulled mine last night from annualcredit report.com...go with the first answer, that one is the best...
Reply:try an automobile dealership..and make sure you get Transunion and Equifax..No one uses esperion..except freecredit report.com
Reply:The fact is nothing is actually free... though if you bank, your bank should actually be able to provide you with a credit report, free of charge. Remember that checking your credit gives it a hit and lowers your score slightly. Good luck.
Reply:If you have bank of America you can sign up for privacy assist premiere and they send you a free credit report for no charge. Just make sure you cancel within 30 days after because you they'll charge you if you don't cancel
Reply:annualcreditreport.com.....we all get one free every yr from all three credit bureaus :)
Reply:You're entitled to a copy of your credit report FREE, at least once a year from the credit reporting agencies themselves (Experian, etc.). You can call them or visit their websites to request a copy. You don't have to pay for your own info.
Reply:Equifax.com They will do it free for 30 days
floral
I know there's a place some where because I did it once before. I could choose between three different companies. I just couldn't get my score.
Where can I go to actually get a FREE credit report?
www.annualcreditreport.com
This is the goverment mandated once yearly free credit report site.
and you don't have to choose which company, you can get all three free.. Equifax, Experian and Transunion. But you do not get a credit score, just the report details.
Do Not go to FreeCreditreport.com They enroll you in a credit monitoring program that has a monthly fee. The government made them put a disclaimer on the front page of their website. I will post its contents below.
"MPORTANT INFORMATION:
When you order your free report here, you will begin your free trial membership in Triple AdvantageSM Credit Monitoring. If you don't cancel your membership within the 30-day trial period, you will be billed $14.95 for each month that you continue your membership.
ConsumerInfo.com and Freecreditreport.com are not affiliated with the annual free credit report program. Under a new Federal law, you have the right to receive a free copy of your credit report once every 12 months from each of the three nationwide consumer reporting companies. To request your free annual report under that law, you must go to www.annualcreditreport.com"
Reply:www.freecreditreport.com
I did it a few years ago and didn't pay anything.
Reply:Equifax.com is one of the major ones that give it free once a year. I can't remember the other two I think one is TransUnion and ?
good luck
Reply:Exactly what the first answer said. You can check it once a year absolutely for free. No credit card required. It's the only one that I know of that doesn't ask for a credit card in exchange for some free trial period membership. Be leary of those. I signed up for them and more than once they charged me after I cancelled. I got my money back but it was just a pain.
Reply:# Equifax, Experian and TransUnion: These three credit reporting agencies determine the credit worthiness of people in USA by making credit ratings for them.
# Every person can receive one copy of credit report from each of the these credit reporting agencies absolutely free of cost.
# To obtain free credit reports, a person needs to log in to the website www.annualcreditreport.com. This is the federal law authorized source to get a free annual credit report.
# Individual credit reporting agencies viz. Experian, Equifax, TransUnion also provide credit report for a fees of about 10$ per report.
# If you have been denied a credit, you can apply for free credit report from these three credit rating agencies.
# The three different credit rating agencies maintain different credit reports and each one of them has to be obtained in order to get a comprehensive picture of your credit report.
# Credit report has 4 different parts: identifying information about the individual, credit history, public records, and inquiries made to the credit file. Read more from:http://www.credit-card-gallery.com/artic...
Reply:I just pulled mine last night from annualcredit report.com...go with the first answer, that one is the best...
Reply:try an automobile dealership..and make sure you get Transunion and Equifax..No one uses esperion..except freecredit report.com
Reply:The fact is nothing is actually free... though if you bank, your bank should actually be able to provide you with a credit report, free of charge. Remember that checking your credit gives it a hit and lowers your score slightly. Good luck.
Reply:If you have bank of America you can sign up for privacy assist premiere and they send you a free credit report for no charge. Just make sure you cancel within 30 days after because you they'll charge you if you don't cancel
Reply:annualcreditreport.com.....we all get one free every yr from all three credit bureaus :)
Reply:You're entitled to a copy of your credit report FREE, at least once a year from the credit reporting agencies themselves (Experian, etc.). You can call them or visit their websites to request a copy. You don't have to pay for your own info.
Reply:Equifax.com They will do it free for 30 days
floral
How can my landlord put my good payment history on my credit report?
I live in North Carolina and have been renting a house for the last five years. I rent from a individual and this is the only rental property he has. I have always paid on time and would really like if he could put this on my credit report. He told me that he would do this for me if I found out how to do it.
How can my landlord put my good payment history on my credit report?
He can't. Your Credit report is the record of how you handle CREDIT - which is borrowed money. Not bills.
He can write you a letter outlining your good payment history which can be used in a loan application as "alternative credit", but you can't get it on your credit report.
Reply:PRBC can help. Not only your rent can be reported as good credit, but also your utilites, insurance, phone, cell phone, day care, and other recurring monthly bills that don't show on your traditional credit reports.
Up to 3 years of historical payments can be verified and reported as well as current and future payments can be made with the bill pay service that they feature with checkfree web
And if you've been paying rent and 3 monthly bills for the past 12 months, click here for a details ===%26gt;http://prbc.com/consumers/how/mortga...
Reply:He would have to contact one or more of the three major credit bureaus. Check out their websites to see how to go about putting something on someones credit.
Reply:www.prbc.com will help, good luck
How can my landlord put my good payment history on my credit report?
He can't. Your Credit report is the record of how you handle CREDIT - which is borrowed money. Not bills.
He can write you a letter outlining your good payment history which can be used in a loan application as "alternative credit", but you can't get it on your credit report.
Reply:PRBC can help. Not only your rent can be reported as good credit, but also your utilites, insurance, phone, cell phone, day care, and other recurring monthly bills that don't show on your traditional credit reports.
Up to 3 years of historical payments can be verified and reported as well as current and future payments can be made with the bill pay service that they feature with checkfree web
And if you've been paying rent and 3 monthly bills for the past 12 months, click here for a details ===%26gt;http://prbc.com/consumers/how/mortga...
Reply:He would have to contact one or more of the three major credit bureaus. Check out their websites to see how to go about putting something on someones credit.
Reply:www.prbc.com will help, good luck
How do I go about removing inquiries that are on my credit report?
Regular inquiries, inquiry analysis, promotional inquiries and account review inquiries. Does'nt this hurt my credit report? I appreciate if I can be lead in the right direction as in another area to try on this site.
How do I go about removing inquiries that are on my credit report?
You can't really get rid of inquiries.
The best way to prevent them is to stop applying for credit cards.
Reply:A "hard inquiry" is the only kind that affects your credit report, and you have to make sure you don't let that happen except when you want it to. A "soft inquiry" makes no difference, and ANY TIME you are giving agreement to anyone to check your credit, you need them to definitively answer the question - hard or soft inquiry. You should not have a hard inquiry unless you are making a major purchase like a car or appliance or a loan or line of financial credit or possibly a utility approving your line of credit. You can't remove them as far as I know unless you can prove fraud.
Reply:Inquiries are just that: inquiries but they do not affect your credit score but if it was an inquiry that you made a purchase for then it would. For example an inquiry from a Job or apartment would not affect you but an inquiry for a credit card or car loan that you got would show up.
Reply:You CAN'T remove inquiries on you credit report. Once they check your credit, they are there to stay for a bit. Yes, they pull your score down, however, they don't usually affect it by more that a few points.
Good Question though!
Reply:The promotional inquiries don't hurt you. Only the one's that YOU applied for, so the next time you're in a store that offers you 10% off of your purchase IF you apply for a credit card...DON'T! That 10% isn't worth it. If you get say, a Capital One 'pre-approved' credit card offer in the mail, the inquiry THEY made doesn't count against you, because you didn't request it.
Reply:not worth the effort, just keep your bills paid
Reply:I just did it this morning...for myself.
Inquiries stay for two years. They do lower your score....only way to help this is to get any that were pulled by one company in a 30 day span pushed together....I was on the phone with Bureau
this morn.
http://www.expert-credit-advice.com/free...
http://www.ftc.gov/credit/
http://www.experian.com/consumer/index.h...
try these...contact for more info. if ya need?
Reply:Go to a website CREDIT.com and they have suggestions for you .
Reply:Your credit report is not something YOU can edit. What is on there is on there for a reason and if we are talking bad credit ratings then these will eventually expire and then the onus is on you to contact the party who caused the note to be added to your report and ask them to strike it.
In the UK the period these "black marks" are on your record are (I think) 5 years. After that time I could apply to the creditor to have their note removed. Otherwise it may remain and no one be any the wiser.
How do I go about removing inquiries that are on my credit report?
You can't really get rid of inquiries.
The best way to prevent them is to stop applying for credit cards.
Reply:A "hard inquiry" is the only kind that affects your credit report, and you have to make sure you don't let that happen except when you want it to. A "soft inquiry" makes no difference, and ANY TIME you are giving agreement to anyone to check your credit, you need them to definitively answer the question - hard or soft inquiry. You should not have a hard inquiry unless you are making a major purchase like a car or appliance or a loan or line of financial credit or possibly a utility approving your line of credit. You can't remove them as far as I know unless you can prove fraud.
Reply:Inquiries are just that: inquiries but they do not affect your credit score but if it was an inquiry that you made a purchase for then it would. For example an inquiry from a Job or apartment would not affect you but an inquiry for a credit card or car loan that you got would show up.
Reply:You CAN'T remove inquiries on you credit report. Once they check your credit, they are there to stay for a bit. Yes, they pull your score down, however, they don't usually affect it by more that a few points.
Good Question though!
Reply:The promotional inquiries don't hurt you. Only the one's that YOU applied for, so the next time you're in a store that offers you 10% off of your purchase IF you apply for a credit card...DON'T! That 10% isn't worth it. If you get say, a Capital One 'pre-approved' credit card offer in the mail, the inquiry THEY made doesn't count against you, because you didn't request it.
Reply:not worth the effort, just keep your bills paid
Reply:I just did it this morning...for myself.
Inquiries stay for two years. They do lower your score....only way to help this is to get any that were pulled by one company in a 30 day span pushed together....I was on the phone with Bureau
this morn.
http://www.expert-credit-advice.com/free...
http://www.ftc.gov/credit/
http://www.experian.com/consumer/index.h...
try these...contact for more info. if ya need?
Reply:Go to a website CREDIT.com and they have suggestions for you .
Reply:Your credit report is not something YOU can edit. What is on there is on there for a reason and if we are talking bad credit ratings then these will eventually expire and then the onus is on you to contact the party who caused the note to be added to your report and ask them to strike it.
In the UK the period these "black marks" are on your record are (I think) 5 years. After that time I could apply to the creditor to have their note removed. Otherwise it may remain and no one be any the wiser.
4 mortgages on my credit report that were part of a morgage fraud scam. Can I get these removed from credit?
This has caused me to file bankruptcy which has been discharged. Can I dispute these and have removed from the credit report? The title company is out of business, the appraiser over-appraised the homes and the individuals are under investigation. How should I proceed?
4 mortgages on my credit report that were part of a morgage fraud scam. Can I get these removed from credit?
If you voluntarily participated as a strawman in the scheme, you can't get them removed...it will be 7-10 years before the items begin to roll off of your credit history.
I'm surprised you weren't charged with fraud as well.
Reply:I suspect there's more to the story than you state here.
Reply:Hi,
I used "Credit Solution" to settle my debt and avoid bankruptcy.They managed to reduce my debt up to 58%.I came across this company on NBC News Special Edition.Check it out here:
http://urlhawk.com/29x
4 mortgages on my credit report that were part of a morgage fraud scam. Can I get these removed from credit?
If you voluntarily participated as a strawman in the scheme, you can't get them removed...it will be 7-10 years before the items begin to roll off of your credit history.
I'm surprised you weren't charged with fraud as well.
Reply:I suspect there's more to the story than you state here.
Reply:Hi,
I used "Credit Solution" to settle my debt and avoid bankruptcy.They managed to reduce my debt up to 58%.I came across this company on NBC News Special Edition.Check it out here:
http://urlhawk.com/29x
How and or where can i get a soft credit report?
I dont want a hard credit report, so where can i look to find a report that will not effect my credit?? Thanks
How and or where can i get a soft credit report?
lol....you people crack me up. Hard pull, soft pull.
Building your credit score is the biggest joke of the 21st century.
If you pay as you go. If you live on less money than you make. you will not have any payments. You will have money and you will not have to worship at the alter of the almighty fico score.
Your playing right into the hands of credit card companies.
Reply:You can get a free copy of your credit report by calling or writing in if you have been denied credit. This does not show up as a hard pull your credit report.
If you use any of the free trial services for a copy of your free credit report or one of the monthly monitoring services, those do not show up as an increase in your credit report either, so therefore you can get your credit report and still have a soft pull and access all the information
purchase flowers
How and or where can i get a soft credit report?
lol....you people crack me up. Hard pull, soft pull.
Building your credit score is the biggest joke of the 21st century.
If you pay as you go. If you live on less money than you make. you will not have any payments. You will have money and you will not have to worship at the alter of the almighty fico score.
Your playing right into the hands of credit card companies.
Reply:You can get a free copy of your credit report by calling or writing in if you have been denied credit. This does not show up as a hard pull your credit report.
If you use any of the free trial services for a copy of your free credit report or one of the monthly monitoring services, those do not show up as an increase in your credit report either, so therefore you can get your credit report and still have a soft pull and access all the information
purchase flowers
Is it legal to remove items from your credit report?
I am getting a credit card but I want to remove something from credit report. Is it legal to remove items from your credit report?
Is it legal to remove items from your credit report?
Well, if it were even possible. You cant just take something out of your credit report.
Reply:you personally can't remove anything from your credit report. If there is something negative on your report that you want removed you need to contact the company that it's with and resolve the issue with them and try to get them to change it to reflect the positive resolution. otherwise you are stuck with it for years.
Reply:yes
Reply:It is legal to try. Sometimes it will work to appeal it but sometimes it doesn't. Keep appealing over and over and eventually some things go away but it takes time, even when the credit bureau or those who report to it make mistakes. It is hard to remove anything. Strangely enough it is harder to erase a mistake than it is to erase something that really wasn't a mistake but was negative. I'll take it anyway for all the times the mistake was theirs.
Keep trying. It doesn't hurt to keep asking. Sometimes it pays to hire a credit attorney. I did and in just one month, my credit rating rose more than 40 points on all three reporting agencies! Sometimes its worth it.
Reply:Can you??
Reply:I work for a finance company and we get consumer disputes all the time. The only way you can have something removed from your credit report is if you have it disputed from the company you want to have it removed from.
Like the debt was not yours, or you believe that it is fraudulent. Once you contact the 3 major credit bureaus they will then contact the company and they have so many days to fill out the form and if they don't comply within that time frame by law they have to permanently remove it from your credit report.
After so many years inactive things on your credit report fall off. Hope this helps a little bit.
Reply:let the rest of us know how to remove an item, because as far as I know you can't just remove it or even get it removed just on request alone ... they want proof from the company thats made the claim ... looking forward to the how you can do it part.
Reply:Yes in fact you can dispute items in question or attach an explanation. After 7 years all bad items {other than bankruptcy} fall off. Make sure you remove the item from all 3. You can not have correct information removed, however most places if you challenge the report will not have time or energy to research it and it falls off anyway. By law any disputed item must be removed if it can not be verified within 30 days. Be aware however the credit reporting agencies are vicious about their "information" and will not make it easy on you at all. remember their livelihood is based on information and they get paid big bucks to provide it, you are nothing to them!
Reply:Honey, if you "got it like that" and can or KNOWS someone who can do that-MORE POWER TO YA, BABY! GO FOR IT!! (...But "NO" it's NOT legal..)
Reply:If it's there in error than no.
Otherwise it's there for a reason and you will need to provide proof of re payment before anyone removes anything.
Is it legal to remove items from your credit report?
Well, if it were even possible. You cant just take something out of your credit report.
Reply:you personally can't remove anything from your credit report. If there is something negative on your report that you want removed you need to contact the company that it's with and resolve the issue with them and try to get them to change it to reflect the positive resolution. otherwise you are stuck with it for years.
Reply:yes
Reply:It is legal to try. Sometimes it will work to appeal it but sometimes it doesn't. Keep appealing over and over and eventually some things go away but it takes time, even when the credit bureau or those who report to it make mistakes. It is hard to remove anything. Strangely enough it is harder to erase a mistake than it is to erase something that really wasn't a mistake but was negative. I'll take it anyway for all the times the mistake was theirs.
Keep trying. It doesn't hurt to keep asking. Sometimes it pays to hire a credit attorney. I did and in just one month, my credit rating rose more than 40 points on all three reporting agencies! Sometimes its worth it.
Reply:Can you??
Reply:I work for a finance company and we get consumer disputes all the time. The only way you can have something removed from your credit report is if you have it disputed from the company you want to have it removed from.
Like the debt was not yours, or you believe that it is fraudulent. Once you contact the 3 major credit bureaus they will then contact the company and they have so many days to fill out the form and if they don't comply within that time frame by law they have to permanently remove it from your credit report.
After so many years inactive things on your credit report fall off. Hope this helps a little bit.
Reply:let the rest of us know how to remove an item, because as far as I know you can't just remove it or even get it removed just on request alone ... they want proof from the company thats made the claim ... looking forward to the how you can do it part.
Reply:Yes in fact you can dispute items in question or attach an explanation. After 7 years all bad items {other than bankruptcy} fall off. Make sure you remove the item from all 3. You can not have correct information removed, however most places if you challenge the report will not have time or energy to research it and it falls off anyway. By law any disputed item must be removed if it can not be verified within 30 days. Be aware however the credit reporting agencies are vicious about their "information" and will not make it easy on you at all. remember their livelihood is based on information and they get paid big bucks to provide it, you are nothing to them!
Reply:Honey, if you "got it like that" and can or KNOWS someone who can do that-MORE POWER TO YA, BABY! GO FOR IT!! (...But "NO" it's NOT legal..)
Reply:If it's there in error than no.
Otherwise it's there for a reason and you will need to provide proof of re payment before anyone removes anything.
Can the original debtor and a collection agency put the same information on your credit report?
Unfortunately, I allowed 3 credit cards to become delinquent, which were then charged off and apparently sold for collection. The original creditor and the collection agencies have posted these to my credit file. These 3 accounts have turned into 6 on my credit report. Is that legal? If not, how do I resolve this situation. I want to pay these but I also want to make sure these issues are settled, too. Any advice would be appreciated.
Can the original debtor and a collection agency put the same information on your credit report?
As someone who actually reads the laws and does a few minutes of research.....let me assure you it is NOT legal.
The only person who has the right to post to your account is the person with the legal right to collect it.
Just follow the dispute procedures, and send a letter to each of the creditors who are posting this on your account. Demand that they "validate" the debt.
That means they must supply you with proof that you have a legal obligation to pay them. If this debt were sold to a collection agency, then obviously the original creditor does NOT have that right, and they MUST remove it from your credit.
If it's not removed within the specified time period in the Fair Credit Reporting Act, you can easily sue them for $1000 plus court costs. It's a simple small claims suit.
Reply:It is legal. One probably shows the original creditor as the balance being charged off, and the collection agency shows the amount of the original debt. After 7 years, the original creditors will fall off of your report.............Sorry!
Reply:As to the legality, I am not sure. What I do know is that it happens quite frequently. I am a mortgage broker and I see dozens of credit reports each month. Double reporting seems to be the rule rather than the exception. Over the last 18 years, if I had to choose one overriding rule in credit repair, it would be to maintain communications with your creditors, including the collection agencies. Don't promise them anything that you cannot reasonably follow through on. Under promise, over perform. And keep your cool. It's easy to lose your temper with some of these agencies. Good luck!
Reply:Studly is right. You should dispute and ask for vailidation ASAP.
Can the original debtor and a collection agency put the same information on your credit report?
As someone who actually reads the laws and does a few minutes of research.....let me assure you it is NOT legal.
The only person who has the right to post to your account is the person with the legal right to collect it.
Just follow the dispute procedures, and send a letter to each of the creditors who are posting this on your account. Demand that they "validate" the debt.
That means they must supply you with proof that you have a legal obligation to pay them. If this debt were sold to a collection agency, then obviously the original creditor does NOT have that right, and they MUST remove it from your credit.
If it's not removed within the specified time period in the Fair Credit Reporting Act, you can easily sue them for $1000 plus court costs. It's a simple small claims suit.
Reply:It is legal. One probably shows the original creditor as the balance being charged off, and the collection agency shows the amount of the original debt. After 7 years, the original creditors will fall off of your report.............Sorry!
Reply:As to the legality, I am not sure. What I do know is that it happens quite frequently. I am a mortgage broker and I see dozens of credit reports each month. Double reporting seems to be the rule rather than the exception. Over the last 18 years, if I had to choose one overriding rule in credit repair, it would be to maintain communications with your creditors, including the collection agencies. Don't promise them anything that you cannot reasonably follow through on. Under promise, over perform. And keep your cool. It's easy to lose your temper with some of these agencies. Good luck!
Reply:Studly is right. You should dispute and ask for vailidation ASAP.
How soon can I ask for items be removed from my credit report?
I live in Nevada and would like to get some things that are on my credit report off of it. Some have been there for over 10 years.
How soon can I ask for items be removed from my credit report?
You can ask them at any time :) None of the accounts on your report is required to be listed at all. The federal law (FCRA) is designed to protect consumers from credit reporting agencies abuse and requires any negative item on your report to be removed after 7 years (10 years for BK chapter 7).
So, you do not need to ask them to remove it, you need to demand it (it is illegal for CRA to report outdated information)
Reply:go to www.annualcreditreport.com and DISPUTE these items!!
Reply:If a bk, it will take 10 years to get off. If not, then there are guidelines on how long they need to be there. Check the www.myfico.com site.
Reply:You can't dispute the length of time the bureaus maintain items on file; you can only dispute the accuracy of the item.
Reply:Some you can not take off unless errors. You will need to write letters to three credit bureau's experian, transunion and equifax. Look at their websites for address then you write your situation and they will consider taking it off. Sometimes you can also contact whatever creditor that is displaying the information to remove it too,
Reply:What I used to do is go to http://www.myfico.com and order all three credit reports. They include a service called Credit Scrub (or something like that) that allows you to automatically create a dispute letter (based on items you select as incorrect) for the bureaus. Once you send those in the agencies have 30 days to verify the validity of the item. If it is too old or not valid, it should be removed.
How soon can I ask for items be removed from my credit report?
You can ask them at any time :) None of the accounts on your report is required to be listed at all. The federal law (FCRA) is designed to protect consumers from credit reporting agencies abuse and requires any negative item on your report to be removed after 7 years (10 years for BK chapter 7).
So, you do not need to ask them to remove it, you need to demand it (it is illegal for CRA to report outdated information)
Reply:go to www.annualcreditreport.com and DISPUTE these items!!
Reply:If a bk, it will take 10 years to get off. If not, then there are guidelines on how long they need to be there. Check the www.myfico.com site.
Reply:You can't dispute the length of time the bureaus maintain items on file; you can only dispute the accuracy of the item.
Reply:Some you can not take off unless errors. You will need to write letters to three credit bureau's experian, transunion and equifax. Look at their websites for address then you write your situation and they will consider taking it off. Sometimes you can also contact whatever creditor that is displaying the information to remove it too,
Reply:What I used to do is go to http://www.myfico.com and order all three credit reports. They include a service called Credit Scrub (or something like that) that allows you to automatically create a dispute letter (based on items you select as incorrect) for the bureaus. Once you send those in the agencies have 30 days to verify the validity of the item. If it is too old or not valid, it should be removed.
How can I remove a paid off collection account from my credit report?
I am 22 years old and I have limited credit history beyond a single revolving credit card account ($4k limit). I just graduated University and accepted a job that required 6 months overseas. When I returned to the United States, there was an outstanding medical bill in my mailbox (from my visit to the dr for immunizations before i left) - that my company would have reimbursed - DOH! Although I realized it may have been sent to collections already, I paid the balance (~$100) immediately. The collections account on my credit report now indicates that it has been paid but due to my limited credit history, I have been getting turned down for certain benefits such as overdraft protection because of it (and how recently it occured). How can I have this collection account removed from my record?
I would be grateful for any advice. I just moved across the country and the cumulative impact of this is significant. Thanks!
How can I remove a paid off collection account from my credit report?
You could ask the collection agency to remove the trade line since you had paid it. But your leverage is gone, so they probably won't.
Order your paid reports from the CRA's. Don't use a tri-merge report.
Dispute any old and outdated information in the personal section on the reports. If you live at a different address now than when you had when you incurred the bill, the trade line "might" fall off if the CRA's delete the old address.
If the trade line remains, look it over for "any" inaccurate information. If there is any inaccuracies being reported, dispute them
Since it had been paid, the collection agency may not verify and it may be deleted.
If the collection agency does verify but does not correct the inccurate info, dispute it again.
If they verify again, file complaints with the BBB, FTC, the AG in your and in the collection agency's state.
Then dispute with the CRA's again.
Sometimes things may fall off easy, sometimes it's a hard road and then sometimes you are just stuck with it for the rest of the reporting period. (with medical, the reporting SOL is 7 years from the date of service)
You should do some reading in the FCRA to see what constitutes violations. Also, you should do some reading in the FDCPA. Click on my profile and use the links I have provided.
Reply:It stays.
You need to finance a few small purchases and make afew payments to build it up.
Reply:You may dispute the account with the 3 major credit reporting
agencies. Give in detail what happened and not to forget
to indicate that the insurance co is responsible for the
balance. Also, you may need to have proof that you were
covered at the time of the delinqency. If the account is
disputed it will be indicated on your credit report which may
help with other creditors viewing and positive decision
making.
Reply:You're pretty much screwed right now.
BEFORE you paid off the debt you should have negotiated a "pay for deletion" in writing. That means you pay and they delete your tradeline.
Like another poster said, all your leverage is gone. The collection agency will most likely keep reporting it (because they're all pricks) and if you do try and dispute it with the credit reporting agencies they'll just validate it without actually validating it.
Reply:You can make a comment about it on your credit report. I don't know if it will do any good, but when companies see your credit report, they will also see the explanation. You would contact each of the 3 credit reporting agencies to do that. Or you could ask the company that is reporting it to change the report.
Good luck.
fruit gift baskets
I would be grateful for any advice. I just moved across the country and the cumulative impact of this is significant. Thanks!
How can I remove a paid off collection account from my credit report?
You could ask the collection agency to remove the trade line since you had paid it. But your leverage is gone, so they probably won't.
Order your paid reports from the CRA's. Don't use a tri-merge report.
Dispute any old and outdated information in the personal section on the reports. If you live at a different address now than when you had when you incurred the bill, the trade line "might" fall off if the CRA's delete the old address.
If the trade line remains, look it over for "any" inaccurate information. If there is any inaccuracies being reported, dispute them
Since it had been paid, the collection agency may not verify and it may be deleted.
If the collection agency does verify but does not correct the inccurate info, dispute it again.
If they verify again, file complaints with the BBB, FTC, the AG in your and in the collection agency's state.
Then dispute with the CRA's again.
Sometimes things may fall off easy, sometimes it's a hard road and then sometimes you are just stuck with it for the rest of the reporting period. (with medical, the reporting SOL is 7 years from the date of service)
You should do some reading in the FCRA to see what constitutes violations. Also, you should do some reading in the FDCPA. Click on my profile and use the links I have provided.
Reply:It stays.
You need to finance a few small purchases and make afew payments to build it up.
Reply:You may dispute the account with the 3 major credit reporting
agencies. Give in detail what happened and not to forget
to indicate that the insurance co is responsible for the
balance. Also, you may need to have proof that you were
covered at the time of the delinqency. If the account is
disputed it will be indicated on your credit report which may
help with other creditors viewing and positive decision
making.
Reply:You're pretty much screwed right now.
BEFORE you paid off the debt you should have negotiated a "pay for deletion" in writing. That means you pay and they delete your tradeline.
Like another poster said, all your leverage is gone. The collection agency will most likely keep reporting it (because they're all pricks) and if you do try and dispute it with the credit reporting agencies they'll just validate it without actually validating it.
Reply:You can make a comment about it on your credit report. I don't know if it will do any good, but when companies see your credit report, they will also see the explanation. You would contact each of the 3 credit reporting agencies to do that. Or you could ask the company that is reporting it to change the report.
Good luck.
fruit gift baskets
Are collectors required to report debts to the credit bureaus?
I just found a 4 year old bill from a collection agency in some of my papers. Thing is I pulled my credit report from all three bureaus yesterday and it wasn't on there. I would think it would be there by now.
Are the collectors not required to report debts or could it be that they aren't bothering because it would only sit on the reports for 2 years at this point?
I do owe the money. It's from an old phone bill.
I haven't received anything else from them since '03. Should I even bother contacting them or just ride it out and hope it doesn't show up on the credit report?
Are collectors required to report debts to the credit bureaus?
Actually negatives can sit on your credit report for 7 years. It would sit another 3 years not 2.
Morally, you owe the bill and should pay it. However if you contact that collection company from 4 years ago, they probably no longer own your debt. It's probably been sold a couple times. You many never hear from anyone.
Reply:that is very strange that it is not on there. I would play the cards and not worry about it at this point! Good Luck!
Reply:only you can answer your questions based on your own sense of ethics and morals. that is not to be snide at all just fact. because someone will pay the bill eventually, and that is eveyone else.
Reply:They aren't required to report it, but they usually do. In your case, I wouldn't be surprised if the original company sold your debt to a third party collector, again, and started collection all over. Paying the debt is the best bet because it will probably come up again when you least expect it.
Reply:No , but if they have a brain , they report debts anyway .
%26gt;
Are the collectors not required to report debts or could it be that they aren't bothering because it would only sit on the reports for 2 years at this point?
I do owe the money. It's from an old phone bill.
I haven't received anything else from them since '03. Should I even bother contacting them or just ride it out and hope it doesn't show up on the credit report?
Are collectors required to report debts to the credit bureaus?
Actually negatives can sit on your credit report for 7 years. It would sit another 3 years not 2.
Morally, you owe the bill and should pay it. However if you contact that collection company from 4 years ago, they probably no longer own your debt. It's probably been sold a couple times. You many never hear from anyone.
Reply:that is very strange that it is not on there. I would play the cards and not worry about it at this point! Good Luck!
Reply:only you can answer your questions based on your own sense of ethics and morals. that is not to be snide at all just fact. because someone will pay the bill eventually, and that is eveyone else.
Reply:They aren't required to report it, but they usually do. In your case, I wouldn't be surprised if the original company sold your debt to a third party collector, again, and started collection all over. Paying the debt is the best bet because it will probably come up again when you least expect it.
Reply:No , but if they have a brain , they report debts anyway .
%26gt;
How can you fix bad credit, can you wait it out until it disappears off your credit report?
I've heard bad stuff goes off your credit report after 7 years, so can you wait it out and have decent credit again after 7 years? Anyone know how that works or what to do to fix it?
How can you fix bad credit, can you wait it out until it disappears off your credit report?
DaMan's answer is absolutely correct.
The only thing I could add is to dispute all of the negative items on your credit history. The Credit Reporting Agency is required to investigate all disputes. If the creditor fails to respond to a dispute investigation the item is deleted automatically. Other then that, it stays on your history.
But by doing the other things that DaMan mentions, your credit will start showing improvements fairly soon. Not great, but it will help.
Reply:I was lucky enough to have a friend on the inside that removed it for me.
Reply:It will take 7 years to disappear from your cr report
How to Clean Up Credit Report
http://www.debt-loan-refinance-mortgage-...
Reply:NO! it does not disappears although it will be marked as "charge off" but will always show in your credit report. Charge off means...you could not make all payment therefore debtors close your account. this will never be remove from your credit report, the only way you can fix your credit is to restablish it by applying for small amount of loans and paying them back with no lates..its called "paid satisfaction". each time you apply for any credit cards and you pay each one on time with no lates it will show a mark that looks like this "11111111111" these marks means you have paid on timely manner and this will overide your previous charge offs...these are called "your trade lines" you need atleast 4 goo standing tradelines to get your fico score back up. Lenders will not hold you irrisponsible if they see that your stablishing good standing on your current debtors.
Reply:Generally it's 7 years. It will effect your credit score, especially if it is a complete write off.
Ways to improve your score: First pay down your debts, especially unsecured debt (like credit cards). If a reporting agency sees that all your credit cards are near their max, it will effect your credit score. Second, make sure you make payments ON TIME. Having a long time arrangement with a creditor without late payments will increase your score.
ANother way is, if the debt is disputable, dispute it. Disputable items are taken off until the issue is resolved.
Reply:Yes, I have done it.
The best way to fix bad credit is:
1) Commit to buying things you need (not thing you want, or things you THINK you might need later) and sticking to this commitment.
a) You might need a car, but you don't need a Mustang -- and you sure as hell don't need a 2006 vehicle (with bad credit) when there is somewhere out there who has paid most of the depreciation on what was once a "brand new" car.
2) Wait out the 7 year time horizon by paying all bills on time WITHOUT EXCEPTION and when you have constructive knowledge of circumstances that prevent you from paying your obligations -- call your creditors immediately to arrange a work-out agreement.
3) Develop a reasonable budget to control your flow of income and expense and stick to the budget religiously. Actually, budgets can tremendously ease your daily financial decisions by letting you see why you can't loan family money or buy your child an Xbox. Nothing from nothing --- leaves nothing!
and finally. . .
Please realize that if you have debts that you have no intention of paying, but would like to "wait out" -- you must realize that this sword cuts both ways.
You have rights and so do the creditors!
Your creditors could conceivably file a civil suit against you for the amount you owe before the statute of limitations expires on the debt you owe.
So, in accordance with Section 605 of the Fair Credit Reporting Act, the old debt will drop from your credit report 7 years from when it was first reported delinquent.
HOWEVER, the court judgment, should the creditor(s) prevail, will remain on your credit report for SEVEN years as well.
So, if you duck the debt, you face the likelihood that a judgment could be obtained against you and you will have to wait another 7 years to get THAT JUDGMENT removed from your credit report!
Lovely world, isn't it?
Reply:I thought the 7 year rule was for bankruptcy, it takes 7 years for that note on your credit to disappear. You can actually repair bad credit in a matter of months if you have some form of credit that you can keep up with. If you have 1 credit card and a terrible rating, that's all you need - pay the card down to $20 and charge a new $20 each month and pay $20 each month. The problem is if you close all your cards, then you have no way to rebuild.
How can you fix bad credit, can you wait it out until it disappears off your credit report?
DaMan's answer is absolutely correct.
The only thing I could add is to dispute all of the negative items on your credit history. The Credit Reporting Agency is required to investigate all disputes. If the creditor fails to respond to a dispute investigation the item is deleted automatically. Other then that, it stays on your history.
But by doing the other things that DaMan mentions, your credit will start showing improvements fairly soon. Not great, but it will help.
Reply:I was lucky enough to have a friend on the inside that removed it for me.
Reply:It will take 7 years to disappear from your cr report
How to Clean Up Credit Report
http://www.debt-loan-refinance-mortgage-...
Reply:NO! it does not disappears although it will be marked as "charge off" but will always show in your credit report. Charge off means...you could not make all payment therefore debtors close your account. this will never be remove from your credit report, the only way you can fix your credit is to restablish it by applying for small amount of loans and paying them back with no lates..its called "paid satisfaction". each time you apply for any credit cards and you pay each one on time with no lates it will show a mark that looks like this "11111111111" these marks means you have paid on timely manner and this will overide your previous charge offs...these are called "your trade lines" you need atleast 4 goo standing tradelines to get your fico score back up. Lenders will not hold you irrisponsible if they see that your stablishing good standing on your current debtors.
Reply:Generally it's 7 years. It will effect your credit score, especially if it is a complete write off.
Ways to improve your score: First pay down your debts, especially unsecured debt (like credit cards). If a reporting agency sees that all your credit cards are near their max, it will effect your credit score. Second, make sure you make payments ON TIME. Having a long time arrangement with a creditor without late payments will increase your score.
ANother way is, if the debt is disputable, dispute it. Disputable items are taken off until the issue is resolved.
Reply:Yes, I have done it.
The best way to fix bad credit is:
1) Commit to buying things you need (not thing you want, or things you THINK you might need later) and sticking to this commitment.
a) You might need a car, but you don't need a Mustang -- and you sure as hell don't need a 2006 vehicle (with bad credit) when there is somewhere out there who has paid most of the depreciation on what was once a "brand new" car.
2) Wait out the 7 year time horizon by paying all bills on time WITHOUT EXCEPTION and when you have constructive knowledge of circumstances that prevent you from paying your obligations -- call your creditors immediately to arrange a work-out agreement.
3) Develop a reasonable budget to control your flow of income and expense and stick to the budget religiously. Actually, budgets can tremendously ease your daily financial decisions by letting you see why you can't loan family money or buy your child an Xbox. Nothing from nothing --- leaves nothing!
and finally. . .
Please realize that if you have debts that you have no intention of paying, but would like to "wait out" -- you must realize that this sword cuts both ways.
You have rights and so do the creditors!
Your creditors could conceivably file a civil suit against you for the amount you owe before the statute of limitations expires on the debt you owe.
So, in accordance with Section 605 of the Fair Credit Reporting Act, the old debt will drop from your credit report 7 years from when it was first reported delinquent.
HOWEVER, the court judgment, should the creditor(s) prevail, will remain on your credit report for SEVEN years as well.
So, if you duck the debt, you face the likelihood that a judgment could be obtained against you and you will have to wait another 7 years to get THAT JUDGMENT removed from your credit report!
Lovely world, isn't it?
Reply:I thought the 7 year rule was for bankruptcy, it takes 7 years for that note on your credit to disappear. You can actually repair bad credit in a matter of months if you have some form of credit that you can keep up with. If you have 1 credit card and a terrible rating, that's all you need - pay the card down to $20 and charge a new $20 each month and pay $20 each month. The problem is if you close all your cards, then you have no way to rebuild.
How long does it take for charge offs to be removed from a credit report?
When I was young and naive, I had 10 credit cards. Half of them I paid off, but the other half were sent to collections where they have been languishing. While in collections, they have been accumulating more debt due to late fees and other assorted nonsense (some collection agencies have added twice what the original credit limit was). I attempted to start paying them off 4 years ago but found I wasn't getting anywhere. Although this is not the right thing to do, it is my understanding if you don't pay for a certain number of years (determined by each state), these blips on your credit report disappear. I would like to start paying off the companies directly, but the collection agencies make that impossible. Is the myth that these things get magically erased from your credit report true or am I in big trouble?
How long does it take for charge offs to be removed from a credit report?
Keep in mind the statute of limitations for each state is different than the reporting period (for your credit report). For example, the sol might be 4 years in your state, but the reporting period is still 7.
Whatever you do, don't pay them! Charge offs that old will do nothing for your credit, paid or not. Let them fall off. If they haven't come after you by now, they probably won't.
Reply:For you and for anyone that is going to stop paying on a credit card a little piece of advice...
Notify the company in writing, return receipt requested (ask at the post office because that will be your proof), that you are closing the account as of that date. That will stop any more charges being added to your account such as interest and late fees.
Reply:They will eventually be removed from your credit report, the maximum time is 7 1/2 years, some states is as short as 4 years.
Reply:7 years
Reply:Gerrygoll is totaly in correct stating it could be resold. After your debt get charged off it falls off 7 years. Now lets say a new collection agency buys it and resets the clock, dispute it if they do not get it off they broke the law. You could then sue them
How long does it take for charge offs to be removed from a credit report?
Keep in mind the statute of limitations for each state is different than the reporting period (for your credit report). For example, the sol might be 4 years in your state, but the reporting period is still 7.
Whatever you do, don't pay them! Charge offs that old will do nothing for your credit, paid or not. Let them fall off. If they haven't come after you by now, they probably won't.
Reply:For you and for anyone that is going to stop paying on a credit card a little piece of advice...
Notify the company in writing, return receipt requested (ask at the post office because that will be your proof), that you are closing the account as of that date. That will stop any more charges being added to your account such as interest and late fees.
Reply:They will eventually be removed from your credit report, the maximum time is 7 1/2 years, some states is as short as 4 years.
Reply:7 years
Reply:Gerrygoll is totaly in correct stating it could be resold. After your debt get charged off it falls off 7 years. Now lets say a new collection agency buys it and resets the clock, dispute it if they do not get it off they broke the law. You could then sue them
How do I find out statute of limitations using credit report?
I looked every where on the web, but none can give me the answer i'm looking for. I have purchased a credit report, but having hard time using it to determine statue of limitation from it.
I narrow it down to two fields:
Last reported: The last date the account was updated by the creditor
History Date: Date at which current history begins.
Keep in mind that the chart only shows 24 month history.
So how I determine the SOL??
Thanks
How do I find out statute of limitations using credit report?
Here is a good list of statute of limitations:
http://www.creditinfocenter.com/rebuild/...
Usually for most debts it is based on the last date paid, but it can varry, and it also depends on what state you live in, but this site addresses that as well.
Reply:There is NO SOL on debt. It comes off your credit report 7 years after last activity, but that doesn't mean you don't owe it any more. That myth is everywhere...why I don't know.
SOL's refer to crimes, not debt.
Reply:It is actually neither of those fields. The statute of limitations begins on date of the first delinquency. Depending on how old the debt is, this date may or may not show up on the report.
So for example if you had a payment due on 2/2007 but failed to make it, then 2/2007 is the date of the first delinquency.
The date last reported is the date that the company last updated information on the listing. This will change every time they update it. The History date is just that, it is the date that the history began on the listing.
Reply:The Statute Of Limitations and your credit report are totally different from one another and has nothing to do with the length of time debt can stay on your credit report.
The law states: A consumer reporting company can report most accurate negative information for seven years and bankruptcy information for 10 years. There is no time limit on reporting information about criminal convictions; information reported in response to your application for a job that pays more than $75,000 a year; and information reported because you've applied for more than $150,000 worth of credit or life insurance. Information about a lawsuit or an unpaid judgment against you can be reported for seven years or until the statute of limitations runs out, whichever is longer.
ginkgo
I narrow it down to two fields:
Last reported: The last date the account was updated by the creditor
History Date: Date at which current history begins.
Keep in mind that the chart only shows 24 month history.
So how I determine the SOL??
Thanks
How do I find out statute of limitations using credit report?
Here is a good list of statute of limitations:
http://www.creditinfocenter.com/rebuild/...
Usually for most debts it is based on the last date paid, but it can varry, and it also depends on what state you live in, but this site addresses that as well.
Reply:There is NO SOL on debt. It comes off your credit report 7 years after last activity, but that doesn't mean you don't owe it any more. That myth is everywhere...why I don't know.
SOL's refer to crimes, not debt.
Reply:It is actually neither of those fields. The statute of limitations begins on date of the first delinquency. Depending on how old the debt is, this date may or may not show up on the report.
So for example if you had a payment due on 2/2007 but failed to make it, then 2/2007 is the date of the first delinquency.
The date last reported is the date that the company last updated information on the listing. This will change every time they update it. The History date is just that, it is the date that the history began on the listing.
Reply:The Statute Of Limitations and your credit report are totally different from one another and has nothing to do with the length of time debt can stay on your credit report.
The law states: A consumer reporting company can report most accurate negative information for seven years and bankruptcy information for 10 years. There is no time limit on reporting information about criminal convictions; information reported in response to your application for a job that pays more than $75,000 a year; and information reported because you've applied for more than $150,000 worth of credit or life insurance. Information about a lawsuit or an unpaid judgment against you can be reported for seven years or until the statute of limitations runs out, whichever is longer.
ginkgo
What's the quickest way to contact companies listed on your credit report?
I have the worst credit in the world and have about a year to clean it up. I want to pay off the bills. How do I contact the companies listed in the report?
What's the quickest way to contact companies listed on your credit report?
usually the credit report has the number listed. If not, check your old bills.
However, when you are resolving problems on the credit report, do everything in writing.
There are several good books available that explain how to fix your credit report (go to your library). There are no quick fixes, so don't fall for that.
The first thing you need to do is review the credit report and see if there are any errors. If so, start to correct them in writing.
Next write down each problem and set up a file for each. Start going thru your files and put together the back up for each problem. Keep records of call (person you spoke with and date/time) in each file.
If you have judgements and they need to be paid off, contact the company/person directly and see if you can work out a better deal. You should be able to lower the amount owed if you pay them. Always pay by check and write on the rear of the check: by depositing this check, all parties agree that the debt owed to __________ is paid in full and fully resolved.
Reply:Normally on your report there will be an address listed. I suggest you contact them in writing so that you have a solid paper trail in case you need it. If you're really ready to work on your credit visit creditboards.com this website has really helped me in fixing up my credit.
Reply:Go online and find their addresses, contact them only by mail and make sure it is return receipt so you have proof that they got it. Make sure you get a payoff amount in writing and correspond by mail only. Good luck!
What's the quickest way to contact companies listed on your credit report?
usually the credit report has the number listed. If not, check your old bills.
However, when you are resolving problems on the credit report, do everything in writing.
There are several good books available that explain how to fix your credit report (go to your library). There are no quick fixes, so don't fall for that.
The first thing you need to do is review the credit report and see if there are any errors. If so, start to correct them in writing.
Next write down each problem and set up a file for each. Start going thru your files and put together the back up for each problem. Keep records of call (person you spoke with and date/time) in each file.
If you have judgements and they need to be paid off, contact the company/person directly and see if you can work out a better deal. You should be able to lower the amount owed if you pay them. Always pay by check and write on the rear of the check: by depositing this check, all parties agree that the debt owed to __________ is paid in full and fully resolved.
Reply:Normally on your report there will be an address listed. I suggest you contact them in writing so that you have a solid paper trail in case you need it. If you're really ready to work on your credit visit creditboards.com this website has really helped me in fixing up my credit.
Reply:Go online and find their addresses, contact them only by mail and make sure it is return receipt so you have proof that they got it. Make sure you get a payoff amount in writing and correspond by mail only. Good luck!
I would like a finacial advisor to assist me in repairing my credit report and to try clear?
I would like to know if there are any people who assist people in repairing or fixing their credit report. There are financial advisors who assist with finaicial investments for your future but that is not who I am looking for. I am looking for an expert willing to assist in repairing or trying to assist in clearing or repairing a persons credit rating. I need advise on how to go about it also i would like to know what is in my credit report.
I would like a finacial advisor to assist me in repairing my credit report and to try clear?
I'm one of the investing financial advisors who you don't want to talk to yet. But I've also done some credit work in the past, and I know who you are looking for. Be very careful, because there are a lot of crooks out there who sell fake credit repair packages. The best place for you to go is to a non-profit credit counseling organization. They can help explain all the issues. Sadly, there truly ISN'T a quick and easy repair that you can make, but there are steps you can take that will gradually improve your credit over time. If you handle things right, once your bad times are far enough in the past, it will be like you never did anything wrong.
Reply:first of all, you need to have a budget, go to microsoft.com and get an exel template for a budget and list down all your expenses and your income to see where you are at. Then you need to make sacrifices. Call, your credit card company and ask if they can lower your finance rate, most of the time they will lower it to no financing. Credit card company's want your business and will help you out in anyway. you need to cut down on speding.
Pay your bills on time, and try paying more than the minimum amount.
Reply:I found a solution that worked for me. It might work for you too.
I had some pretty serious credit problems…some were not my fault and, I guess, a few were. I listened to the so-called “experts” who said they could fix my credit report and I spent money I didn’t have. I didn’t have any luck trying to get my credit report fixed.
I remember paying for the services that these Credit Repair Companies had to offer. The companies told me that they could have negative items removed from my credit reports without any problem, Yeah, right. This did not happen at all. Most of the companies wanted to charge me a set up fee anywhere from $39 to $299 for their services. Not only did they charge this set up fee, most of them also wanted to charge me from $29 to $49 monthly while they “attempted” to repair my credit report. These companies offered no guarantee that their services would actually work and, believe me, they didn’t.
I was about ready to give up when I found a lady who had been through the same thing and who had found a solution. She figured out how get all the negative items removed from her credit report within 3 months without paying anyone a penny. She developed a fast, easy, step-by-step process that she guarantees will work for everyone. She sells the complete plan with all the help and instructions for $47.00.
I know what you are thinking…”another $47 down the drain,” and that’s kind of what I was thinking too. But, I figured that since she offers a 100% money back guarantee I had nothing to lose.
Well, I tried it and it was amazing. I got all of the negative items removed from my credit report and my credit score went from 553 to 715 in only 3 months. All I can say is that it worked great for me. I suggest you check it out. You can always get your money back if it doesn’t work for you. If it works even half as well for you as it did for me you will never even think about asking for a refund.
The information is on this site: http://clean-credit-secrets.com/
I would like a finacial advisor to assist me in repairing my credit report and to try clear?
I'm one of the investing financial advisors who you don't want to talk to yet. But I've also done some credit work in the past, and I know who you are looking for. Be very careful, because there are a lot of crooks out there who sell fake credit repair packages. The best place for you to go is to a non-profit credit counseling organization. They can help explain all the issues. Sadly, there truly ISN'T a quick and easy repair that you can make, but there are steps you can take that will gradually improve your credit over time. If you handle things right, once your bad times are far enough in the past, it will be like you never did anything wrong.
Reply:first of all, you need to have a budget, go to microsoft.com and get an exel template for a budget and list down all your expenses and your income to see where you are at. Then you need to make sacrifices. Call, your credit card company and ask if they can lower your finance rate, most of the time they will lower it to no financing. Credit card company's want your business and will help you out in anyway. you need to cut down on speding.
Pay your bills on time, and try paying more than the minimum amount.
Reply:I found a solution that worked for me. It might work for you too.
I had some pretty serious credit problems…some were not my fault and, I guess, a few were. I listened to the so-called “experts” who said they could fix my credit report and I spent money I didn’t have. I didn’t have any luck trying to get my credit report fixed.
I remember paying for the services that these Credit Repair Companies had to offer. The companies told me that they could have negative items removed from my credit reports without any problem, Yeah, right. This did not happen at all. Most of the companies wanted to charge me a set up fee anywhere from $39 to $299 for their services. Not only did they charge this set up fee, most of them also wanted to charge me from $29 to $49 monthly while they “attempted” to repair my credit report. These companies offered no guarantee that their services would actually work and, believe me, they didn’t.
I was about ready to give up when I found a lady who had been through the same thing and who had found a solution. She figured out how get all the negative items removed from her credit report within 3 months without paying anyone a penny. She developed a fast, easy, step-by-step process that she guarantees will work for everyone. She sells the complete plan with all the help and instructions for $47.00.
I know what you are thinking…”another $47 down the drain,” and that’s kind of what I was thinking too. But, I figured that since she offers a 100% money back guarantee I had nothing to lose.
Well, I tried it and it was amazing. I got all of the negative items removed from my credit report and my credit score went from 553 to 715 in only 3 months. All I can say is that it worked great for me. I suggest you check it out. You can always get your money back if it doesn’t work for you. If it works even half as well for you as it did for me you will never even think about asking for a refund.
The information is on this site: http://clean-credit-secrets.com/
How long does it take for a new credit account to showup on my credit report?
I was wondering when a credit card, line of credit, personal loan, auto loan, mortgage loan, etc., show up on a credit report. Does it show up instantly, a few days, at the beginning of the next month?
How long does it take for a new credit account to showup on my credit report?
30-60 days. Check with all three credit checking companies, Transunion, Equifax (?), and one other one I can't remember.
This site also provide some tips about this -
http://buildcredit.ifastnet.com
Hope that helps.
Reply:Brad Z, Try getting an online auto loan quote. http://www.simpleautoquotes.com/Auto-Loa... The automated form will give you results based on your credit and financial situation. It will only take a few minutes.
How long does it take for a new credit account to showup on my credit report?
30-60 days. Check with all three credit checking companies, Transunion, Equifax (?), and one other one I can't remember.
This site also provide some tips about this -
http://buildcredit.ifastnet.com
Hope that helps.
Reply:Brad Z, Try getting an online auto loan quote. http://www.simpleautoquotes.com/Auto-Loa... The automated form will give you results based on your credit and financial situation. It will only take a few minutes.
Why does my credit report contain 3 scores? and which one is actually used?
I am new to credit and stuff and I recently checked my credit report and saw three different scores. So which one do credit agencies use?
Why does my credit report contain 3 scores? and which one is actually used?
It just depends on which company you are trying to receive credit from some places only check with one of the three bureaus some check all the scores the most commonly checked bureau that lenders go off of is experian
Reply:When they pull your credit they check all 3 of them but they usually go by the higher one.They check : Trans Union, Experian, Equifax.
azalea tree
Why does my credit report contain 3 scores? and which one is actually used?
It just depends on which company you are trying to receive credit from some places only check with one of the three bureaus some check all the scores the most commonly checked bureau that lenders go off of is experian
Reply:When they pull your credit they check all 3 of them but they usually go by the higher one.They check : Trans Union, Experian, Equifax.
azalea tree
How can I get paid off debits off my credit report?
Is it even possible? I have numerious small ones from bills and stupid stuff in my life three years ago. (Even one from the local libarary, go figure.) It's all been paid, but lingers there on my credit report. Do they still negativly impact my credit? If so, how do I go about getting them off?
How can I get paid off debits off my credit report?
It will remain a part of your credit history for 7 years, I am assuming that the info was negative yet you have since paid it off. You might have made deals with the people you paid but that is too late now.
The older it gets the less impact it will have.
Reply:You need to repair your credit.
In order to improve your credit score, you need to both eliminate negative information as well as establish positive credit history.
Reply:having it on there as pd is better than not having it in there. Having "no credit" is worse
Reply:Depends: are they old debts that went to collections and you paid. Are they debts that you simply paid off? Need to know more to give accurate answers.
Credit reports will list accounts for a period of 7 years from last date of activity. Even paid ones.
If they went to collections and you have paid then they still stay on report for seven years.
The credit bureaus keep your personal credit history for periods between 7 and 10 years:
Unpaid Tax Lien - Indefinitely
Chapter 7 Bankruptcies - 10 years from date filed.
Public Records - 7 years from the date of payment;
Closed or Inactive Accounts - 10 years from the date of last activity;
Derogatory Accounts - 7 years from the date of original delinquency;
Here is some info on disputing with the CRA's
http://www.ftc.gov/bcp/menus/consumer/cr...
Download a pdf file regarding how to dispute with CRA's
Hope this is of some help.
P.S. There is no such thing as a quick and easy way!
Reply:They will have to age their way off - you can't just "delete" them. If you exhibit better credit management on newer accounts, the impact of the older stuff will gradually decline.
Reply:I dont think that they will be removed because you dont like them there...they are a part of your credit history. The longer that they are on there showing that they are paid, the less they effect your history....with that said, why not just make some new POSITIVE credit entries
Reply:You need to contact the creditor and have them report it to the credit bureau.
Reply:It's easy and it takes 30 days. You simply do a dispute with each of the TRW companies. Check out the article below for step by step instructions. It says how to bring your score up as much as 200 points in 30 days without a credit agency.
I put another link to Credit Urban Legends that tells you how to strengthen your credit score quickly. It explains how your credit is scored...
Hope this helps.
How can I get paid off debits off my credit report?
It will remain a part of your credit history for 7 years, I am assuming that the info was negative yet you have since paid it off. You might have made deals with the people you paid but that is too late now.
The older it gets the less impact it will have.
Reply:You need to repair your credit.
In order to improve your credit score, you need to both eliminate negative information as well as establish positive credit history.
Reply:having it on there as pd is better than not having it in there. Having "no credit" is worse
Reply:Depends: are they old debts that went to collections and you paid. Are they debts that you simply paid off? Need to know more to give accurate answers.
Credit reports will list accounts for a period of 7 years from last date of activity. Even paid ones.
If they went to collections and you have paid then they still stay on report for seven years.
The credit bureaus keep your personal credit history for periods between 7 and 10 years:
Unpaid Tax Lien - Indefinitely
Chapter 7 Bankruptcies - 10 years from date filed.
Public Records - 7 years from the date of payment;
Closed or Inactive Accounts - 10 years from the date of last activity;
Derogatory Accounts - 7 years from the date of original delinquency;
Here is some info on disputing with the CRA's
http://www.ftc.gov/bcp/menus/consumer/cr...
Download a pdf file regarding how to dispute with CRA's
Hope this is of some help.
P.S. There is no such thing as a quick and easy way!
Reply:They will have to age their way off - you can't just "delete" them. If you exhibit better credit management on newer accounts, the impact of the older stuff will gradually decline.
Reply:I dont think that they will be removed because you dont like them there...they are a part of your credit history. The longer that they are on there showing that they are paid, the less they effect your history....with that said, why not just make some new POSITIVE credit entries
Reply:You need to contact the creditor and have them report it to the credit bureau.
Reply:It's easy and it takes 30 days. You simply do a dispute with each of the TRW companies. Check out the article below for step by step instructions. It says how to bring your score up as much as 200 points in 30 days without a credit agency.
I put another link to Credit Urban Legends that tells you how to strengthen your credit score quickly. It explains how your credit is scored...
Hope this helps.
How long untill I get a score on my credit report?
I have 2 credit cards and i have been paying for 5 months, on my credit report it does not show a credit score, how long untill it shows a score and what will be the score?
How long untill I get a score on my credit report?
Wait 1 more month.
buildcredit.ifastnet.com - try this site. I monitor my credit score here during last 3 years. And also cleaned off some bad items from my credit report. You can apply for free initial plan and get your scores and reports for free.
Reply:wait 15 days more
Reply:Usually it will take for 6 months of history before there is a long enough history to formulate a score. Remember, a score will not just show up when you receive or pull a credit report. In order to receive your actual score, you need to go to http://www.myFICO.com. It costs $15.95/per score from each bureau that you pull from; however, you can google myfico promo discount to get 20% off.
Don't bother pulling scores from other sites as those are FAKOs and have no relation to your real FICO scores.
Reply:I would wait one more month.
But don't count on that score to have any meaning.
When you go for a loan for a car or a home the loan officers will make up their own score. Which can be more than 100 points off from that FICO.
They look at your salary, age, employment history time.
Fico is almost a scam number, its nice to know, but it doesn't mean anything.
Pay your bills in full each month for excellent credit. It's an old ladies myth that carrying balances increases your rating.
/
How long untill I get a score on my credit report?
Wait 1 more month.
buildcredit.ifastnet.com - try this site. I monitor my credit score here during last 3 years. And also cleaned off some bad items from my credit report. You can apply for free initial plan and get your scores and reports for free.
Reply:wait 15 days more
Reply:Usually it will take for 6 months of history before there is a long enough history to formulate a score. Remember, a score will not just show up when you receive or pull a credit report. In order to receive your actual score, you need to go to http://www.myFICO.com. It costs $15.95/per score from each bureau that you pull from; however, you can google myfico promo discount to get 20% off.
Don't bother pulling scores from other sites as those are FAKOs and have no relation to your real FICO scores.
Reply:I would wait one more month.
But don't count on that score to have any meaning.
When you go for a loan for a car or a home the loan officers will make up their own score. Which can be more than 100 points off from that FICO.
They look at your salary, age, employment history time.
Fico is almost a scam number, its nice to know, but it doesn't mean anything.
Pay your bills in full each month for excellent credit. It's an old ladies myth that carrying balances increases your rating.
/
What is the best and fastest way to clear up your credit report?
I have stuff that has been on my credit report for 8 %26amp; 9 Years how do I make them go away? ~ Yes I know how to pay my bills.
What is the best and fastest way to clear up your credit report?
There are ways to TRY to clean those things but I recommend you not. Because your bad items are so old already, they are no more than a couple of years from falling off your credit by themselves. Assuming you have re-established with other good accounts in the last nine years, those old derogatories are not really hurting you that much anyways. The "classic" way to clean these old items is to send cerified dispute or information requests to the creditors, and hope they don't respond within the allowed time. (30 days?) Some people even send multiple requests on a few consecutive days to improve their odds. With this proof, you can have the credit bureaus remove them from your credit. I don't recommend doing this. They have probably not contacted you in years and most likely transferred or charged off the debt. Your requests are sure to renew their attention! At this point - you are better to just wait.
Reply:Hello, Anybody who answers you will have a different advice. I'm not a financial expert however I'm answering your question with a very practical approach. Some of them are already there in the answers you have got.
1. Do not go fot any other credit card. Stick to one or two if possible.
2.Try to pay your bills on time but always pay at the last i.e. after you have taken your share, this will make you work more hard, you can think of options like doing some overtime and earning extra bucks.
3. Take some alternative job which will improve your financial condition.
4. Do not apply for any loan and keep a close chk on you spending habits.
5.Pay all your dues as early as possible.
6.Watch Suze Orman show on CNBC which will give lots of answers to your querrys.
7. And finally if you have some money start investing. And do smart investing short term which wil rotate your money and try to gain some financial knowledge.
This is what I have for you. I'm sure by following these steps you would be financially sound.
Reply:I can't believe these answers!!!!
kentata's is a classic case of people who don't have a clue!
First, you need to know that negative information can only be posted to your credit report for 7 years, beginning on the day of the delinquency. NOT the last transaction! NOT the charge off date. It's clearly stated in the Fair Credit Reporting Act!
So your very first chore is to get those old (8 %26amp; 9 year old) entries removed. Contact the credit reporting agency and dispute these entries, and informed them they are too "aged" to be on your report.
Then follow the rest of the advice in the link below. It goes over much of what I have been preaching for the past few months here.
If you have any questions contact me.
Reply:just pay your bills
Reply:just go too ask.com and find out.
Reply:Ten years is now the accepted time frame for reporting old credit problems. Even then, they will only be removed if they are satisfied (i.e. if you had late payments, chargeoffs - whatever ... but have since made good). If you are hoping unpaid bills will just go away, they won't. Sorry.
Reply:Time, and rebuilding as much as possible by paying current bills on time with credit in your name.
Reply:The best ways of keeping a good credit score:
1. Don't have loads of credit/store cards. Close any which you don't use. Credit cards are an instant form of borrowing. If you have loads of cards, then you could in theory borrow lots of money, and would be perceived as a credit risk. If you are a credit card "rate tart" then ensure you close your old credit card(s) when you move to a new one(s).
2. Pay your bills on time.
3. Don't make repeated applications for loans. Each time you do this, it leaves a footprint. Multiple applications infer that you keep getting rejected etc.
4. Check your credit report for anomalies. For example, if you move into a house which was previously owned by a person who got into money problems, you might need to go through a "disassociation" process to prove you are not connected with the previous owner. It sounds stupid I know.
Reply:dont buy to much stuff
What is the best and fastest way to clear up your credit report?
There are ways to TRY to clean those things but I recommend you not. Because your bad items are so old already, they are no more than a couple of years from falling off your credit by themselves. Assuming you have re-established with other good accounts in the last nine years, those old derogatories are not really hurting you that much anyways. The "classic" way to clean these old items is to send cerified dispute or information requests to the creditors, and hope they don't respond within the allowed time. (30 days?) Some people even send multiple requests on a few consecutive days to improve their odds. With this proof, you can have the credit bureaus remove them from your credit. I don't recommend doing this. They have probably not contacted you in years and most likely transferred or charged off the debt. Your requests are sure to renew their attention! At this point - you are better to just wait.
Reply:Hello, Anybody who answers you will have a different advice. I'm not a financial expert however I'm answering your question with a very practical approach. Some of them are already there in the answers you have got.
1. Do not go fot any other credit card. Stick to one or two if possible.
2.Try to pay your bills on time but always pay at the last i.e. after you have taken your share, this will make you work more hard, you can think of options like doing some overtime and earning extra bucks.
3. Take some alternative job which will improve your financial condition.
4. Do not apply for any loan and keep a close chk on you spending habits.
5.Pay all your dues as early as possible.
6.Watch Suze Orman show on CNBC which will give lots of answers to your querrys.
7. And finally if you have some money start investing. And do smart investing short term which wil rotate your money and try to gain some financial knowledge.
This is what I have for you. I'm sure by following these steps you would be financially sound.
Reply:I can't believe these answers!!!!
kentata's is a classic case of people who don't have a clue!
First, you need to know that negative information can only be posted to your credit report for 7 years, beginning on the day of the delinquency. NOT the last transaction! NOT the charge off date. It's clearly stated in the Fair Credit Reporting Act!
So your very first chore is to get those old (8 %26amp; 9 year old) entries removed. Contact the credit reporting agency and dispute these entries, and informed them they are too "aged" to be on your report.
Then follow the rest of the advice in the link below. It goes over much of what I have been preaching for the past few months here.
If you have any questions contact me.
Reply:just pay your bills
Reply:just go too ask.com and find out.
Reply:Ten years is now the accepted time frame for reporting old credit problems. Even then, they will only be removed if they are satisfied (i.e. if you had late payments, chargeoffs - whatever ... but have since made good). If you are hoping unpaid bills will just go away, they won't. Sorry.
Reply:Time, and rebuilding as much as possible by paying current bills on time with credit in your name.
Reply:The best ways of keeping a good credit score:
1. Don't have loads of credit/store cards. Close any which you don't use. Credit cards are an instant form of borrowing. If you have loads of cards, then you could in theory borrow lots of money, and would be perceived as a credit risk. If you are a credit card "rate tart" then ensure you close your old credit card(s) when you move to a new one(s).
2. Pay your bills on time.
3. Don't make repeated applications for loans. Each time you do this, it leaves a footprint. Multiple applications infer that you keep getting rejected etc.
4. Check your credit report for anomalies. For example, if you move into a house which was previously owned by a person who got into money problems, you might need to go through a "disassociation" process to prove you are not connected with the previous owner. It sounds stupid I know.
Reply:dont buy to much stuff
How can I stop my parents from pulling my credit report?
My parents are really nosey and I am well into my 20s and they have no business knowing my financial situation. Unforunately they have all my personal information - social sec #, maiden name (go figure), etc. They also have a habit of calling my credit card company and discussing charges with them! It is getting really annoying and none of their business.
Is their anyway I can put a block on people being able to pull my credit report simply by going to one of these websites and typing in some (readily available to my parents) information?
thanks!
How can I stop my parents from pulling my credit report?
Hi John:
I am sorry to hear that you have such busy bodied parents. Sometimes parents go way out of their boundaries when it comes to their children. Maybe they are just worried about you getting into financial trouble....who knows. Confront them with this issue and tell them that you are financially healthy and that they need to stick to their own financial affairs. In essence, they are breaking the law by exhibiting this behavior.
Definately get a freeze on inquiries for credit reports. Also, call all of your creditors and explain to them the situation and request that it be documented what your parents have been doing. Have a different security question set up with an answer they would probably never figure out.
If worse comes to worse, let your parents know that you will take this issue to court, if need be. I know it sounds harsh, but it sounds like now you will have to do "roll reversal" in this case and take displinary measures.
OH yes, Thin Kaboudit...you are very misinformed where it comes to public information. Credit reports are not public information. Yes, some things that are reported are public information such as bankruptcies, foreclosures, tax liens and judgements. No one can just pull someone's credit legally without written or verbal authorization of some form.
Reply:Do not know where Mary t cam up with all that, but it sounds as if she has been in the position she is describing Maybe she should grow up. As for your question I would call the cc companies and tell them if they give any info to anyone but you, you are going to sue them for giving out personal info. I would set up a password with them (not my social or dogs name) something your parents will never guess. How about you take your parents out to dinner and talk nicely with them. Explain you are not their little kid anymore, and you have your own life with private personal info. Ask how they would like it if you pulled all their info, bet they wouldn't.
Reply:are your parents cosigners on any loan you may have......student loan or anything like that? they might be checking on their investment. I couldnt blame them for that
Reply:You can call customer service. Some companies will now give you the option of setting up a password. When someone calls in, they will be asked for the password.
If your parents are still supporting you in any way (helping out with rent, bills, etc), they may feel they have a right to it.
If they aren't supporting you, tell them this information is private and they don't have any rights to it. You can set up accounts with the credit reporting agencies and they will give you passwords so only you can access this information when inquiries are sent directly to them.
Good luck.
Reply:Your credit report is public information, readily available to anyone who pays for it and many who don't. There is no legal way to prevent anyone from seeing it.
Reply:call the credit bureaus and see if there is some kind of password you can assign to your acct. Get a PO box so they can't check your mail or see what's on your credit cards. the CC companies shouldn't tell anyone but you anything-see if you can get a password or pin# set up there too
Reply:The only way to stop this is to put a freeze on your credit.
This will prevent anyone from pulling your credit until you release the freeze.
As far as your credit cards go call the card companies and put a password on your accounts. This will stop your parents from being able to access your information.
Reply:You should probably call your cc company and set something up so that they have to ask for a password that only you would know before discussing any business related material... A company I worked for did this, so it can be done...explain the situation to them so that they understand where you are coming from...
Reply:If you are still living at home, it is time you grew up and moved out. Your parents are concerned about your use of credit because you are living with them. They are afraid if you don't pay these cards on time that they are going to come to them for the money. Get your cards paid up whether it takes getting a second job or something. Be adult and be responsible. Then save your money and move out. It's time you grew up now that you are well into your 20's anyway. The reason they are doing this is because you are evidently acting like you are about 15. Good luck.
lily
Is their anyway I can put a block on people being able to pull my credit report simply by going to one of these websites and typing in some (readily available to my parents) information?
thanks!
How can I stop my parents from pulling my credit report?
Hi John:
I am sorry to hear that you have such busy bodied parents. Sometimes parents go way out of their boundaries when it comes to their children. Maybe they are just worried about you getting into financial trouble....who knows. Confront them with this issue and tell them that you are financially healthy and that they need to stick to their own financial affairs. In essence, they are breaking the law by exhibiting this behavior.
Definately get a freeze on inquiries for credit reports. Also, call all of your creditors and explain to them the situation and request that it be documented what your parents have been doing. Have a different security question set up with an answer they would probably never figure out.
If worse comes to worse, let your parents know that you will take this issue to court, if need be. I know it sounds harsh, but it sounds like now you will have to do "roll reversal" in this case and take displinary measures.
OH yes, Thin Kaboudit...you are very misinformed where it comes to public information. Credit reports are not public information. Yes, some things that are reported are public information such as bankruptcies, foreclosures, tax liens and judgements. No one can just pull someone's credit legally without written or verbal authorization of some form.
Reply:Do not know where Mary t cam up with all that, but it sounds as if she has been in the position she is describing Maybe she should grow up. As for your question I would call the cc companies and tell them if they give any info to anyone but you, you are going to sue them for giving out personal info. I would set up a password with them (not my social or dogs name) something your parents will never guess. How about you take your parents out to dinner and talk nicely with them. Explain you are not their little kid anymore, and you have your own life with private personal info. Ask how they would like it if you pulled all their info, bet they wouldn't.
Reply:are your parents cosigners on any loan you may have......student loan or anything like that? they might be checking on their investment. I couldnt blame them for that
Reply:You can call customer service. Some companies will now give you the option of setting up a password. When someone calls in, they will be asked for the password.
If your parents are still supporting you in any way (helping out with rent, bills, etc), they may feel they have a right to it.
If they aren't supporting you, tell them this information is private and they don't have any rights to it. You can set up accounts with the credit reporting agencies and they will give you passwords so only you can access this information when inquiries are sent directly to them.
Good luck.
Reply:Your credit report is public information, readily available to anyone who pays for it and many who don't. There is no legal way to prevent anyone from seeing it.
Reply:call the credit bureaus and see if there is some kind of password you can assign to your acct. Get a PO box so they can't check your mail or see what's on your credit cards. the CC companies shouldn't tell anyone but you anything-see if you can get a password or pin# set up there too
Reply:The only way to stop this is to put a freeze on your credit.
This will prevent anyone from pulling your credit until you release the freeze.
As far as your credit cards go call the card companies and put a password on your accounts. This will stop your parents from being able to access your information.
Reply:You should probably call your cc company and set something up so that they have to ask for a password that only you would know before discussing any business related material... A company I worked for did this, so it can be done...explain the situation to them so that they understand where you are coming from...
Reply:If you are still living at home, it is time you grew up and moved out. Your parents are concerned about your use of credit because you are living with them. They are afraid if you don't pay these cards on time that they are going to come to them for the money. Get your cards paid up whether it takes getting a second job or something. Be adult and be responsible. Then save your money and move out. It's time you grew up now that you are well into your 20's anyway. The reason they are doing this is because you are evidently acting like you are about 15. Good luck.
lily
How soon after BK discharge can you pull your credit report?
My bankruptcy was final in June 2008. How soon can I pull a credit report to check it?
How soon after BK discharge can you pull your credit report?
I would wait until late July or early August to give it time to be reported.
How soon after BK discharge can you pull your credit report?
I would wait until late July or early August to give it time to be reported.
How bad would it look on my credit report if I turn in my car?
I can not afford to pay my car loan anymore, so far my payments have all been on time and my credit is good, never missed a payment on any of my accounts, but I can't afford my car right now, how long would it be on my report if I voluntarily surrender my vehicle? Can I get a new car again? When? HELP!
How bad would it look on my credit report if I turn in my car?
Repo's can really mess up your credit report and your pocketbook.
When they repo the vehicle (even if you turn it in it is still considered a repo) they will show the tradeline as a charge off. Then after the deficiency sale, they will probably add the deficiency as a separate tradeline. Then if they sell or assign it to a collection agency, they will add a tradeline. Then if you are sued for the deficiency and lose, the judgment will be added.
Having your credit report trashed is just the start of the bad things to come.
When they repo the vehicle they will sell it for roughly 50% (more or less and likely less) of the book value of the vehicle, not what you owe on it.
Then they will add the repo fees on top of that amount. The fees could run up to $1000. or $2000.
Then they will add interest to the total until it is paid. If not paid they may sell it to a collection agency or sue on their own. If the collection agency gets the account and cannot collect the amount due they may sue. So you would have court fees added to it if they win. Then you would have court ordered interest added to the balance until you pay it.
For example, say you owe $10,000.00 on it. The book value says that it is worth $8000.00. It could be sold at repo auction for $3000 to $5000 more or less, probably less. That could leave you with a deficiency balance of $5000 to $7000. Then with the repo fees and interest added to it, you could easily be looking at having to pay almost what you owe right now - without having the vehicle if you pay the deficiency. (and this is even before a suit being filed on it)
I would suggest doing as the others have mentioned and see if you can re-fi it at a lower interest rate first.
If you simply cannot afford to make the payment, you would probably be better off selling it yourself, even if you have to take a small loss, which you would have to make up and pay to the creditor at the time when you sell it.
I don't mean to sound so harsh and negative, but repo's 'are' one of the worst things to try and deal with.
You might do some reading on the site I've listed. Even though it is from the Illinois Legal Aid, the basics of the information fits for no matter what state you live in
Reply:Having a repossession is never a good thing.
You may be able to get another car eventually, but it will require a high down payment and will have a much higher interest rate.
Depending on how long you have had the car and what you owe, it may be possible to refinance the car for a longer term and make the payments lower.
Reply:you should talk to your finance company and see if you can't work out a deal with them. Maybe they will let you refinance it and lower your payments to where you can afford the car. If you turn it back to to finance company you could be responsible for the remainder of the debt anyway. Some states have a law that says the finance company can sell the cat and you have to pay off what ever the sale did not pay.
Reply:It will Still go on your report as a Repo and will stay for 7 years.or at least that's what happened to me,I turned one back in never late on a payment,husband passed away I could not afford the payment and it ruined my credit,for 7 years and I still have not fully recovered.
How bad would it look on my credit report if I turn in my car?
Repo's can really mess up your credit report and your pocketbook.
When they repo the vehicle (even if you turn it in it is still considered a repo) they will show the tradeline as a charge off. Then after the deficiency sale, they will probably add the deficiency as a separate tradeline. Then if they sell or assign it to a collection agency, they will add a tradeline. Then if you are sued for the deficiency and lose, the judgment will be added.
Having your credit report trashed is just the start of the bad things to come.
When they repo the vehicle they will sell it for roughly 50% (more or less and likely less) of the book value of the vehicle, not what you owe on it.
Then they will add the repo fees on top of that amount. The fees could run up to $1000. or $2000.
Then they will add interest to the total until it is paid. If not paid they may sell it to a collection agency or sue on their own. If the collection agency gets the account and cannot collect the amount due they may sue. So you would have court fees added to it if they win. Then you would have court ordered interest added to the balance until you pay it.
For example, say you owe $10,000.00 on it. The book value says that it is worth $8000.00. It could be sold at repo auction for $3000 to $5000 more or less, probably less. That could leave you with a deficiency balance of $5000 to $7000. Then with the repo fees and interest added to it, you could easily be looking at having to pay almost what you owe right now - without having the vehicle if you pay the deficiency. (and this is even before a suit being filed on it)
I would suggest doing as the others have mentioned and see if you can re-fi it at a lower interest rate first.
If you simply cannot afford to make the payment, you would probably be better off selling it yourself, even if you have to take a small loss, which you would have to make up and pay to the creditor at the time when you sell it.
I don't mean to sound so harsh and negative, but repo's 'are' one of the worst things to try and deal with.
You might do some reading on the site I've listed. Even though it is from the Illinois Legal Aid, the basics of the information fits for no matter what state you live in
Reply:Having a repossession is never a good thing.
You may be able to get another car eventually, but it will require a high down payment and will have a much higher interest rate.
Depending on how long you have had the car and what you owe, it may be possible to refinance the car for a longer term and make the payments lower.
Reply:you should talk to your finance company and see if you can't work out a deal with them. Maybe they will let you refinance it and lower your payments to where you can afford the car. If you turn it back to to finance company you could be responsible for the remainder of the debt anyway. Some states have a law that says the finance company can sell the cat and you have to pay off what ever the sale did not pay.
Reply:It will Still go on your report as a Repo and will stay for 7 years.or at least that's what happened to me,I turned one back in never late on a payment,husband passed away I could not afford the payment and it ruined my credit,for 7 years and I still have not fully recovered.
Subscribe to:
Posts (Atom)