that is negative, how long will that stay on and what about items that are paid and or not paid yet. Is it the same time frame for paid and unpaid accounts. When it does fall off, does it go off the credit report entirely?
2006-10-26 12:23:01 · 9 answers · asked by chyna 2 in Business & Finance ➔ Credit
7 years but make sure to check your credit report. I had to request something be removed well after the 7 year mark.
2006-10-27 10:26:25 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The Fair Credit Reporting Act, a Federal Law, requires most negative information to be removed after 7 years. Paid or unpaid does not matter under this law. Bankruptcies can stay on the report for up to 10 years.
2006-10-26 14:17:47 · answer #2 · answered by STEVEN F 7 · 0⤊ 0⤋
you must be proactive in changing the items on your credit report.
They do not disappear by themselves. By law, you can request a copy of your credit report from each of the major credit reporting agencies. Analyze each report. If there is information that is false or a mistake, write a letter immediately. If there are negatives that are true, write them a letter explaining the circumstances, and contact the originator of the complaint and try to get them to remove it from the reporting agencies.
A negative comment will stay on your report for years, depending on state laws.
2006-10-26 13:06:57 · answer #3 · answered by Anthony M 1 · 0⤊ 0⤋
Depending on state law, it could be as long as 20 years or as short as 7 years.
What you should do is to write Esperian and ask them how to file a claim to remove a derogatory item on your credit report. They do have a website where you can file claims, however I could only get access from the site through Freecreditreport.com.
In any case it takes about a month and you will receive a response from them indicating whether the derogatory was removed or not.
2006-10-26 12:33:57 · answer #4 · answered by mikeae 6 · 0⤊ 1⤋
you won't be able to get rid of the closed charges. they'll live to inform the tale your document continuously. yet your own loan requests being grew to change into down has to do with the quantity of balances on your own loan charges and your credit (the better the more effective perfect). in case you ignored any funds, which will influence your score negatively. maximum in all chance, the reason you're grew to change into down is because: a million. Your stability to credit line ratio is in basic terms too extreme - (you're on the brink of maxed out on your credit lines) 2. You ignored some funds or have overdue funds over 30 days. 3. you've a below-average credit document. (once you've decrease than 650, you're in a riskier class). 4. Your debt to income ratio is extreme (you've too a lot debt compared on your income)
2016-12-05 06:37:02 · answer #5 · answered by Anonymous · 0⤊ 0⤋
negative things for 7 years unless you live in Mississippi then it will fall off after 3 years. Calling the negative acts and clearing up the mess will greatly improve your credit rating resulting in lower insurance rates, lower interest on car and mtg loans.
2006-10-26 13:06:46 · answer #6 · answered by roger k 2 · 1⤊ 0⤋
It takes forever for things to fall off your credit report. I have an item from 1989 still on mine.
2006-10-26 12:29:14 · answer #7 · answered by irongrama 6 · 0⤊ 1⤋
7 years from the date of last activity regardless of if its paid or not. You can remove it with persistance......
Read this article: Good stuff!
http://www.expert-credit-advice.com/index_credit.htm
2006-10-26 14:11:29 · answer #8 · answered by Anonymous · 0⤊ 0⤋
I hope this helps you:
How to Clean Up Credit Report
http://www.debt-loan-refinance-mortgage-credit.com/category/How-to-Clean-Up-Credit-Report.html
2006-10-27 02:25:22 · answer #9 · answered by Anonymous · 0⤊ 0⤋