how long is bad credit on your record?

Answer 1

7 years. Mind you, creditors can still try to harass you after this time, but avoid them at all costs. They often try to hook you in with lies and have been found to use illegal practices.

Answer 2

generally (it may depend on State) inquiries 2 years, credit good or bad 7 years and judgments, BK, foreclosure 10 years. If you establish a good payment history within a year your score goes up.

If you buy a vehicle, for example, it is very common practice that the dealership sends your ssn to several different co. for approval and best interest rate. This can be damaging as it shows several inquiries worth a few points each and if you go with one company a future lender may wonder why you have all these inquiries with no credit established with these companies therefore thinking you are a high credit risk and high credit risk means high payment and interest. So do your homework and negotiate first, app later what if you aren't happy with terms?

keep a balance on credit cards, but keep it to only about 25% of your total limit. Keep 1 or 2 department store cards, a gas card and a major credit card generally. Too much credit and/or available credit also makes you a higher risk companies see this as you can go crazy with 15 cards and then file a BK.

I know this is long, but I hope it was helpful.

Answer 3

Bad credit is one of the worst problems to have... however there exists a solution.

I will hereby talk from my personal experience.

I did debt consolidation a couple of years ago, however If I had to do it again I would pay to some minor details,
if someone wants to get out of debt today it is pretty easy with a debt consolidation plan, however it may get a bit tricky at times, I suggest you get as much information as possible online on this first,

a good place to start in my humble opinion is astraight to the point ebook with question and answer I found :

http://umgarticles.atspace.com/debt-consolidation.htm

if it helps kindly remember me in your voting!.. cheers!

Answer 4

7 years........:(

Step-by-Step Credit Repair Guide

Bad credit can frustrate your efforts at getting a credit. Hence ensure you keep your credit report clean. If there are any errors in the report, undertake credit repair to clear out any errors. This can be tiring and frustrating, but highly rewarding. Though law recognizes and protects your rights, it is your duty to remove any anomalies in

Answer 5

most of the time your credit rating is up in 7 years

Answer 6

Generally an item will stay on your record for seven years. If need help repairing your credit like most us do then visit:
http://www.thecreditrepairmanual.com
there you can learn all that you need to know to do it yourself!

Answer 7

Usually seven years, but in the mean time you can still get secured loans or credit which can be used to rebuild your credit.

Visit http://www.cheap-credit-cards.org for more info on credit repair

Answer 8

I have placed this in the source box. There is a wealth of information there and a great free debt management software program. I bookmarked the site as I return to it often for the advice it offers. I hope this helps you.

Answer 9

7 years.... but you will look favorable if you set a good payment histories now on your report... and your score will rise

Answer 10

5 to 10 years.

But you still can improve your credit score before that time : http://index-go.com/improve-credit-score-get-out-of-debts-fast.asp

Good luck !