The Fair Credit Reporting Act (FCRA) Compliance Date determines how long some negative credit items such as charge-offs can remain on consumer credit reports. Typically a negative credit item, such as a charge can remain on your credit report for … [Read more...]
Removing a bankruptcy from your credit reports is somewhat complicated because bankruptcy is a legal action which dismisses you in part or in whole from your debts. A Chapter 7 bankruptcy proceeding stays on your credit reports for 10 years. A … [Read more...]
A Guide to Improve Credit Scores Just the thought of looking at your credit reports may make you cringe but credit repair does not have to be difficult. Credit repair can take from 90 days to 9 months, depending on the amount of negative … [Read more...]
Guide to Dispute Negative Credit Disputing negative credit can improve your credit history and raise credit scores. Credit repair often involves several strategies and learning how to dispute negative credit is a significant strategy in … [Read more...]
Question: My now fiancé went through a divorce a couple years ago. He is a livestock hauler that spent the majority of his marriage letting his "then" wife handle his bills. After moving on his own he changed his address and began receiving debt … [Read more...]
Question: Hi Lisa, I love your web page. I am concerned. I have 1-2 creditors that continue to re-age old debt that has reached the Statue of Limitations (California). I am assuming it is 7 years from the DOLA. I don’t know what to do. I am … [Read more...]
Question: I am applying for a new home loan. I purchased a condo in 2006 and I had 2 mortgage loans. The first loan was foreclosed in 2009, but the 2nd loan still had a balance of $59,000. I claimed insolvency on my 2009 tax return and was … [Read more...]
Experian, Equifax and Transunion are multi-million dollar companies. Consumers may only think of them as credit reporting agencies but they are much more. The major credit reporting agencies not only store massive amounts of often erroneous, … [Read more...]
A charge-off on a credit report is detrimental to credit scores, especially if it is recent. But how accurate is the information being reported about that charge-off? What is a Credit Charge-Off Banks, lenders and credit card companies will … [Read more...]
There are two different sources where negative credit can be disputed -- the creditor and the credit reporting agencies. Both sources require two very different strategies. Credit scores generated by Fair Isaac (Fico) use a mathematical formula … [Read more...]
