Re-aging credit accounts causes older negative accounts to look more recent which not only ruins your credit score but is a serious violation of the FRCA.
Consumers needing a credit fix may want to know how a credit repair company works. It’s simple, a credit repair company should not use generic letters and should be able to explain in detail what they can and can’t do with an outline their services upfront.
Tax liens removed from credit reports may mean some consumers will see a jump in credit scores. Tax liens will no longer count against your credit scores. Starting April 16, tax liens will be removed from consumer credit reports. As a result, some consumers can look forward to higher credit scores. The move to no…
Medical Debt: Most debt has a statute of limitations which means at some point it becomes legally uncollectible. Debt collectors can continue to pursue payment but have no leverage.
Having negative information on your credit reports can feel like a life sentence but there is a credit reporting time limit to most negative credit entries.
Don’t be surprised if a credit bureau re-inserts an item that was deleted due to a dispute. They must however, notify in writing if the disputed item has been put back on your reports.
Multiple charge-offs on a credit report will destroy a credit score unless you take action. Get strategies to remove multiple charges and improve credit scores.
Depending on the credit bureaus to automatically remove outdated information from credit reports is a mistake. The credit bureaus deal with billions of pieces of information daily and sometimes items get left on credit reports that should have been removed years ago. Removing outdated information from credit files is the simplest way to improve your…
Some credit disputes can actually cause a drop in scores because the last date of activity is updated. Old negatives that are disputed can appear more recent if the date last reported is current.
Checking account overdrafts can lead to a charge-off on credit reports. But a pay for delete offer can remove a charge-off if the bank agrees.