i think its 7 yrs even i am not sure about it. even i wann the answer of this , i think goodnature know this.how to remove such a long before negative marks and what are the effects of this.
NEGATIVE ACCOUNTS WILL REMAIN IN YOUR CREDIT FILE FOR SEVEN YEARS WHILE GOOD ACCOUNTS WILL REMAIN THERE FOR TEN YEARS. AFTER 7 YEARS, NEGATIVE ACCOUNTS SHOULD BE AUTOMATICALLY TAKEN OUT OF YOUR CREDIT REPORT OR THIS WILL CONTINUOUSLY AFFECT YOUR CREDIT RATING.
I am not sure whether good accounts stay in your credit report for 10 years or not, but negative accounts (except bankruptcy) stays in your credit report for seven years and six months from the date of your first delinquency towards the debt and it gets automatically removed after this period. Bankruptcy may stay in your credit report for ten years. Once the negative listing gets removed from your credit report, the credit score starts improving.
hello all,
I am sure I was told it should only be seven years, unless something has changed. They should not be contacting you at this late date at all.
Good luck getting this sorted out, seems like such a hassle for you. In this world of credit for everything, it is tough to do without a credit card.
I found this forum due to looking for building ideas, but soon saw that it is more the finances you are all talking about.
Yes, credit card is the best way to improve your credit score. However, to make this card an instrument to improve your credit score, you should make regular payments with this card and pay off within the due date. Doing this will improve your credit history which contributes a major portion in your credit score.
You should file a dispute immediately, this debt should not have been reported this late in the game.
i think its 7 yrs even i am not sure about it. even i wann the answer of this , i think goodnature know this.how to remove such a long before negative marks and what are the effects of this.
regards
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Aby
NEGATIVE ACCOUNTS WILL REMAIN IN YOUR CREDIT FILE FOR SEVEN YEARS WHILE GOOD ACCOUNTS WILL REMAIN THERE FOR TEN YEARS. AFTER 7 YEARS, NEGATIVE ACCOUNTS SHOULD BE AUTOMATICALLY TAKEN OUT OF YOUR CREDIT REPORT OR THIS WILL CONTINUOUSLY AFFECT YOUR CREDIT RATING.
I am not sure whether good accounts stay in your credit report for 10 years or not, but negative accounts (except bankruptcy) stays in your credit report for seven years and six months from the date of your first delinquency towards the debt and it gets automatically removed after this period. Bankruptcy may stay in your credit report for ten years. Once the negative listing gets removed from your credit report, the credit score starts improving.
hello all,
I am sure I was told it should only be seven years, unless something has changed. They should not be contacting you at this late date at all.
Good luck getting this sorted out, seems like such a hassle for you. In this world of credit for everything, it is tough to do without a credit card.
I found this forum due to looking for building ideas, but soon saw that it is more the finances you are all talking about.
Yes, credit card is the best way to improve your credit score. However, to make this card an instrument to improve your credit score, you should make regular payments with this card and pay off within the due date. Doing this will improve your credit history which contributes a major portion in your credit score.