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How do you get items removed from your credit report if they are older than seven years?
Wiki User
∙ 17y ago
You can write to the credit reporting agency with all the facts and they should be able to remove the items. Be aware though that some things stay on for 10 yrs.
Wiki User
∙ 17y ago
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How do you get a paid charge off removed from your credit report?
Getting A Charge-off RemovedLook at the date of last activity, check the statue of limitation for your state, and if it's older then the statue of limitation dispute it. If not you will have to ride it out until it reaches the Statue of Limitation.
After a charge off has reached 7 yrs and is no longer on your credit report can a private company bill you for payment on behalf of the creditor?
The answer to your question depends on the laws which govern the debt. Morally, if you owe a debt that is 7 years or older and have never paid it, you still owe the debt. The 7 year time period is how long the derogatory information may show on your credit report. There is a separate time period, the statute of limitations, for how long you could have been sued over this debt. Both of these have, most likely, expired.
Can you get the earned income credit for babysitting in 2010?
Yes, babysitting is considered earned income. You must be 25 or older
Inventory method that least likely mimics actual physical flow of inventory?
FIFO method where the older items are sold first.
Will it reflect negatively on your credit report if you close an inactive credit card?
No. Yes and no. Closing an inactive credit card can have two negative effects: (1) Closing an older credit card may lower the average age of your credit accounts, and closing your oldest credit card account (since a credit card is often the first credit account people obtain) may lower the total age of your credit history. (2) Closing a credit line may reduce your total available debt which increases your overall utilization; for example, if you have a $1,000 balance on three credit cards, with a total limit of $20,000 ($5,000 on one card, $15,000 on the other), your overall credit utilization is ($1,000 credit used)/($20,000 credit available = 5%, which is an excellent level of utilization (most guides I have consulted recommend a utilization of less than 25% of your total available debt. If you close the card with the $15,000 limit, your utilization becomes ($1,000 credit used)/($5,000 credit available = 20%, a much higher utilization, and that will negatively impact your FICO score. However, the effects are usually temporary. As your other revolving accounts age the first effect will lessen, and if your other credit lines increase the second effect will be lessened as well.
How do I remove a collection item on my credit report that was disputed but not removed?
Only the collection agency or the credit bureaus can remove a collection off a credit report. You can negotiate the removal of the collection off the credit report upon final payment of the debt owed. Some collection agencies have policies against this, some don't. You can also redispute it to the credit bureaus as many times as they will let you. It has a higher chance of being removed if it is paid off and an older account.
How do i start to repair credit for medical bills?
If they are recent, negotiate with them on how much is owed. Before you send any money, get a letter from them stating what they will agree to. If it is older credit accounts, try an dispute them first and see if they are automatically removed. If they are older than 3 years old, unless a lender is requiring it, I would leave them alone. They will come off your credit in 7 years if they do not report anything else to the credit agencies.
How do you get a paid charge off removed from your credit report?
Getting A Charge-off RemovedLook at the date of last activity, check the statue of limitation for your state, and if it's older then the statue of limitation dispute it. If not you will have to ride it out until it reaches the Statue of Limitation.
How do you remove a home loan from you credit report after bankruptcy it was listed on Bankruptcy.?
Bankruptcy information (and other legal actions like judgments) may stay on a credit report for up to ten years after the fact. If your credit report still reflects a bankruptcy after ten years, create a dispute/update request with the associated credit reporting company and include proof that the bankruptcy is older than ten years old (the state record of the original date of bankruptcy action is typically all of the proof one needs). Negative items (including home loans that may have been forgiven) may stay on your credit report for up to seven years after the occurrence, regardless of bankruptcy status. Similar to the process above, if there is negative information on your credit report after seven years, one can request an update/modification of the credit report by providing appropriate proof.
How long does negative credit information stay on your credit report?
Most information (good and bad) will stay on your credit report for seven years. However, some financial disasters (divorce, bankruptcy) can stay for as long as ten years. The silver lining to this is that, the older the negative information is, the less influence it has on the overall report.
Is debt older than seven years old supposed to be removed from your credit weather is paid or not?
No. Pay your bills.
How long do previous addresses stay on my credit report?
Previous addresses stay on your credit report permanently. If you have a lot, they may drop off some of the older ones. Previous addresses will also show up on a background check.
Can a bankruptcy that is older than 10 years affect the terms of a mortgage?
any information in regards to a bankruptcy should not be on your credit report if older than 10 years. if it is, write your credit bureaus immediately and dispute the information citing the FCRA Federal law that states it maynot remain on your report after 10 years.
Should you pay a phone bill that is eight years old and a collections agency is trying to collect?
== == Make sure that you get your most recent credit report. You can go to AnnualCreditReport.com, and pull a three bureau credit report for free. Once you have your report check to see what the Date of Last Activity is on that collection account. This will determine if you have a collection that is older then the statue of limitation.
If your credit score went from 740 to 630 after two 30 day late credit card payments how long will it take for your score to recover?
Credit scores are calculated based on ALL the information reported. Derogatory items, including older collection accounts being updated, legal items being filed and late payments, affect your score in the "history" portion. History accounts for 35% of the score. Your late payments will appear on your credit report for 7 years. Their impact is significant in the first 12 months and decreases from then on, but they will continue to impact your score for quite some time. As a general rule of thumb, a 30-day late will drop your credit score by about 50 points. This might seem like a big hit, but it halves after 12 months, then does the same after 24 months. Therefore, after 3 years, the 30-day late payment will still result in a 6-point dip in your credit report.
How do you raise my credit score to 625?
It can be a long process, especially if your score is really low. basically, there are five things that make up your credit score; 35%: Payment History - This is how well you pay your debts on time. Pay bills on time and dispute inaccurate items from your credit report will help increase this area. 30%: Debt Ratio - This is how much debt you have on your credit accounts (Maxed out credit lines do the most damage) 15%: Credit History - This is the average age of your credit accounts (the older the better). 10%: Debt Diversity - Different Types of Accounts (it's good to have a variety of Mortgage, home loan, fix loans, and revolving loans). 10%: Hard Inquiries - People checking your credit Working on all of these areas will improve your credit score.
What is your cousin once removed children to you?
Depending on which of you is in the older generations, the children of your first cousin once removed are either your first cousins twice removed, or your second cousins.Depending on which of you is in the older generation, the children of your second cousin once removed are either your second cousins twice removed, or your third cousins.
