I just need to know what happens to your credit score after a charge off has been dropped past 7 years.
Your credit re-establishes itself every 7 years, which means if you have a negative item on your credit that has been charged off it will go away in 7 years but up to ten years for bankruptcies and repo's.
First, stop buying on credit. Then, start with the credit source you owe the least on and get it paid off. When it is paid off, go to the second least and pay it off. Do this until all your credit is paid off.
if a person is a home owner and there mortgage is payed off how years may the go back?
How long does it take for credit score to go up in rating after paying off debt?
Information about paying off credit cards can be found on sites that deal with credit problems. There you can find places to go to to help pay off your credit card debt within your budget.
Yes, a Bankruptcy is one of the most damaging accounts which can show up on a credit report. The good news is that after 2 years, the account doesn't impact your credit score as much. Once it is deleted, your credit score is improved.
You pull your credit report at credit report .com and as long as it has been seven years you can go online to dispute it. It should say dispute just push the button or call to dispute it they should have a number for each credit report which concist of three separate ones.
i think you can dispute it through the credit brureaus to get it off
Typically classes regarding paying off credit card debt are offered by community based organizations. The best bet for paying off credit card debt is to go see a credit couselor.
I had a 670 score the month before it dropped off, and when it dropped off it went up about 50 points. In that period (ten years) I never had one late payment, so you can recover from a Chapter 7. It just takes time.
answer: be patient. it takes 7 years for this information to no longer be reported to the credit bureau. if you want to simulate different scenarios with your credit and how different approaches will effect your credit then go to www.myfico.com. Great service.