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The information on the credit report is available up to seven years, both positive and negative.
Some collection agencies though can fulfill your request to remove a negative collection in return for a full payment and a lot of people have done this despite it being illegal.
The best that you can do to balance out a negative collection is to improve on other aspects of your report. I found ways to do that here http://www.myfreecreditreportx.com/how-to-improve-your-credit-score-fast
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∙ 10y ago
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How long will a bad account stay on credit history?
Until you clear your debt and your good with the company. After that it will stay on there for about a year but will also have that you paid your money. If you havent paid your debt, then it will remain on your credit history.
How does one go about the process to clean credit up after a history of debt?
There are several steps one may take to clean up ones credit after acquiring a history of debt. The most important thing is to request your credit history from at least one of the three main credit reporting companies and see what is on it.
Why does credit information remain on your credit report even though the account has been closed for years?
It's all part of your credit history..the good the bad and the ugly. I longer history is generally good.
What company keeps track of your credit history?
vsababsh
How does Transunion Credit Reports work?
Transunion Credit Reports works by allowing you to see your credit report. They take your information and show you what your credit rating is based on your history.
Why is having a long credit history with a few blemishes that were corrected better than a short history that is clear?
Simply because... with a long credit history, a prospective lender can see how you have operated your credit facility over a considerable period. Nobody's credit history is perfect - everyone has at least 1 or 2 lapses on their record. Having just a short credit history doesn't show 'trends' or patterns of (perhaps) persistent late payments.
How do credit cards affect an individual's credit history?
Credit cards impact several parts of your credit history. Pay on-time and you improve your payment history. Keep your balance low, and you improve your utilization rate. Keep you card open and active for a long time, you increase your length of history.
How long do negative things stay on credit history?
7 years
When a company checks your credit how long does it take to show up on your credit history?
All inquiries stay on for 2 years
Can a person with bad credit open a joint bank account?
yes as long as co-applicant has good credit history.
Explain how to create a good credit history and how to find your credit history?
It's quite a long subject that would encompass several pages of text. For a detailed answer read "So you want to fix your credit huh" chapter 3: What is a credit score. www.wowifixedmycredit.com
How long do credit inquiries affect your credit score?
Credit inquiries are logged on your file for a period of 2 years. Some argue that the score itself is only effected for 12 months, but the inquiry is visible for 24 months.
What information goes into a credit score and what information does not?
your bill payment history, the number of accounts you have and what kind, how long you have had your accounts open, and your recent credit activity.
How long will a bad account stay on credit history?
Until you clear your debt and your good with the company. After that it will stay on there for about a year but will also have that you paid your money. If you havent paid your debt, then it will remain on your credit history.
How do you had positive credit to your credit report?
Pay your bills on time. Don't use more than 30% of your available credit. Establish a long history of paying your bills on time.
How do you build up credit history?
Your credit history is simply the period of time you have had open lines of credit. Say you had five credit cards and you kept them each for exactly one year and then closed each of them. You would have five credit years of history but most scoring systems would see that as one year of credit history. If you had one credit card account for one year and another for the subsequent year and so on for five years, you would also have five years of credit history, but, again, scoring systems would still see that as (more or less) one year of credit history. Now, if you had one credit card for five years, then the scoring systems would definitely see that as five yeas of credit history. So, creditors and scoring systems look at how long you have maintained each line of credit and the longer the better.
What is the average rate for a Subprime Home Loan?
Subprime Home Loans are for people who have a poor credit history. Therefore the rate depends on personal circumstance, how long the loan is for and what the credit history of the individual is like.
