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Answered 2006-07-21 00:17:59

When the negative debt is completely erased from your credit history, your credit score will experience an upward swing. Also, the longer time goes by and you have clean clear credit (and the debt is still on your report), your credit score will improve.

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What if you had a foreclosure and it is not on your credit report?

It sometimes takes a month or two to be added as a negative on your credit report.


Can a foreclosure be removed from your credit report?

Foreclosures can be removed from your credit report like any other negative item. You must dispute it to the credit bureaus. The credit bureaus will have 30 days to verify the foreclosure or it must be removed from your credit report. With the higher amount of foreclosures lately you have a better chance of it being removed. UPDATE: Actually, you can force Equifax, Experian and TransUnion to remove a Foreclosure from your credit report and you can do it legally using a federal law that is in place. Credit Bureaus MUST have "verifiable proof" of the "foreclosure account" in their files if they are going to report the negative item on your report. The dirty little secret the credit bureaus don't want you to know is that they do not have any "verifiable proof" in their files for any of the negative items on your credit report. The bank that held your mortgage may have this information on file but the credit bureaus don't. If you request the credit bureau to provide you with the "verifiable proof" that they have in their files they will remove the negative from your file.


Which of the following can be a reason for a lender to deny credit?

negative information in your credit report


How can you restore your bad credit?

Restoring bad credit takes time. You can start by requesting your credit report and dispute negative mistakes that you may find. Only the passage of time can improve your credit when you have legitimate negative remarks in your credit report.


How long does an auto repossesion stay on your credit report?

Negative reports on your credit score remain on your report for seven years.


How long will a foreclosure be on your credit report and how will it effect your credit score?

A foreclosure can stay on your credit report for over ten years. It will have a significant and negative impact on your score.


How long will bad credit remain on your credit report?

Bad credit or any negative report will remain in your credit report for seven years. Therefore, if it happens that there is a wrong information that will affect your report negatively, be sure to dispute it immediately. You can also do your own credit card repair in order to eliminate any bad credit that will be reflected in your credit report.


How long before negative information appears on credit report?

Immediately, that it is reported to the credit agencies.


In what ways can a negative credit report affect your financial goals?

Refinancing can affect your credit report, and excessive shopping can also hurt it too.


What will a repossession do to your credit report?

A repossession is a serious negative and will drop your scores.


What does key deragotory means?

It's a negative entry...such as on a credit report.


What do you have to write in order for the credit breau to put positive credit on your report?

you don't write anything, it is your creditors who report the information weather it be positive or negative.


Will filing a bankruptcy remove a judgment on credit report?

No, a BK does NOT remove negative items in credit reports.


How long does it take for negative credit information with the exception of bankruptcies to be cleared from a credit report?

7


How to remove a bankruptcy from credit report?

The bankruptcy will remain on the credit report until the required ten years has expired. UPDATE: Actually, you can force Equifax, Experian and TransUnion to remove a Bankruptcy from your credit report and you can do it legally using a federal law that is in place. Credit Bureaus MUST have "verifiable proof" of the "bankruptcy" in their files if they are going to report the negative item on your report. The dirty little secret the credit bureaus don't want you to know is that they do not have any "verifiable proof" in their files for any of the negative items on your credit report. The Federal Court that the bankruptcy was filed in may have this information on file but the credit bureaus don't. If you request the credit bureau to provide you with the "verifiable proof" that they have in their files they will remove the negative from your file.


If the bank closed my credit card due to too many credit inquires appeared in my credit profile saved by the 3 credit score agencies will this appear as a negative sign on my credit report?

I'm not sure if you are asking if the bank closing will be negative or if the inquries will be. The inquires are negative.


Can negative information remain on your credit report if the last date is updated?

Yes!


How can you remove negative accounts from your credit report?

Have they been paid off,and how old are they?


How long does negative credit information stay on your credit report?

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How long does judgment stay on credit report in North Carolina?

Negative information remains on a credit report for 7 years in every state. There are strategies to assist in this matter.


How can something be removed from your credit report?

It depends on what you mean. If you have erroneous information on your credit report, contact the credit reporting agency and tell them you want to file a dispute. If you're referring to a negative credit account or report that is in fact accurate, you usually cannot have that removed. Entries on your credit report are removed automatically after 7-10 years depending on what it is.


How many years does it take for credit to fall off?

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How would your credit be affected if you have a car that has gotten repossed?

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What does it mean when an unpaid account is closed on your credit report?

that it has been closed by either you or the company- either way it shows as a negative in your report


How does paid closed wriiten off affect your credit report or score?

paid charge off affects your report as it is negative information