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Are there any legitimate companies that will help you delete negative information off your credit report?
No. Credit repair companies cannot do anything that the consumer cannot do for themselves. Negative entries that are valid cannot be removed from a CR until the required time has expired, which for the majority of debts is 7 years from the DLA. *** HOWEVER There is a tool that we've used with some success. The outcome is dependent on specific circumstances. If you want more info on this, let me know on my message board and I will contact you.
What else can I help you with?
How long will it take for a closed account to appear on your credit report if it is not a negative item?
That will depend on how frequently the credit reports to the credit buearos. Creditors may report monthly, quarterly or intermittently. If they are a relatively small firm, they may not report at all. You might want to ask the creditor when and to whom they report your credit information. Larger companies will have departments who specifically handle customer credit reporting.
Why is your previous address reporting on your credit report?
Because your new address has not yet been registered to you by the credit companies. you should ask them to update their information.
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.
Is Academy Credit a scam?
Academy Credit is a legitimate credit repair business that uses a power of attorney to dispute negative reportings on your credit report. They are bonded by the state of Utah. Credit bureaus don't like credit repair services so try to give them a bad name. Academy Credit is completely legal it's your right under Fair Credit Reporting Act to use them.
Is there a statute for how long after an account is paid and closed a credit company can wait to report this information to the credit bureaus?
You can always write a letter and attach a copy of your "paid in full" receipt and send it in to the three reporting companies. Also, keep in mind that these companies can be very slow in recording the update, whether it comes from you or the credit company. There are also companies that charge a fee to do the updating on the record, but they are not credit repair companies. Check with your bank for a reputable one.
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.
Were does information containded in a credit report come from?
Information in a credit report comes from banks, mortgage lenders,credit unions, credit card companies, insurance companies, landlords, department stores and employers.
Are those free credit score sites legitimate?
Yes, many free credit score sites are legitimate. Ask friends or family for references for these types of companies. One reputable site is Free Credit Report at www.freecreditreport.com
Can a debt collector remove negative information from my credit report?
No, a debt collector cannot remove negative information from your credit report. Only the credit reporting agencies or the original creditor can remove or update information on your credit report.
Why do I have 3 different credit scores from the credit reporting agencies?
Chances are that at least a couple of those companies you requested credit scores through are not legitimate credit score companies. The three endorsed by the US government are: Equifax, Experian and Trans Union.
Where can one find information on credit card companies?
Much information about credit card companies can be found from the credit card companies themselves. Questions can be submitted either online or via telephone. Information can also be obtained from business sites and even the Federal Reserve.
Do credit card companies report individuals' financial information to the IRS?
Yes, credit card companies do not typically report individuals' financial information to the IRS.
Which of the following can be a reason for a lender to deny credit?
negative information in your credit report
What does personal credit services include?
Credit repair refers to the process of improving an individual's credit score by addressing and resolving negative or inaccurate information on their credit report. Here are some important facts about credit repair which makes Scoreably Credit Repair for your business: Credit repair is legal: Credit repair companies operate within legal guidelines set by the Credit Repair Organizations Act (CROA). It's important to ensure that any credit repair company you work with is compliant with this law. Personal Credit Services are the ones that can enhance scoreably credit repair for your business. It takes time: Credit repair is not an overnight process. It can take several months or even years to improve your credit score, depending on the severity of the negative information on your credit report. Negative information can be disputed: Negative information on your credit report, such as late payments or collections, can be disputed with the credit bureaus. If the information is inaccurate, it can be removed from your credit report, which can improve your credit score. Credit repair can be done on your own: You do not need to hire a credit repair company to improve your credit score. You can dispute negative information on your credit report yourself, and there are also many free resources available to help you. Credit repair does not guarantee results: While credit repair can improve your credit score, there is no guarantee that it will. It's important to manage your expectations and work with a reputable credit repair company or credit counsellor who can help guide you through the process. Credit repair is a process that requires time, effort, and patience. While it can improve your credit score, it's important to work with reputable companies and manage your expectations.
Can a company not report good credit but will report bad credit?
Technically, yes, but usually this is not the case. Most major companies will post the good and the bad, particularly credit card companies and banks. Other companies will only report the negative, such as utility companies, apartment rental companies, etc.
Why do credit card companies ask for income information?
Credit card companies ask for income information to assess a person's ability to repay the credit card debt. This helps them determine the credit limit and interest rate that should be offered to the individual.
What is the timeframe for removing negative credit information?
7 years
