*The following information is provided by NEDAP(Neighborhood Economic Development Advocacy Project)
*Equifax reports the following on positive accounts and other credit accounts:
Hope this helps,
Will
All negative information stays on your credit file for anywhere from 1-6 years. The credit reference agencies onlyhold information for six years, whether positive or negative.
The three credit reports are reliable and trustworthy. They are experian, transunion, and equifax. As long as you monitor your reports to make sure no one steals your identity, they are reliable.
as long as your credit file contains negative information it will always impact your credit score
typically, a credit score will go DOWN a little when you get a loan or have any inquiries on your personal credit information. The credit score usually goes up after there are reports that you have made timely payments on a loan and after you have some assets that are of real value.
bankruptcy will affect you as long as it is reporting on your reports until the SOL runs. Once it is gone from your reports you will see a positive change in your score. Remember just because it is not reporting it still may affect you in some way due to the fact that it is a court ruling and is public information.Bankruptcy typically stays on your credit report for 10 years.
All negative information stays on your credit file for anywhere from 1-6 years. The credit reference agencies onlyhold information for six years, whether positive or negative.
It will show up on the credit reports for 10 years.
The three credit reports are reliable and trustworthy. They are experian, transunion, and equifax. As long as you monitor your reports to make sure no one steals your identity, they are reliable.
Negative reports on your credit score remain on your report for seven years.
as long as your credit file contains negative information it will always impact your credit score
Getting your free credit report has never been easier. While you may have seen dozens of commercials on TV advertising free credit reports, many want you to sign up for various credit monitoring services or pay a fee to access your credit score. While you may in fact want these services or information, there is no need to pay to access your basic credit report. You have the right to access this information from each of the three major credit bureaus once annually. Simply follow the steps laid out here, and you’ll be able to get your free credit report. • First, gather any information you may need during the process of requesting your free credit report. You’ll likely need information such as your name and any aliases used, social security number, current and former addresses, and you may need to verify accounts you have open. • Next, go to www.annualcreditreport.com to request your free credit report. It is the only authorized website for users to access their annual credit report for free. Follow the directions on the site and enter the information it requests. You can get your report from all three credit bureaus (Equifax, Experian, and TransUnion) at the same time, or you can vary the time throughout the year that you request the reports. • If you have difficulty with the website, you can request your free credit report by calling 877-322-8228. You will need the same information to verify your request as you would if completing it online. • You can also go to the Federal Trade Commission’s website (www.ftc.gov) and download a form to request you free credit report. If you want to get a free copy of your credit report, just follow the steps laid out here. It is a fairly simple and straightforward process. As long as you have the necessary information to verify your identity, you should be able to access your free credit report quickly and easily.
typically, a credit score will go DOWN a little when you get a loan or have any inquiries on your personal credit information. The credit score usually goes up after there are reports that you have made timely payments on a loan and after you have some assets that are of real value.
Credit reports and the information that they contain are one of the most important pieces of personal information that is used today. This collective of information is referred to as a credit history. Credit reports are maintained by credit bureaus and are accessed as a reference point to in determining a great number of things. Maintaining a good credit history is vital. A credit history contains information regarding a person’s worthiness as a borrower. A credit report may contain information in regards to a person’s employment or rental history, information regarding the unpaid outstanding balance of any account that has been submitted to a credit bureau and information regarding the on time payment of accounts. Another thing that may be noted on a credit report is a fraud alert. A fraud alert is a note that is filed with any of the three credit bureaus, TransUnion, Experian, and Equifax that indicates a person believes that there has been fraudulent activity involving the use of their credit or identity. When suspected fraudulent activity has taken place, a person needs to gather supporting evidence and file a police report. Once a police report has been filed, they can contact one of the credit bureaus and supply a copy of the police report and other information that they may request. The bureau that places the fraud alert will in turn notify the other two agencies as well. A fraud alert remains for either 90 days or as long as 7 years depending upon certain circumstances. Credit reports are used by a variety of companies and agencies for a variety of reasons. A credit report may be used to help in deciding whether or not a job applicant will be hired as an employee. An individual landlord or leasing agency may request a copy of a person’s credit report before renting out a home or apartment. Credit reports can also affect other important matters such as being approved or denied for a loan or a line of credit with another company. As the use of credit reports as an indication of a person’s character increases, so does the importance of maintaining good credit.
bankruptcy will affect you as long as it is reporting on your reports until the SOL runs. Once it is gone from your reports you will see a positive change in your score. Remember just because it is not reporting it still may affect you in some way due to the fact that it is a court ruling and is public information.Bankruptcy typically stays on your credit report for 10 years.
Usually 7 yrs. for most items on your report.
Typically credit reports are updated monthly, but can take up to 90 days in some cases.
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.