Bad credit hurts you in many ways, lowering your credit score and causing credit application rejections. Often you can remove a lot of bad credit from your credit reports by finding items with mistakes and disputing them. Sometimes you can't fix bad credit completely, and you're stuck with negative items.
Fortunately, most bad credit entries on your credit reports can only appear for a limited time. The vast majority of negatives, like late payments, defaults, charge-offs, judgments, collection agency accounts, repossessions, and foreclosures get removed automatically after seven years. Bankruptcy stays on your credit reports between seven and ten years.
When checking your free annual credit reports, don't just look for mistakes in the individual items. Look for anything over seven years old and dispute the old negative items. Getting rid of them gives you an immediate benefit. Learn more about credit repair for only $2.99 with my comprehensive eBook (free to Amazon Prime members).
No comments:
Post a Comment