How Long Does Negative Information Remain On My Credit Reports?
Online sources are a good way of getting your free FICO score reports.
You need them to keep track of your bad credit history that may or may not hinder the mortgage approval process.
Or whatever the reason for loan may be, you have the right to remain concerned about negative credit entries in your report.
However, the big question is;
It basically means that all your credit history is maintained for 7 years.
The said report consists of both delayed and on time credit payments.
Also, in case of bankruptcy proceedings, the inquiry shows up for the next 10 years or more.
At times, some negative entries remain on your credit report long past their removal time.
Of course, if you have been keeping track of your credit history though free FICO credit score reports, you'll find no trouble filing for the removal of such entries.
First, make a copy of your credit report and mark down the particular entry.
Enclose a handwritten application and send it to the concerned credit report agency.
They'll take 15 to 30 days to remove the incorrect entry.
Just to give you a head start about the time period of negative credit report entries, do take a look through the appended information.
This is just the state's way of maintaining its records.
You need them to keep track of your bad credit history that may or may not hinder the mortgage approval process.
Or whatever the reason for loan may be, you have the right to remain concerned about negative credit entries in your report.
However, the big question is;
- How long does negative information remain on my credit reports?
It basically means that all your credit history is maintained for 7 years.
The said report consists of both delayed and on time credit payments.
Also, in case of bankruptcy proceedings, the inquiry shows up for the next 10 years or more.
At times, some negative entries remain on your credit report long past their removal time.
Of course, if you have been keeping track of your credit history though free FICO credit score reports, you'll find no trouble filing for the removal of such entries.
First, make a copy of your credit report and mark down the particular entry.
Enclose a handwritten application and send it to the concerned credit report agency.
They'll take 15 to 30 days to remove the incorrect entry.
Just to give you a head start about the time period of negative credit report entries, do take a look through the appended information.
- In case of credit accounts, the information will be there for a minimum of 7 years.
Regardless of negative or positive entries, the U.
S.
Government mandates for these entries to be removed forever under certain special conditions. - Collection accounts also follow the same layout on all FICO credit score reports.
Even if you signed up for 3 free credit scores, the information will still be there.
Except for that fact that there will be a slight different in all those reports, due to their calculation models. - Public records that show up as bankruptcies remain on a credit report for 10 years.
The court may order for the entry to be imprinted for an indefinite amount of time.
But it all depends upon the degree of delinquency. - Tax evasion or tax lien based activities also follow the 7 year protocol.
No questions asked.
This is just the state's way of maintaining its records.
