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How Long Do Negative Items Stay On a Credit Report? by Credit Repair Mike in San Diego CA…
Negative credit accounts, or trade lines, can remain on your credit report for up to 7 years, and bankruptcies and other public records for up to 10 years but there is no conveyor belt where all your negative items just drop off. You have to be vigilant and proactive to make sure what is supposed to happen does happen.
Call 619 743 8884 and get our 20% off discounted full 1 year credit repair for ONLY $399 in all 50 states. (offer ends 12/28/13)
Inquiries on your credit report may remain for 2 years. These are the maximum times that are permitted by federal law for reporting agencies to show negative items; however, these times are not mandatory. At any time, a creditor or credit bureau may remove a derogatory remark from your credit report if the consumer requests an investigation into remarks that they feel are incorrect.
Is There Anything That Cannot Be Removed From A Credit Report?
No, all information reported by the credit bureaus are subject to the same laws and criteria. We may challenge on your behalf any items you request and the credit bureaus must investigate these items.
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Mike Watson Regional Sales Director
Financial Education Services
619 743 8884
http://www.CreditRepairMike.com
Tired of living from paycheck to paycheck or waiting for that next closed deal?Are you looking for extra income? or are you like me and just want some security for the future and your retirement.
There are millions of people in the USA with less than perfect credit and thousands of companies looking for credit worthy clients but only one good, reputable A+ BBB rated Credit Repair Company
Come and check us out this morning and every Saturday morning at 10 am in Chula Vista, Eastlake CA
This is a great fit for a realtor, lender, car salesman anyone that works with people that must have good credit. Imagine being able to work with people you normally loose, this could increase your bottom line by thousands of dollars next year.
Come and see what we are all about or fill out the contact info below
So join us at 2060 Otay Lakes Rd #200, Chula Vista CA 91915
Located next to the Eastlake LA Fitness Center just off the 125
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Mike Watson
http://www.CreditRepairMike.com
619 743 8884
San Diego Credit Repair by Credit Repair MikeWhy Is Our Service So Important? |
Are you being turned down for home loans, refinancing, automobiles, department store cards, or even gas cards? Are you paying a higher interest rate than you should, or has your credit limit been lowered? Are you tired and embarrassed by the constant calls from creditors and collection agencies harassing you? Have you faced repossession or foreclosure? In today’s economic climate, a growing number of Americans suffer from negative ratings in their credit file including delinquent payments, judgments, collections, foreclosures and bankruptcies. Not only do these items prevent consumers from obtaining new credit when they need it most, clients may also face additional penalties such as increased interest rates on credit cards, higher late fees and over-limit fees, shorter grace periods and lowered credit limits. Most people with bad credit are not irresponsible, nor are they unwilling to pay their obligations. In fact, if you’re like most people, you probably maintained a good credit profile until an unforeseen circumstance like a layoff, medical problem, or divorce prevented you from making a few payments in a timely manner. The truth is that most people struggle long and hard to meet their obligations but the money coming in just doesn’t meet the bills going out. If the circumstances become serious enough, many people have been forced into foreclosure or to file for bankruptcy protection. More today than ever before, our increasingly tight credit market demands a high credit score. Why? Over three quarters of all lenders use credit scores when approving loans or credit. The importance of your credit score doesn’t end there. It’s also used to determine your interest rate, the amount of your down payment and the variety of mortgage types available to you if you’re buying a house, your ability to get a car loan, the premium on your auto or homeowner’s insurance, and even your ability to get a job. For example, some insurers are using low credit scores as indicators to identify individuals they believe are more likely to make claims against their insurance policies. These insurance companies maintain that there is a correlation between poor credit and filing multiple insurance claims. Last, but not least, if your credit score is on the low side, you’ll pay a higher interest rate on bank loans and credit cards, and may even see your credit limit decreased. Recent government surveys indicate that less than a third of Americans have viewed their credit report within the past year. Many more do not know their current credit score even though financial experts constantly advise consumers to review their credit reports for accuracy. A recent survey revealed that nearly 80% of all consumer credit reports contain serious errors or mistakes of some kind. This prevents millions of Americans from being able to purchase homes or automobiles, or finance other goods or services they need. You, very likely, could be one of those people with inaccurate information. Additionally, many people are paying astronomical interest rates, or have been denied financing unnecessarily due to low credit scores. Because your financial health revolves around your credit score, it is important that the information your credit report contains be as accurate and up-to-date as possible. Millions of inaccurate items have been removed from consumers’ credit reports since the Fair Credit Reporting Act was passed in 1971. Why shouldn’t YOU join them and start saving money right now?
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