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How
long does bad credit stay on your Credit Score? How long do bad
accounts stay on credit report? How long does a charge off stay
on ones credit report? How long do bad marks stay on credit report?
Credit stay on record how long?
7
years from the date of the last activity or date of last
delinquency. How long will a car loan stay
on your credit report after paying it off?
A car loan or home loan or personal loan will
stay on your credit report for 7 years past the date you pay it off.
The loan will affect your credit report for 2 years past the date
you pay it off. How long does it take for your credit report to
update?
Each creditor reports
every thirty days which can be from the date the account was started
or at the end of the month the beginning of the month and maybe even
the middle of the month. Then you have disputes, payments, charged
offs and the like. Federal law states that a creditor gets thirty
days to respond to a dispute. But a credit report can be updated or
get an update in hours, less than 24 hours, the same day, 2 days, 1
week, 2 weeks, 3 weeks, 1 month or 30 days depending on what you are
doing. Your credit report will show you are 1 day late on your
payment. So expect and demand instant update on your credit
report. how long do charge offs stay on a credit
report. How many points can my credit score go up in a
month? how long do inquries stay on your report. how
long do charge offs stay on credit history
Quick question for
you,though;you keep saying that things will fall off 7
years after the“date of
last activity”.I believe
this to be false. This should be 7 years from the“date of first delinquency”.
No? depends the credit I guess
you can have a home or car loan and until
you pay the loan off completely
any 30
day late mark will show 7 years AFTER the loan is paid in
full.
I know it happened to me with
Toyota motor credit.
with credit cards the
date of the first AND last will show for seven years unless you can
prompt them to only report the past 24 months
with a chapter 13 bankruptcy
the BKwill show for 7 years
after you pay the thing off in full or DLA
with a collection the DLAdates can be changed or sold over and over and
last for way more than 7 years.
but as
a rule and a credit fact for fair credit reporting. Credit, good or
bad, falls off your report 7 years past the date of last
activity.
You
state:
If a credit card company or
some other loan company sells my already bad
account
to a
collection agency the 7 years might start again.
Now, you what you
REALLY need to say is that if the collection agency changes
the
DOLA, then they
also committed a violation of the FDCPA and you may collect
damages for this violation if you sue them. The
date of Last Activity CANNOT
change if the
account is sold
-----------------------
on the original account it cannot
but is sold then a totally new date can be
started
I guess I
should reword that
thanks
-------------------------
No it cannot. You better look that one up
again. It is the same debt
and must keep the
same DOLA. That has been affirmed in case law.
-------------------------
maybe so in case law
BUT
it happens everyday
in the thousands, thousands.
and who in
their right mind is going to get a lawyer to straighten that out.
it is called duplicate accounts, collections
and, original creditors accounts.
they show
up twice when sold for pennies on the dollar to a collections
company with a new date report.
this starts
up the whole 7 year thing again and bam you are screwed.
so what do think a
person should say to these people that these things happen
to? How long do credit records
stay on my credit report? How long can a credit card charge
off remain on my credit report? 7 years for good or bad
credit. 10 yrs for law and infinity for tax, or
criminal Unless I negotiate
with the creditor to have the account updated. Here are some general rules of thumb
for how long credit can stay on my
Get your Credit Score from CreditReport.com -
fast, free and easy! Accounts good or bad will be on my
report for 7 years past the "date of last activity" listed on the
account, record or file. After 2 years the level of importance
is greatly diminished but the accounts remain on my credit
report. Accounts or records within the past 2
years (good or bad) affect my credit rating the
most. If I do not keepopen
lines of credit my score will vanish in 2 years. If a credit card company or some other
loan company sells my already bad account to a collection
agency the 7 years might start again. If I have good credit that is less than
12 months old or (not rated) then, the account will not help my
credit score but will show on my report. How long does it take to dispute a credit
record? It takes 15 - 40 days to complete the
dispute and update process. 15 days if my dispute is denied or
deemed frivolous. If the dispute is sent to a creditor
for verification and the creditor does not answer, the dispute
will take 30 days plus to be removed from my credit
report. My credit will be updated before I get
the dispute response letter in my mailbox.
How long do inquiries stay on
my credit report? Usually three years. After 1 year
diminished credit effect. More than 25-30 inquiries can lower my
score but not by 50 points. 20-25 points max I would guess. No one
knows exactly. Even the bureaus don't give
We must have 3 - 6 open car/home loans/credit
cards to improve credit scores! It's not enough to pay off
collections charges offs & bills. We MUST have current open
rated credit (12 mo's reported to bureaus within the last 1 - 2 yrs)
Get good credit BELOW
Credit Cards for a 350
- 599 Credit Score
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649 Score
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