- The very first thing, is to get
your credit reports and scores then, look for the Date Of Last
Delinquency aka DOLD or Date Of Last Activity ask DOLA. Once you find these indicators on your credit report, then you will know how long the bad credit accounts will stay on your reports. So how does bad credit stay on my credit report?.
All credit good and bad stays on your credit report for 7 years past DOLD or DOLA. The bad credit hurts most for the 24 months from today's date. 24 months from today back account for 70% of your credit score. This is why it is SO important to have 3 - 6 lines of current rated credit like credit cards, car loans
personal loans and home loan on your credit report. If you do not have any current rated (aka: 12 months payment
activity) then your old bad credit will hurt your score indefinitely. It simply is not enough or not getting good credit, by just paying off bad credit. Furthermore, Cell Phones,
Satellite, Cable, Gas Bills, Water Bills and Electric Bills are not credit at all unless you do not pay. If you do not pay then utilities are all they can be: BAD CREDIT. So make sure you have 3 - 6 lines of current rated credit.
Does paying charge off
accounts increase your credit score?
Yes. IF you have 3 - 5 lines
of open rated reported good credit like car loans, home loans and credit
cards. NO if you don't. And it might lower your score for 3 - 5 months but
will raise it within 1 years for sure because you have reduced your
balance to credit limit ratio from 100% to 0%
- How quick does a credit card show up on a credit report?
In less than 30 days IF THEY REPORT TO BUREAUS! MAKE SURE THEY DO! BUT
remember that no credit is rated and helps your score until you have paid
on it for 12 months. 12 months payment activity is needed to prove a
positive payment history.
long does bad credit stay on my credit report? 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?
How long does bad credit stay on my record?
years from the date of the last activity or date of last delinquency
unless you can dispute it, validate it or negotiate it off.
today back 2 years affects your credit report the most or more
like 70% of your credit score is compiled by anything on your report
2 years from today back. Anything over 2 years old has less than 35%
effect on your credit score. So make sure you have good current
long do collections stay on your credit report?
7 years past
the reported date or date of last activity or past the next time the
collection is sold to another collection company. Validate,
negotiate all collections!
- 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 the most 2 years past the date
you pay it off.
How long does it take for your credit report to
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
I can't find all
3 scores and
reports for free
here. I would
not offer this
if I hadn't used
it myself and
believed in the
offer. 1 merged
score is not
what banks see.
all 3 scores and
all 3 reports.
We should too.
What is effect of charge off on credit?
- DRASTIC. A charge off can lower your credit score by up
to 100 points. Depending on what other good active rated credit
long do it take for a new credit card to show up on my credit report?
The new credit card will show up on your credit report in 30
days or less (if they report to bureaus) but there will be no
effect one way or the other on your score for 12 months in most
if not all cases because it takes at least 12 months to prove
that a person can make payments on time. This is called rated
- How long does it stay on credit
report or how
long does a 30 days late stay on a credit report? Credit
shows up on your credit report for 7 years and 10 years on some matters of law
and forever on unpaid liens. The effect is minimized after 2 years. Your
credit score is weighted heavily ( 70% ) on the past 2 years from today's
date. Everything older than 2 years has limited effect. This is why some
credit repair people tell you not to pay collections and stuff if they are
old. I disagree. It looks good that you paid, it reduces the debt to credit
limit ratio from 100% to 0%, after 6 months your score usually goes up and
MANY bank will flat turn you down with unpaid stuff on your credit
- How long do charge offs stay on a credit report? 7 Years
How many points can my credit score go up in a
5 - 300 depending on many factors.
- How long do inquires stay on your report? how
long do charge offs stay on credit history? 7
- How long does bad credit stay on my credit report. 7 years. The last 2 count 70% of your score. Bad credit, good credit, collections, charge offs, liens, credit cards, bankruptcies,
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 you negotiate with the creditor to have the account updated.
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
Accounts or records within the past 2
years (good or bad) affect my credit rating the
If I do not keep
open 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
It takes 15 - 40 days to complete the
dispute and update process.
15 days if my dispute is denied or
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
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
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”.
depends the credit I guess
you can have a home or car loan and until
you pay the loan off completely
day late mark will show 7 years AFTER the loan is paid in
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
BK will show for 7 years
after you pay the thing off in full or DLA
with a collection the DLA
dates can be changed or sold over and over and
last for way more than 7 years.
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
If a credit card company or
some other loan company sells my already bad
collection agency the 7 years might start again.
Now, you what you
REALLY need to say is that if the collection agency changes
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
I guess I
should reword that
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 lBUT
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.
up twice when sold for pennies on the dollar to a collections
company with a new date report.
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
How long does bad credit stay on my credit report. 7 years. The last 2 years count 70% of your score. Bad credit, good credit, collections, charge offs, liens, credit cards, bankruptcies,