How can I remove negative marks from my credit report?
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You are currently browsing comments. If you would like to return to the full story, you can read the full entry here: “How can I remove negative marks from my credit report?”.
Ashley
my banker told me that while i’m paying down old debt i’m rebuilding my own credit. when dealing w/ creditors, U need 2 negoti8 4 a pay-4-delete agreement in writing. when paying, KEEP yer receipts. IF u kept them, u CAN contact ALL 3 credit bureaus & present PROOF from these receipts by giving the bureaus yer info, & copies of the receipts & a letter explaining each item on the report that’s been pd off. U need 2 specify the acct #s & the names of each creditior u pd. U CAN upd8 yer own file & ask 4 new copies of yer file.
Ronald
Derogatory items age off your credit file 7-1/2 years from the date of first deficiency. This is per the FCRA and nothing restarts the clock. The older the item, the less impact on your score.
That judgment took a huge bite out of your score. It will stay on your report for 7 years or the statutory limit for your state, which ever is longer — it could be there 10 years.
The only thing you can do at this point is wait out the 7 year reporting period and pay all your current accounts on time. You need at least a 24 month consistent, on time payment history to begin improving your score.
About a third of your score is based on the ratio of credit card debt to available limit. Carrying balances of more than 30%, hurts your score. Pay off the credit card balances and get a quick boost to your score. Otherwise, it’s just a matter of time.
Roy
YOu are not the only one who met this problem,I have met this type of problem before.I have good experience here to solve my similiar problem.
Cheryl
If you have credit defaults and you do not pay them they are there for life, just because you say you were young and stupid is not a good enough excuse. however, if you get a credit default and you do pay it in six years time it will be erased from your rating.
I’ve found some helpful info here too:
Take care.