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How do you repair bad credit - Answers.com

Fix Bad Credit

1. DELETE COLLECTION ACCOUNTS

Did you know that paying a collection account can actually reduce your score? Here's why: credit scoring software reviews credit reports for each account's date of last activity to determine the impact it will have on the overall credit score. When payment is made on a collection account, collection agencies update credit bureaus to reflect the account...

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Can a satisfied judgment be taken off of your credit report?

A satisfied judgment can be taken off your credit, if it is inaccurate. If the judgment is yours, it will remain for the full reporting period allowed by law.

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I have a satisfied judgment on my credit report. We satisfied this judgment 5 years ago. However, the plaintiff the judgment was awarded to, never bothered to give the court an order to mark the judgment satisfied. And...

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How long does a foreclosure initiated stay on your credit?

Foreclosures remain on your report for 7 years. It is difficult to get a foreclosure removed.

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How long does information stay on your credit report?

Under the Fair Credit Reporting Act information can be included in your credit reports for seven years. But there are exceptions to this rule: . Information about criminal convictions may be reported without any time...

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Does a judgment appear on the judgment debtor's credit report

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If a debt on your credit report says 'bad debt write off ...

= If your credit report reports that you have a bad debt write-off, then it means that the original creditor has written off the debt, but they can still sell the rights to the debt to a collection agency and they can contact you and take legal action.

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Answer . The debt will only be removed when it is paid in full. Or when the SOL of the debtors state of residency...

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What year was the credit card invented - Answers.com

The first credit card, Diners, was invented by Ralph Schneider in 1950.

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Do you still have to pay a credit card debt after seven years?

\n Old CC Debts \n. \nUnless there are some unusual circumstances, the answer would be a resounding YES.\n. \nYou might be confusing this issue with the amount of time some credit problems stay on your credit record.\n. \nHere is...

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