We will help you to dispute negative items in
your payment history.
- We will show you
how to maximize your debt ratio score, even if paying off credit cards is not
- We have methods of
increasing your credit history with positive rated accounts that will improve
- We can also help you to remove
credit inquiries from your credit report. Most people are aware of the three
credit reporting bureaus, Equifax, Experian and TransUnion. The average
difference in scores between the highest and lowest of your credit scores, from
the three bureaus, is 60 points. This is the result of the credit bureaus
having different items on their report, which may be correct, incorrect or are
not reported in full compliance with credit law. According to a recent study,
nearly 80% of all credit reports have serious errors on them and this does not
even include the even smaller errors for which we look.
In addition to starting the credit dispute
process with you, what can I do to help raise my credit score?
- Pay all of your bills on
time, every time. This includes your utility bills, mortgage and auto payments,
and all of your revolving lines of credit like credit cards. Check your credit
report at least once a year.
- Never charge more than
30% of the available balance on any of your credit cards. Banks like to see a
nice record of on-time payments, and several credit cards that are not
maxed-out. If you are carrying high balances on your credit cards, then make
paying them down below 30% a priority. Do use your credit cards – many people
who make mistakes with their credit believe that the best way to fix things is
to never use credit again. If you are afraid that you cannot handle your credit
cards correctly then the best policy is probably this one: Run only your
utility bills on your credit cards each month, and then pay the balance in full
by the due date. This ensures that your utility bills get paid on time
automatically, and as long as you keep the habit of paying off your credit card
balance each month your score will continue to go up. Leave the credit cards locked
in a safe or drawer at home.
- Keep your accounts open
as long as possible – even if you are no longer charging on the card. The best
policy is to keep those unused accounts open, blow the dust off your card every
few months to make a small purchase, then pay it off. How long each of your
accounts have been active is a major factor in your credit score.
- Remember that this all
takes time – following the above steps consistently over a long period of time
will increase your credit score and allow you to qualify for better loans and
lower interest rates. Repairing your credit score does not happen overnight, so
if you do these things for a few months and do not see a large increase in your
score, do not give up. They are all habits that you will want to maintain
throughout your life, as they will help you to keep your finances and lines of
credit under control.
How long will certain items remain on my
Information that cannot be in a credit report:
(30-180 days): A delinquency may remain on file for seven years; from the date of the initial missed payment.
Accounts: May remain seven years
from the date of the initial missed payment that led to the collection (the
original delinquency date). When a collection account is paid in full, it will
be marked as a "paid collection" on the credit report.
Accounts: When a delinquent
account is sent to a collections company. This will remain for seven years from
the date of the initial missed payment that led to the charge-off (the original
delinquency date), even if payments are later made on the charge-off account.
Accounts: Closed accounts are no
longer available for further use and may or may not have a zero balance. Closed
accounts with delinquencies remain for seven years from the date they are
reported closed, whether closed by the creditor or by the consumer. However,
the delinquency notation will be removed seven years after the delinquency
occurred when pertaining to late payments. Positive closed accounts continue to
be reported for ten years from the closing date.
Credit Card: If there are no
delinquencies, credit cards reported as lost will continue to be listed for two
years from the date the creditor is contacted. Delinquent payments that
occurred before the card was lost are reported for seven years.
- Bankruptcy: Chapters 7, 11, and 12 will remain on one's
credit report for ten years from the filing date. A Chapter 13 bankruptcy is
reported for seven years from the filing date. Accounts included in a
bankruptcy will remain for seven years from the date reported as included in
- Judgments: Remain seven years from the date filed.
County, State, and Federal Tax Liens: Unpaid tax liens remain for fifteen years from the filing date. A
paid tax lien will remain on one's score for 10 years from the date of payment.
- Inquiries: Most inquiries listed on one's credit report
will remain for two years. All inquiries must remain for a minimum of one year
from the date the inquiry was made. Some inquiries, such as employment or
pre-approved offers of credit, will show only on a personal credit report
pulled by you.
- Medical information
(unless you provide consent) Notice of bankruptcy
(Chapter 11) more than ten years old
- Debts (including delinquent
child support payments) more than seven years old
- Age, marital status, or
race (if requested from a current or prospective employer)