Knowing the debt collection statutes can assist in negotiating debt!
In addition to Credit Reporting Statutes of Limitation, there are statutes of limitation that apply to debt collections, in terms of how long a creditor has to collect on a debt using a lawsuit.
Real world strategies for improving credit scores.
Let’s dissect each of the five scoring elements and consider them in terms of their relative connection to practical, real-world actions you can take to improve your credit rating.
How long can bad credit stay on your credit report?
Sometimes it can seem like trying to read an Aztec Calendar when attempting to understand the nuances of credit reporting statutes of limitation. The short answer is that credit reporting agencies generally keep bad credit information for seven years, yet by law they can delete the information anytime they wish, even before seven years.1 The long answer, however, is much more complex.
Disputing inaccurate bad credit using letters.
One thing you must always consider carefully when removing inaccurate information is your FICO credit score. Some inaccurate information may not be adverse at all, and its presence may be helping your score more than it’s hurting it.
A young woman’s success story.
I am a young woman in my mid/late twenties who made a royal mess of her credit report as a “new adult”. I have searched high and low, and read every book and website you can imagine about how to clean up my credit score.
Not a single book helped me until this one.