Credit Repair by BestCredit™

Caution: This article covers credit repair letters used to dispute inaccurate information. When disputing accurate information, see BestCredit: How to Win the Credit Game, Chapter 9.

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 complicated.

Bank account bad credit can be fixed.

It's important that consumers maintain a checking account in good standing, since failure to do so will often result in a credit denial for many types of credit.

When you go into a bank and apply for a new checking account, the bank will often perform an inquiry on your credit report (Experian, Trans Union, or Equifax), as well as contact the main clearinghouse for checking account reporting, ChexSystems.

Understanding credit ratings is an integral part of having a successful credit repair program.

Without a fundamental understanding of credit ratings, a credit score can actually go down with the removal of the wrong bad credit entries. This is one of the main reasons why hiring a credit repair company carries high risk.

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.

NY Supreme Court Smacks Down Debt Collector

Previously I wrote an article which outlined the Debt Collection Statutes of Limitation by state. But many debtors often ask, “Which state’s debt collection statutes apply in my case?” The answer is now clearer than ever, since the New York Supreme Court has now weighed in on the matter in Portfolio Recovery Associates, LLC v . King.