I have atleast 4 major credit debts that was in the early 90′s i thought bad debt only remains on your credit for no longer than 7 years its almost over 10 years but they still show up on my credit reports. Is there anything I can go legally to take those off my credit history, Specially now that I am trying to rebuild my credit.

You need to dispute these accounts with all 3 credit bureaus stating the per the Fair Credit Reporting Act these accounts are to old to be listed on your credit report.

How do i clean up my credit report. I have paid balances on it and non paid. No one has sent me any bills Im not sure what i owe out.
Is there a service a can contact to help me with this?

Contact a credit reporting agency. You usually get one free credit report each year, I think. You should pay off any past due outstanding balances, and close any accounts that you don’t use. Pay your bills on time, that is the biggest piece of advice.

I heard you can raise credit score if someone add you to their credit line, does that person need to have a good credit score in order for your credit score to go up?

Not only do you need to be added as an "authorized user" it needs to note your social security number. I can add "Joe Smith" to my Visa card and the credit agencies won’t know Joe T. Smith from Joe W. Smith. Now, if I add Joe Smith with SS# 999-888-7777 to my acct it will link up with his credit report.

My parents did this for me when I just started out. It gave my credit a big boost since they ahd the card for a long time, always made their payments on time, had a high limit and a low balance. I would just pay for whatever I charged and it worked out fine.

Make sure though, that if you are going to BORROW someone’s credit that you treat it well. Also, if you are going to LEND your credit to anyone wether it be adding an authorized user or co-signing please make sure that you trust the person and that they are good for the loan!

My credit history is a little sketchy with a few bad months of late credit card payments. I am afraid my potential having bad credit will keep myself and roommates from renting.

If I have bad recent credit history but my 3 roommates have good credit, will I ruin our chances?

Your credit shouldn’t prevent everyone from getting the apartment because there are a lot of people with less than ideal credit that can rent. However, if there is a problem, you could always have their names on the apartment, and you just pay your portion to them every month.

Leasing offices check a variety of factors, including employment and income, having a lower credit score shouldn’t prevent you from renting.

I have a few accounts in collections and my credit got ruined due to a lay off since 2000. Does your credit report clear after 7 years even though you have not paid the accounts? Thanks.

The first two posters are incorrect – it is illegal to re-age accounts and have them run for longer then the orginal time.

If the accounts you have are credit cards, then they will remain on your reports from the first time you became 30 days late and never brought the account current leading to the charge off.

If they are loans, medical, utility, etc, then the obsolescence date starts from the last payment.

Keep in mind that just because they fall off your report in 7 years does not mean the creditor or collector cannot sue if you are still within the collecting SOL for your state.

If you don’t know the collecting SOL for your state, you might click on my profile and click on the link listed to find your SOL

Mastercard debt is truly a menace and lots of folks are facing it around the world. Card debt consolidation and bank loans are quite well known as techniques of reducing and eliminating Mastercard debt. In all this misunderstanding, Visa card debt negotiation just about gets forgotten. Well, Mastercard debt negotiation starts right from your credit accounts where you’ve got the most forceful card debt. This suggests Mastercard debt negotiation must be taken up with your present credit suppliers. Before you misinterpret it, let me clarify that we aren’t talking about chucking off a little of your debt through Visa card debt negotiation. We are chatting essentially about using credit card debt talks for getting the APR on your present mastercards reduced to some lower figure. Therefore Mastercard debt negotiation is about speaking to your present card providers for telling them about your target to clear off your Mastercard debt and using your talents ( Visa card debt negotiation abilities ) to agree a lower APR rate with them. Essentially , Visa card debt negotiation is about asking your present Mastercard providers for help / help in clearing off your ATM card debt. If Visa card debt negotiation is successful, it’ll save you not only cash ( due to decrease in APR ) but also the trouble that’s linked with looking out for a new Mastercard ( to transfer balance ). However, if the Visa card debt negotiation, with your present Mastercard supplier, doesn’t yield the required results, you’ll have to look for other credit providers who will help you in consolidating your debt. Again, you’ll need your negotiation skills ( rather Visa card debt negotiation abilities ) to get a fair deal from them. If your Mastercard debt talks work out well, you may be ready to get a very low standard APR or you could get a long term on 0% APR ( or you may get both ).

These are truly the most vital things and your Mastercard debt talks should concentrate more on these than the rest. The next thing to incorporate on your ATM card debt negotiation would be the borrowing arrangement and other benefits. Here, you are essentially testing the chance of getting a better Visa card as a part of your Visa card debt negotiation.

For people with really bad credit history, getting an unsecured bank loan or getting another Visa card ( for balance transfer ) is truly tough. For them, getting an unsecured bank loan or Mastercard is what you would term as credit card debt negotiation. So, don’t hesitate in going for card debt negotiation. It is certainly a choice available for all.

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I’m trying to fix my credit and raise my credit score what are the steps to do that. I read that if you have any debt on your credit report over 2yrs. do not pay it because it lowers your credit score. Is this true.

It’s a pretty easy process…. but it takes a long time. You have to be patient. I would consider cutting up most of your credit cards and then adding everything up and decide which one to pay off first. Then when you’re done with that one, say you paid $50/mo, add it to the next one. So if you were pay $50 on the next one, you would now be paying $100/mo.

And you probably heard wrong about not paying credit cards. You should pay them, but if you haven’t paid them and you are close to the statute of limitations for your state then do not pay. When you reach the SoL you legally do not owe that money any more.

Also, as far as your credit score it will take a while to go up. Even though credit companies are suppose to report every month, sometimes they don’t. or they only report the bad, not the good.

And your credit score is a calculated formula, so if after you pay off most of your debt, but still have many cards open & with balances, your credit (FICO) score may still remain high until your debt to income ratio goes down. So, if your income goes up, your credit score can also have the ability to go up.

I agree with the previous poster….. do not pay for someone to give you advice. If anything go to your local CCCS.

Good luck!
email me: vetsmom_rgv
i can help 4 free

I’m interested in applying for a department store credit card like Carsons, Target, Wal-Mart, etc. However, my credit is not all that great right now but I would like a chance to RE-BUILD it. Does anyone have any experience with getting a department store credit card but you had bad credit? I appreciate and thank-you guys in advance for your kind answers and intelligent business advice.

It depends on whether or not you have unpaid bills on your report. If you do, it will be hard to convince a credit card company that you’re going to pay them.

You might try local merchants such as American Eagle, or a jewelry store. They’re pretty easy to get.

First, get copies from all three bureaus, Equifax, Trans Union, and Experian.
You will find some things on one but not the other in most cases.
Begin to make arrangements with the accounts that are still reporting active information. No matter how late, get some type of payment arrangement set up with them.
Then, start working on the items that are no longer active. You can tell the last date reported on the bureaus. Try to clean up as many of them as possible.
Stop applying for credit, this takes points away, and does not look good if you have too many inquires.
If you have an auto or mortgage, PAY THEM ON TIME, every month, these type accounts will produce more positive points for on time payments than revolving or credit card accounts.
Good luck, it won’t be easy, but it will be worth it in the long run.
If you have any specific questions, you may contact me directly.

http://www.CrushingTheCreditBureaus.com — Inside You Will Learn 13 Battle Tested Tips & Techniques For How To Fix Bad Credit Scores

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