credit score: Can you remove late payments from your credit? YES you can!
- 10/19/11 09:40 AM
It is possible to remove late payments from your credit report, one process is called re-aging. The re-aging process can remove late payments from your credit report which will help raise your credit score. Yes, you can erase bad debt. So what is re-aging? Most people, even a self-proclaimed “Credit Expert”, is unaware of the positive aspects of re-aging an account. You will find hundreds of articles on negative re-aging. The FCRA is clear that a charge-off can only be reported in a credit history for 7 ½ years from the date of the first delinquency. As accounts are transferred from … (7 comments)
Previously we described the composition of a credit score. Now, we will share with you some helpful tips on how to maximize your credit score within each "score bucket". Payment History Tips – 35% of your credit score Pay your bills on time - Delinquent payments and collections can have a major negative impact on your score. If you have missed payments, get current and stay current - The longer you pay your bills on time, the better your score. Be aware that paying off a collection account will not remove it from your credit report - It will stay on your … (0 comments)
The Truth on Credit Restoration, Credit Repair and How Long to Repair Credit
Contrary to what the credit bureaus would like you to believe, credit repair does work and can work for 100% of people in most circumstances when accompanied with Credit Coaching and Credit Education. This is, of course, provided you are getting the best advice and have an experienced professional working on your case. How long to repair credit is really the question and that will depend on your situation. If you are looking for FHA credit or credit to obtain a FHA loan that will be different than someone who wants their score high enough to realize the benefits a 720 credit score can give you.
It is possible to remove late payments from your credit report, one process is called re-aging. The re-aging process can remove late payments from your credit report which will help raise your credit score. Yes, you can erase bad debt. So what is re-aging? Most people, even a self-proclaimed “Credit Expert”, is unaware of the positive aspects of re-aging an account. You will find hundreds of articles on negative re-aging. The FCRA is clear that a charge-off can only be reported in a credit history for 7 ½ years from the date of the first delinquency. As accounts are transferred from … (7 comments)
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