Will paying defaulted student loans improve credit scores
Negative accounts, even paid defaulted loans can remain on your credit report for seven years from the original date of the first missed payment that led to the defaulted off status.
Credit News
Can a dismissed Chapter 13 bankruptcy be removed from credit reports
Once a bankruptcy is filed it is almost impossible to un-ring the bell. Even if the debt is paid, a dismissed Chapter 13 can stay on reports for 10 years.
Negative Authorized User Accounts Can Be Deleted From Reports
Being an authorized user on an account is a good… Read More »Negative Authorized User Accounts Can Be Deleted From Reports
Does check fraud prohibit you from opening a new bank account
QUESTION: Hello, I was recently involved in a Check fraud… Read More »Does check fraud prohibit you from opening a new bank account
Can original creditor report charge-off every month with a balance
Creditors can report a charge-off every month to the credit bureaus but if the charge-off has been sold to a collection agency it must report a zero balance
Should collection accounts under $100 be paid
According to myFICO.com – FICO® Score 8 ignores small-dollar “nuisance” collection… Read More »Should collection accounts under $100 be paid
Can a collection agency for an apartment lease re-age outstanding debt
A collection agency can report the date they received a debt but that does not change the date the debt is due to come off your credit reports.
Why credit scores are different for the 3 credit bureaus
FICO scores can be very different at the 3 major credit bureaus. Don’t assume each credit bureau has the same information in your credit files.
Actions to take when a collection agency does not verify a debt
Collection agencies may not always respond to a debt verification/validation request but that does not the issue is resolved.
How to determine if an account has been Re-aged
Negative re-aging occurs if a collection agency changes the delinquency… Read More »How to determine if an account has been Re-aged