Neg. information on Credit Report

Accurate Negative information generally can be reported for seven years but there are exceptions.

- Bankruptcy information - 10 years

-Job app. 20,000 to 50,000 a year - no time limit (can show job stability)

- Lawsuits or judgments against you - 7 years or until the status of limitations run out.

- Default information, US Government/Student Loans - 7 years from Default

-Tax Liens - 7 years from date paid or you lose your Home

* Rules to keep in mind - The Statue of Limitations have nothing to do with the length of time something can stay on your credit report.

* The length of time a negative report mark can stay on your Credit Report starts from the time you were late, or the late payment went to collections, not from the last time you made a payment on the account.

* Some collection agencies update their reporting status on you to keep the account active with the Credit Bureaus, to extend the time the account appears on your report. CHALLENGE this!!! If you do the Bureaus will correctly remove it 7 years from origination.

Te Easiest way to analyze results of a successful challenge is to compare a new credit report with the old one. Simply go down the list of negative items and note the absence of Negative listings or a change in the account listings.

5 results of disputed listings

1) The disputed listing was not investigated - so dispute it again

2) The disputed item was investigated but verified. The creditor may have simply faked the investigation to get you off their backs. Provide solid proof and dispute again

3) The disputed listing was investigated at to the correctness of the information without contacting the reporting agency - again provide proof and dispute again
4) The disputed listing was investigated as to whether or not the listing belongs to you or someone else.

5) Disputed listing was deleted or improved to perfect, but the Negative listing was latter verified after the 30 days. It can be replaced on your credit. You must be notified in writing within 30 days of it being placed back on your report.

Restoring your Credit

-Restoring your credit is a cycle. If you receive disappointing results, remember that it took you some time to create your bad credit and it will take a little time to restore your good credit.

-Collect your results, and start over in 60 day cycles
It is Choice not Chance that Defines our Destiny.