The amount of time it takes to rebuild credit depends on the amount
of negative credit items in your reports and how determined you are to stick with the process.
The credit reporting time period
for negative credit items like charge - offs and collection accounts starts from the date of first delinquency that caused charge - off or the collection account.
The majority
of negative credit items, including late payments and foreclosures, fall off your report after seven years, and hard credit inquiries only last two years.
Mention of specific codes of the Fair Credit Reporting Act, Fair Debt Collection Practices Act and the Fair Credit Billing Act are contained in the How to Repair Credit and How to Dispute
Specific Negative Credit Items articles.
National Credit Consultants helped me out so much in 2008 to remove several
negative credit items on my credit report to increase my credit score.
The Fair Credit Reporting Act (FCRA) requires that
most negative credit items remain on your credit file no longer than seven years, except for bankruptcy, which can be reported for up to ten years and in rare cases even longer.
They know that there are people out there who are gullible enough to believe that for a
price negative credit items can be removed from your credit report.
Another option to get out of that «bad» credit score range quickly, is to repair your credit score by disputing
negative credit items which are showing up on your credit report.
Errors on a credit report could be due to clerical errors, fraud, or even simple mistypes which can be used to dispute
your negative credit items.
Need to dispute specific
negative credit items?
Those negative credit items included late revolving credit payments.
Once we have analyzed
the negative credit items we have a library of over 100 legally written dispute letters that we will handpick for each account, creating a dispute package and sending it to the credit bureau on your behalf to see that negative item deleted off of your credit.
That means that
negative credit items could still linger on your credit report for as long as seven years.
Do not treat this as
a negative credit item if the veteran entered the Consumer Credit Counseling plan before reaching the point of having bad credit.»