WHAT ARE THE HARDEST CREDIT ITEMS TO FIX?

In order to maintain a strong credit rating a FICO score, it is important that you get a copy of credit report every year to ensure that the reported information from all three major bureaus is up-to-date and accurate. Learn more about what you can do to make sure your credit report is accurate.

Most negative items stay on your credit report for seven years from the time they are reported by your creditor. You can try and remove items from your report, however it can be quite difficult. Educate yourself with information on how credit scores are computed.

Tax Liens
Credit laws like the Fair Credit Reporting Act don't have jurisdiction over government agencies. You've got to pay off your liens, with the understanding that so many individuals have satisfied liens on their report that using this against you in a lending decision would be unusual.

Student Loans
Most student loans originate at banks, but are backed by the U.S. government. If you default on the loan, the government won't fix the problem. Since paid loan information is often archived, conducting a credit bureau dispute is often the best way to get rid of derogatory student loan information. Loan organizations are known to be sloppy and slow at correcting their collection errors. This disorganization works in your favor, because once a loan is paid in full, the loan agencies have difficultly finding older data on fully paid loans and fail to meet the deadlines specified in credit reporting laws on confirming or denying your dispute.

Judgments
Items in public record such as judgments, can be removed by repeated letters to credit bureaus denying their validity, especially if you have solid evidence for your position. If you still owe on the judgment, you can negotiate with your opponent's attorney to get an agreement that they will stand still after you pay the debt so that you can file a motion to dismiss the judgment. After you file it, and your opponent fails to answer the motion, the judgment will be dismissed.

Foreclosures
You will likely have to wait seven years to get this off your report, unless you dispute with the credit bureaus and they are unable to confirm it. You may want to consider forfeiting your deed in-lieu-of foreclosure, meaning that you voluntarily give you up your house. Learn more about the effects of foreclosure on your credit.

Repossession
You have to wait seven years for repossession to leave your credit report. Instead of allowing a repossession to occur, you can voluntarily surrender your car.

In conclusion, if you spot misinformation on your credit profile, you need to take the proper steps of correcting your credit report to ensure that you are not unjustly turned down for any type of loan or credit. This will entail writing a dispute letter to the agency reporting. Get more info about the effects of having bad credit.

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