Information On Your Credit Report Can’t Be Removed

Information On Your Credit Report Can’t Be Removed

Information On Your Credit Report Can’t Be Removed

Your credit report is one of the most important records of your financial image. The reason is it contains information about your credit history and can affect your ability to get a loan, a mortgage, or even employment.

Most people feels removing negative information from their credit reports they can improve their credit scores; however, this is not always true, and you may want to consider seeking a credit repair company to help you clear up any items on your report.

What Can’t Be Disputed

There are certain items on a credit report that cannot be disputed, including:

  • Bankruptcies: you’ve declared bankruptcy, it cannot be removed from your credit report for seven to ten years.
  • Foreclosures: If a lender files a foreclosure action against a property you own, it cannot be removed from your credit report for seven years.
  • Tax liens: If you don’t pay your taxes, a tax lien can remain on your credit report for up to fifteen years and cannot be removed. Tax liens are public records and will remain there regardless even if it is removed from the credit report.
  • Civil judgments: Civil judgments, such as those resulting from unpaid child support or other debts, can stay on your credit report for up to seven years. If you failed to repay a payday loan and your creditor filed a lawsuit, it will remain on your credit report until the seven-year period is up.
  • Late payments: Late payments can remain on your credit report for up to seven years. If you’re in doubt how installment accounts affect credit scores, late payments can have a serious impact.
  • Charge-offs: A charge-off is a debt that the creditor no longer sees as collectible. Lenders will write it off as a loss and sell the debt to a collection agency. Once an account has been charged off, it will remain on your credit report for seven years.
  • Credit inquiries: Every time you apply for credit, making the request will remain on your credit report for two years and cannot be removed. Hard inquiries may only be of interest to lenders if made within the twelve months prior to a report being pulled.

Personal Identifiable Information: Any personal information used to identify you, such as your name, address, date of birth, and Social Security number, cannot be removed from your credit report. This information will stay on your credit report unless it is inaccurate or outdated.

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