The Federal Trade Commission encourages consumers to be cautious about companies that promise to repair your credit and remove negative information for a fee, so before using companies such as this, please bear in mind:
1) No one can change negative information which has been reported correctly.
2) The only way to remove accurate negative information from your file is to wait until the
legal time period has expired (see chart below).
3) You can repair your credit yourself for free by using sound credit practices.
If you have had ___ It will stay on your credit report ___:
+ Late payments: 7 years
+ Judgments: 7 years
+ A short sale: 7 years
+ A foreclosure: 7 years
+ Chapter 13 bankruptcy: 7 years from filing date
+ Tax liens: Until lien is paid in full, plus 7 years (though they may remain indefinitely)
+ Chapter 7 bankruptcy: 10 years from filing date
If you have questions about your credit, or need a referral to my preferred lender - whom my clients have used, loved, and is sure to knock your socks off, contact me via email or (619) 209-9953 today!
Krista Bell, REALTOR
(629) 209 -9953
*Source: Nabil Captan, The Credit DVD