Friday’s Credit Tip of the Week
These days keeping your credit score as high as possible is more important than ever. Just one point can make a difference in your interest rate, costing you thousands of dollars over the life of your loan, or even stop you from qualifying all together.
Each Friday I’ll be posting a credit tip of the week, highlighting important facts that can have an impact on your score.
Today’s tip is about collections and judgments:
If you have any outstanding collections or judgments, they will come off your credit report after 7 years. If they are still appearing on your report after 7 years, you can simply contact the bureaus that are reporting them and provide them proof of the original date to have them removed. However, if the debt is owed to the government on any level, including child support and student loans, the debt can remain indefinitely. Surprise, huh?!
All three bureaus can be contacted online at:
