More often than not, listings on your own credit file shall stay for between two to seven years. As helpful information, your payment history is maintained for 2 years.

More often than not, listings on your own credit file shall stay for between two to seven years. As helpful information, your payment history is maintained for 2 years.

Then lenders will likely be satisfied that you are not a default risk and will often be willing to offer you a bad credit loan if you’ve got a good credit score and have a history of making repayments on-time. A series of missed repayments or defaulted loans in your past may make it difficult to access the credit you require on the other hand.

Could I eliminate credit that is bad from my credit history?

Generally in most situations, listings in your credit file will stay for between two to seven years. As helpful information, your payment history is maintained for 2 years. Having said that, overdue records and credit that is new, may stay for approximately 5 years. Major credit problems ( ag e.g. court judgements) can up remain for to seven years.

Having said that, if you’re monitoring your credit report and find out an wrong listing, then it is feasible to have it eliminated. These mistakes could add debts detailed for the incorrect quantity, debts detailed twice or even reports developed because of identification theft. Continue reading “More often than not, listings on your own credit file shall stay for between two to seven years. As helpful information, your payment history is maintained for 2 years.”