Can You Get Your Credit History Wiped?

Are you looking for a way to clean up your credit report? Paying to eliminate is an agreement with a creditor to pay all or part of an outstanding balance in exchange for that creditor removing derogatory information from your credit history. Credit reporting laws require that accurate information remain in your credit history for up to seven years. But, there are a few options available to help you get your credit history wiped. The first step is to identify and challenge any inaccurate elements of your report with the help of an expert, such as Credit Glory. You can then contact your creditors and request a cancellation payment, although they may not grant it.

Credit Glory requires the active participation of its customers in relation to the requested documents and information, including the results of the investigation, to obtain the desired result of a solid and accurate credit report. Most negative items should automatically disappear from your credit reports seven years after the date of your first late payment, at which point your credit rating may begin to rise. Derogatory items can remain on your credit reports for seven to 10 years or longer, in accordance with the Fair Credit Reporting Act. The specific number of years an adverse credit mark lasts on your credit report depends in part on the type of debt in question. You may be entitled to additional free credit reports under certain circumstances, for example, after you place a fraud alert, become out of work or receive public assistance, or if you have been denied credit or insurance in the past 60 days.

Finally, difficult questions arise when a potential lender, creditor or service provider requests a copy of your credit report from Equifax in response to a credit request or certain services. Adverse credit ratings influence your credit score less over time, but it's best to avoid falling into debt in the first place. Even after you add unpaid medical debt to your credit report, it may not influence your overall credit score as much as it does on other accounts in the process of collection. Get the basics you need to stay on top of your credit, such as access to an agency's credit rating, blocking credit reports from Equifax, and alerts.