Credit report - Free online credit report - Online credit report - Credit report repair - Free credit report - Credit bureau report - Consumer credit report
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Free Credit report, Is there quick and easy way to repair credit history? |
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Is there quick and easy way to repair credit history?No. There is none. No one can legally erase, correct, or repair information that contained in your credit file if it is accurate. Credit Reporting agencies must keep negative information for 7 years and bankruptcy for 10 years according to FCRA. The Consumer has the right to correct the any items on credit file but only those which are not correct. Another way to repair your credit history is to present consistent on-time payments for a long period of time. If you have a negative item on your Credit Report the weight of this item becomes lesser with every each year. In this case you can really tell that "time cures". Information in Consumer credit profile will be changed only if the items are wrong, or are dated beyond the 7 or 10 year period, required under FCRA. However, there are measures you can take to increase your Credit score and chances for receiving credit in the future, even if your applications have been declined in the past. If your credit file contains late payments, delinquencies or other negative items, you may be denied credit for large purchases. |
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