Comments on: More Consumers Improving out of Subprime Credit Scores http://blog.equifax.com/credit/more-consumers-improving-out-of-subprime-credit-scores/ Fri, 17 May 2013 00:53:39 +0000 hourly 1 http://wordpress.org/?v=3.5 By: Gary D http://blog.equifax.com/credit/more-consumers-improving-out-of-subprime-credit-scores/#comment-16509 Gary D Tue, 19 Mar 2013 22:43:59 +0000 http://blog.equifax.com/?p=4726#comment-16509 I have paid off a ton of old debt, and have current ontime payments on my “newer” accounts. I have been working diligently to improve my credit and credit worthiness, however my credit score isn’t improving. How long after paying off old debt and making ontime payments will it take for my credit score to improve?

]]> By: EFX Moderator, EM http://blog.equifax.com/credit/more-consumers-improving-out-of-subprime-credit-scores/#comment-15560 EFX Moderator, EM Mon, 11 Feb 2013 18:40:45 +0000 http://blog.equifax.com/?p=4726#comment-15560 Shannon & Michele, great question. Late payments and accounts not paid as agreed generally remain on your credit file for seven years from the date the account first became past due, leading to the current not-paid status. It’s important to note that accounts with current statuses, such as R1 (revolving debt) and I1 (installment debt), that reflect previously late payment history will remain on the credit file for up to ten years from the date of the last activity–only the late payment history is removed after seven years. Click here for more information on how long information stays on your credit report.

Your credit file reports information given to the credit reporting agencies by the lenders. If you feel the items are incorrect in any way, you can file a dispute with each of the credit reporting agencies. It’s important that your credit file contain accurate information.

Thanks for posting.

]]> By: Michele http://blog.equifax.com/credit/more-consumers-improving-out-of-subprime-credit-scores/#comment-15465 Michele Fri, 08 Feb 2013 21:27:09 +0000 http://blog.equifax.com/?p=4726#comment-15465 I also have negative items from 2006 and prior showing on my credit report. Is it possible to get this stuff removed and if so how? Please help, thank you!

]]> By: EFX Moderator, EM http://blog.equifax.com/credit/more-consumers-improving-out-of-subprime-credit-scores/#comment-15302 EFX Moderator, EM Tue, 05 Feb 2013 22:48:46 +0000 http://blog.equifax.com/?p=4726#comment-15302 Joanna-Caruso Nason, Lenders can sometimes do routine checks on your credit file and they can make decisions about your account then. You’re right though. A history of on-time payments is very important. It makes up 35% of your credit score and should have an impact on the lender. I hope talking with them resolves this issue for you. Please let us know how it goes, and thanks for posting.

]]> By: Shannon Emery http://blog.equifax.com/credit/more-consumers-improving-out-of-subprime-credit-scores/#comment-15279 Shannon Emery Tue, 05 Feb 2013 04:56:59 +0000 http://blog.equifax.com/?p=4726#comment-15279 If I have credit from 2005 or 2006 shouldn’t it be taken off my creit report now? It’s 2013 and that would between 7-8 years? I think that i also have some from 2004! Please help me out

]]> By: Joanna-Caruso Nason http://blog.equifax.com/credit/more-consumers-improving-out-of-subprime-credit-scores/#comment-15237 Joanna-Caruso Nason Sun, 03 Feb 2013 20:22:36 +0000 http://blog.equifax.com/?p=4726#comment-15237 I just can’t believe that a 688 credit score and a 697 score and the last score is in the ballpark of the 2 my Amex card cut my credit after 5 years of never a late payment & making at least $400 on all my accounts if not more. I am appalled by this & will discuss this with them & they don’t reinstate my credit to where it was they can have their overpriced cards. Yes I have some debt. Yes I have used my cards to supply a new business but I am being responsible too. I make really good money own my card outright etc. don’t they look at my payment history with them or am I just a number they receive from you?? It’s very unfair how they judge you & not look at the big picture I am truly upset over this & if my loyalty goes unnoticed then they can have all my cards back & I will stay with my loyal creditors who have not cut my credit lines. It’s easy because this debt is temporary but my loyalty is forever

]]>