Does certain items on credit report dissappear after a few y

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nika.woodard

Joined: 17 Jul 2009
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Posts: 1

25 Magic Points

Subject: Does certain items on credit report dissappear after a few y

Fri Jul 17, 2009 10:00 pm

On my transunion report it shows an estimated date that an item will be removed from credit report, does that mean it will not affect my credit or credit score anymore after that date? and will it dissappear from all three bureaus?

Sven

Joined: 22 Jun 2009
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Posts: 63

1597 Magic Points

Sat Jul 18, 2009 12:29 am

Yes, that's right.

carol

Joined: 27 Jun 2006
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Posts: 1307
Location: Los Angeles, California

29555 Magic Points

Sat Jul 18, 2009 11:02 am

nika

Technically, your credit score should improve once the collection is deleted from your report. That debt will no longer affect your credit score. But you will have to work your way up with your score. This takes time.
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fireyone

Joined: 26 Feb 2008
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Posts: 4285

127 Magic Points

Sat Jul 18, 2009 12:55 pm

A bad mark on your credit stays for 7 years. Once it falls off and you have kept a good report since it was put on there then yes it should go up fairly fast. Just remember if you make a payment on that old debt that is about to fall off you will reinstate the debt and it will continue to remain on there for another 7 years from the time of your last payment. It also opens you up for legal issues and you could have to repay the debt. Good luck with your score and keep in mind a good score is one of the most valuable things you have.

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