Negative Credit Report Information: How Long to Fall Off Report?

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Posted: Wed Jan 12, 2005 11:24 pm
Post subject: Negative Credit Report Information: How Long to Fall Off Report?
Wilson
Date: 8/10/2000 6:22 pm CDT

Can anyone tell me that after you have been approved for secured credit cards how long does it take if you have negative information on your credit report before a credit will approve you for a prime rate credit card. I have been repairing my credit for a long time now and I still have some delinquent info. on the report. The delinquent accts.are all paid in full. Help !!!!!

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archive
Posted: Wed Jan 12, 2005 11:24 pm
Post subject: Negative Credit Report Information: How Long to Fall Off Report?

Board Monitor - AD
Date: 8/10/2000 7:08 pm CDT

Dear Wilson,

Negative information usually remains on your credit report for up to seven years (i.e. delinquencies from 30 to 180 days after their due dates, charge offs, closed accounts, etc.).

However, it only takes a few years or less of good payment history with your creditors for a low interest rate card.

You might also want to consider closing off inactive open accounts as having too many open credit card accounts reduces the chances of being approved for credit in the future.

Sincerely,
Alex D.
http://www.creditcardfreedom.com

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CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!

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