Posted by Bruce Lawson on October 14, 2003 at 11:23:44:
Statutes vary from state to state on how long items remain on a credit report the standard is seven years or when ever the creditor stops reporting the information.
To increase a credit score decrease debt ratios. Make small purchases on credit cards and pay them off early. Only keep two revolving accounts open and one stationary (mortgage,car, etc…).
Okay, I know alot about how to get credit, how the FICO system grades and I’ve got a list of letters to write to dispute items.
BUT, how in the heck do you get your score up?
The only 1 way I know is the following as closed lines reporting can hurt you also:
I know per the FCRA that credit items do not have to stay on your file for 7 years the law says it ‘can’ stay for up to 7 years, which means it’s flexible. And I know it’s up to the creditor to detlet the item.