Do not Leave Things as Is- Be Proactive
Is it okay to forget all about your credit history and don’t do anything about it? Credit Repair San Antonio – That must have crossed your mind. For starters, it is something that is almost impossible since as you continue to live your life and go through the ups and downs, you will need things. You cannot put your life on hold.
Yeah, we will admit that things you purchase using your debit card will not affect your credit score; but be realistic… how many people buy homes and cars from debit cards? That being said, it is important to know how long various types of events will stay on your credit report.
- It takes seven years for bankruptcies (chapter 13), collection accounts, civil judgments, paid tax liens, and late payments to disappear from your credit history.
- Bankruptcies (chapter 7), closed accounts, and unpaid tax liens would be wiped from your credit history after ten years.
- In contrast, credit inquiries stay for only 25 months on your history.
It is evident from the above information that you just can’t take these events lightly. Even a simple credit inquiry can take a hit on your credit history for over two years.
Harmful Credit Score Myths
You should not fall for these credit score myths.