Fixing Your Credit

If you have problems with your credit, you should know your rights under the law regarding your credit information. First of all, you have the right to dispute mistakes or outdated information contained in your credit report. The credit reporting companies must investigate the information you question, review information underlying the dispute, and provide you with a written report of the results of the investigation. If it’s determined there was in fact a mistake, then the error must be corrected. However, when negative information in your report is accurate, it won’t be removed, but it won’t stay on your report forever. Most accurate negative information can stay on your credit report for up to seven years and bankruptcy information can remain for 10 years. Information about an unpaid judgment against you can be reported for seven years or until the statute of limitations runs out, whichever is longer. For more information or assistance with your credit history, contact an attorney in your area today.