Credit reports contain all of your financial information that the credit bureaus gather and organize into one big report of your personal financial history. It accumulates both positive and negative information and the details are used to calculate your credit score. Do you know how long certain items linger on your credit report? Take my quiz!
1 of 3Question 1
Hogan
O'Neill
Littlewoods
3/3 Yeah! Good so just 2 more years and my credit card boo boos will be gone
1Wow - 3/3, I am better than I thought
2ha, 2 out of 3 and i used to work in mortgages and deal with credit reports constantly.
3oh well...
Yeah, the one thing GWB did that really was excellent was limit the negative FCRA info and collect efforts to 7 year then it gets expunged and debtors cannot represent it or put it back on your report or attempt to collect on it. 7 years of a punishment then done.
The indefinite good also changed when GWB took office- it used to be the between 7 and 10 years then pop it disappeared if it was no longer active.
4i was just wondering about this this morning. thanks!
5woo hoo - i got them all right. i don't know how/why i know so much about the credit report process....
63/3 I know my stuff...
I guess after a few mistakes I've made in my younger yrs I have this stuff burned into my brain.
72/3 wasn't that bad.
8whoa. I totally didn't think I knew the answers and I got 3/3!
9I am horrible! I no nothing about credit history. Oh well, now I now. Thanks SavvySugar!
103/3!!
11At least now I know.
12I have a ? if I may. If you have a tax lien that is released. how long would it stay on your credit report. Also what could you do to get it removed. Thank you for your time.
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