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 jc724
Joined: 10 Aug 2007
Posts: 1
1.37 Dollars($)
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 Posted: Fri Aug 10, 2007 4:12 pm Post subject: Should I remove old accounts from my credit report? |
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| what shows good credit history. I have good accounts from 1998 on my report. I am in the process of disputing some inaccurate information and accounts that have been paid in full. I just want to know if I should have accounts from 1998,1999 removed. We are looking to buy our first home and have worked very hard to pay off some negative info. |
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miller_st
Joined: 17 Jan 2007
Posts: 917
168.92 Dollars($)
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| Posted: Fri Aug 10, 2007 4:38 pm Post subject: |
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If there are no major derogatory marks on your credit report like charge offs, lates, previous foreclosure or bankruptcy, collection accounts ... then it will be considered that you are in good financial position. Your loan approval will be faster because of the clean credit history you have.
From the details you have provided it seems your overall credit profile has been good except for a few wrong entries which you are disputing and trying to get them removed from your report.
At the time you apply for a mortgage they will basically look at credit profile for the last 2 years and how your payments have been on the debts you had. If you are regular with the payments then you are in a favorable position.
Miller |
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Niicss
Joined: 03 Oct 2005
Posts: 2620
Location: New Jersey
409.63 Dollars($)
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| Posted: Fri Aug 10, 2007 7:18 pm Post subject: |
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| Quote: | | I just want to know if I should have accounts from 1998,1999 removed. |
As these are good accounts, you should not close them. They are positive entries in your credit record which improves your creditworthiness.
_________________
Good is the Enemy of Great. |
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larry
Joined: 27 Jun 2007
Posts: 3328
474.49 Dollars($)
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| Posted: Mon Aug 13, 2007 11:49 pm Post subject: |
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Hi Jc,
When you have overall good credit history, you will not face much difficulty in obtaining a loan. Lenders generally look at the borrower's credit profile for the past 2-3 years. If the credit history of that period is well built, then there is no problem for you to get the loan. |
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nacy
Guest
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| Posted: Tue Sep 15, 2009 6:17 am Post subject: all my good credit has been removed |
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| all my good credit and loan payoffs was just recently removed from my credit report.why does the credit bureau remove this? |
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smithsussane
Joined: 18 Sep 2008
Posts: 3738
Location: Alaska
561.45 Dollars($)
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| Posted: Tue Sep 15, 2009 11:07 pm Post subject: |
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Hi nacy!
Welcome to forums!
It's quite surprising that the credit bureau has removed the loan payoffs from your credit report. Did you speak to the credit bureau about this? I think you should speak to them and they would clarify the whole thing to you.
Feel free to ask if you've further queries.
Sussane |
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