In an effort to reduce their workload, the credit bureaus have cleverly spread this myth and others through the news media to keep you or your agents from challenging their records. The truth of the matter is, provisions of The Fair Credit Reporting Act (FCRA), Fair Debt Collection Practices Act (FDCPA) and Fair and Accurate Credit Transactions Act (FACTA) limit the length of time that negative items may remain in the record. Most histories are limited to seven years, bankruptcy records to ten years. You are allowed to investigate and challenge negative items that remain on your credit report past these limits. You further have the right to challenge any listing that is erroneous, ambiguous, or unfairly reported.
76% of all credit reports contain errors. Your’s may be one of them.
If you don’t have time to do the work yourself, or don’t know where to start, contact the professionals at RMCN Credit Services, Inc. for assistance. We know the laws inside-and-out and can get your inaccuracies, as well as certain other items, removed. By law, the credit bureaus must provide adequate proof of their records or remove disputed items. We hold the credit bureaus legally responsible for what they list on your credit report, thereby improving your credit score.
Over time, with responsible money management, you can further improve your credit score.