My boyfriend knew he had bad credit but didn’t know what was in his credit report. He got his report off of one of those free websites. He has a couple of collection items on it. When he pays them back, how long will it take to come off his credit report? Also, when will credit card companies trust him enough to give a credit card after he pays back his debts?
3 responses so far ↓
1 My Take on It // Nov 22, 2009 at 5:09 am
7 Years from the time of the last payment
And, his credit will NOT improve until he gets another credit card or some other installment type of loan and pays it on time for a period of up to 18 mos.
He may have to get a secured credit card in order to get his credit score back up.
2 Ryan M // Nov 22, 2009 at 5:09 am
It takes 7 years for a reported item to come off of a credit report. This is done on purpose. Depending on just how bad his credit is, it might be several years before he can get another credit card. Banks are really cracking down on giving cards to people with a history of being financially irresponsible.
3 Clay // Nov 22, 2009 at 5:09 am
?redit repair work?d fine to fix my credit. They disputed and removed lots of bad items from my credit report. I used this service – buildcredit.ifastnet.com
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