Trying to repair credit...have a question or two?
The key to financial power lies in your credit rating. If you plan to get a home loan, save money and get better credit starting now!
I am in the process of reading and following "Credit Repair for Dummies" and I have 2 questions if anyone knows..
1. I have a student loan thru OSLA and I have previously slow-paid on it, but I have 2 entries showing up as NELNET LOAN SERVICE that are both on my Equifax report. In the comments section it says STUDENT LOAN...they both have 0 balance, 0 credit limit, 0 scheduled payment amount, 0 past due amount and the current status states ACCOUNT IS INACTIVE.
What is this and is it hurting me?
2. My mother died in 2003 and apparently had added me to one of her credit cards as an authorized user for emergencies. I never knew this or never had a card. When she died there was a balance of 3600 that was placed and charged off on MY credit report...is there anything I can do to get this removed, or am I stuck with it?
Trying to repair credit...have a question or two?Sorry, most entries stay on for 7 years. You can pay a company like Lexington Law Firm to clean up your report, or you can do it yourself by writing to each of the three credit bureaus. When you dispute a charge, they investigate by sending an inquiry to the creditor. If after three times you dispute a charge to each of the three credit bureaus, if their is no reply from the creditor, the item is taken off.
Trying to repair credit...have a question or two?There are many factors to consider to effectively repair your credit. All these factors boil down to a few major points designed to ultimately show lenders the type of credit risk you are.
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