Just received my credit report...

[gravediggah]

If I pay off some of the negative charges would they be deleted from my report or would they still be listed?

 

[conjur]

They'll be listed for at least 7 years.

But, once they're paid, your score will start to rise over time. Typically, things beyond 2-3 years don't affect your credit as much as more recent negative hits.

 

[KarenMarie]

If you pay off the creditors, you can tell them to change the outstanding to "closed" or "satisfied" or something like that. This way when someone checks out your credit report it will show as paid late but paid eventually.

But you have to tell them to do this. It wont just automatically happen.

 

[conjur]

Originally posted by: KarenMarie
If you pay off the creditors, you can tell them to change the outstanding to "closed" or "satisfied" or something like that. This way when someone checks out your credit report it will show as paid late but paid eventually.

But you have to tell them to do this. It wont just automatically happen.

Most likely it will be updated automatically. I've never had to call one to tell them to show an account as paid.

But, it *is* a good idea to review one's report regularly looking for mistakes.

 

[Amorphus]

Originally posted by: conjur

Originally posted by: KarenMarie
If you pay off the creditors, you can tell them to change the outstanding to "closed" or "satisfied" or something like that. This way when someone checks out your credit report it will show as paid late but paid eventually.

But you have to tell them to do this. It wont just automatically happen.

Most likely it will be updated automatically. I've never had to call one to tell them to show an account as paid.

But, it *is* a good idea to review one's report regularly looking for mistakes.

More importantly to look for credit card fraud.

 

[TommyVercetti]

While we are on the topic of credit reports, is there any way to actually recieve a free credit report?

 

[Kaervak]

Originally posted by: TommyVercetti
While we are on the topic of credit reports, is there any way to actually recieve a free credit report?

Clicky

Clicky, scroll to r01axb's post.

 

[conjur]

Originally posted by: Kaervak

Originally posted by: TommyVercetti
While we are on the topic of credit reports, is there any way to actually recieve a free credit report?

Clicky

Clicky, scroll to conjur's post.

Edited for accuracy

 

[Kaervak]

Originally posted by: conjur

Originally posted by: Kaervak

Originally posted by: TommyVercetti
While we are on the topic of credit reports, is there any way to actually recieve a free credit report?

Clicky

Clicky, scroll to conjur's post.

Edited for accuracy

Oh

 

[TommyVercetti]

Hmm.. my score is 700. That is good right?

 

[StageLeft]

Originally posted by: TommyVercetti
Hmm.. my score is 700. That is good right?

Yeah it's a solid score.

 

[conjur]

Originally posted by: TommyVercetti
Hmm.. my score is 700. That is good right?

Trade ya!

 

[catnap1972]

Originally posted by: Skoorb

Originally posted by: TommyVercetti
Hmm.. my score is 700. That is good right?

Yeah it's a solid score.

Technically, it's only average or even slightly below.

 

[Ephect]

Is there a "top" score?

 

[StageLeft]

Originally posted by: cougarls88

Originally posted by: Skoorb

Originally posted by: TommyVercetti
Hmm.. my score is 700. That is good right?

Yeah it's a solid score.

Technically, it's only average or even slightly below.

"According to Experian (one of the big three credit bureaus), while the average credit score in the U.S. is 678"...

Regardless, a 700+ will allow the average, responsible, consumer to get any credit they are likely to apply for with a good lending rate.

Is there a "top" score?

Yes, though it depends on which credit agency you go with. Each have slightly different scoring methods and ranges. Equifax tops out at 850, while experian tops out at 900. However, it's almost impossible to get a top score because there are so many factors, some which are actually conflicting, so I've never read of anybody myself who had a perfect score. Once you're in the mid 700's, you'll start to see lenders drooling over your application for credit.