4 ms·
Does this sort of thing still end up hurting your credit score though? I don't know how this actually works, but I feel like I've heard scary things about it.
by oconnor663 6y ago
Does this sort of thing still end up hurting your credit score though? I don't know how this actually works, but I feel like I've heard scary things about it.
- astura 6y agoIf that invalid "debt" was still on your credit report you'd just file a dispute to have it removed.
- HenryBemis 6y agoWhen you remove an invalid debt, make sure that the bank doesn't sneak it back in. The banks "push" to the credit scoring companies on regular intervals, so although the credit scoring company-ies may remove it, unless the bank/source removes it from THEIR systems, it will be re-pushed 1-3-6 months later. (source: Dave Ramsey's mentioned that in many of his radio shows/podcast episodes)
- dd36 6y agoAnd then you have a slam dunk FCRA claim.
- mancerayder 6y ago6 months seems like a long latency. I've been nervously eyeing mine due to a credit payment mishap in nov/dec (of under 2 dollars) that lead to what I expected was a 30 day late payment, but as of today it hasn't shown up on the credit reports (I check two bureaus). After reading your comment my paranoia is starting to resurface.
- ahoy 6y agoI don't see how the distinction matters to the individual consumer. It's interesting as an insight into how the credit scoring system is organized i guess
- mchusma 6y agoIt's very difficult as a consumer to get things off your credit report. You may be able to do.it, but expect it to take months of effort. For many small debts, it's just not worth it (and I believe this is by design).
- hbrav 6y agoThis might help: https://www.kalzumeus.com/2017/09/09/identity-theft-credit-reports/ https://www.kalzumeus.com/2017/09/09/identity-theft-credit-r...