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Review Your Credit Report before a major purchase or refinance. Verify all listings, finding mistakes and having them removed can save you money! Save!

What is bad credit?Having a low credit score may also be referred to as bad credit.. Bad credit is when factors such as negative listings or insufficient credit history on your personal credit profile or credit report cause a low credit score. Credit score can be adversely affected by poor performance on your credit obligations, high debt, incorrect information, credit fraud or identity theft.Bad credit can cause you to be denied for credit or qualifying only if you pay higher interest on financing automobiles, credit cards, personal and home loans. Bad credit can even cause you to bedenied the ability to open a checking account! Improve Credit Reports with credit repair.

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How did I get bad credit?If you are experiencing or have experienced any of the following you may be considered to have bad credit:
* Auto Repossession* Delinquent Credit Cards* Law Suits – Judgments* Collection Accounts* Foreclosure* Unpaid medical bills* Liens* Late Payments on Mortgage
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Is there a difference between the credit report a creditor sees and your full report on file with the 3 CRAs?

Question by G-M-B-A: Is there a difference between the credit report a creditor sees and your full report on file with the 3 CRAs?
Correct me if I’m wrong but when you “pay for deletion” you are paying for any record of the debt to be 100% removed from the report that a potential creditor would see (like when you buy a car or credit card) .

–BUT the debt is never actually deleted from the credit report that you and the CRA have access to.

So, there are actually 2 forms of credit report: one that potential creditors see, and one which only you and the CRA see.

Is this correct??

I am asking because in previous answers to my “pay for deletion” questions, alot of people are saying that debts are never 100% deleted from credit reports.
So that makes me wonder what the phrase “pay for deletion” means exactly?
Thanks!

Best answer:

Answer by echo
When you request pay for delete, you are requesting full deletion. That means the tradeline will be deleted to where even “you” cannot see it. But, the CRA’s will still hold onto the information.
Yes in a way there would be 2 forms of credit report. One with all of the regular information on it that you and a creditor would see and another that “only” the CRA’s see……..unless…..hold on, I’m gonna confuse you some more lol…..

The only time that old or deleted items may possibly be seen is if a full factual report is pulled. You cannot pull a full factual and the general creditor or collection agency cannot pull a full factual. Generally it is only a mortgage company that can pull a full factual. And, (as far as I know) it is not done often.

If you apply for a mortgage that is 150k or more, then a full factual “may” be pulled.

Way back when it was rare for the average person to apply for a 150k mortgage, when a person “did” apply for that high of a mortgage the mortgage company had probably pulled a full factual report.

Now 150k mortgages are common and full factuals are not pulled as much as they had been.

Full factuals can contain information that is old and outdated and past the reporting SOL and may also contain newer information that had been removed for some reason before the reporting SOL had expired.

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How does bad credit come off your credit report once you have passed the 7 year deadline?

Question by shugahill@sbcglobal.net: How does bad credit come off your credit report once you have passed the 7 year deadline?
Some delinquent reports on my credit report are due to fall off this year. Will they come off my report automatically or is there something that I should do once the fall off date has passed?

Best answer:

Answer by Sharon F
typically they come off but after another month or so and they dont come off then contact the bureau and request that it be removed

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