Continuing on with our series of common credit repair myths:
Myth #3 – Credit Repair Doesn’t Actually Work
When you speak with credit grantors, collection agencies, or credit bureaus, their typically under-educated staff may tell you all manner of pseudo-legal nonsense, like all credit items must appear on your report for seven years. The truth is that negative listings cannot appear on your credit report for longer than seven years (10 years for bankruptcies), but the credit grantor or the credit bureau can choose to delete the negative credit listing whenever they see fit.
The bureaus boldly deny that information can be removed from a credit report, when the truth is that it happens thousands of times a day. Don’t believe the hype!