01-22-2013 09:21 PM
01-25-2013 03:21 PM
Some parts are pretty good. Some seem to be a fantasy ("You don’t have to ask the CRAs to remove information that should no longer be report. It should happen automatically.") http://finance.yahoo.com/news/often-does-credit-re
You know, that statement had me thinking. I know that there is a statutory requirement to remove bad data in 7.5 years, but is there a statutory requirement for positive data to be removed in 10 years? Or is the 10 years a CRA "policy"?
I recently had few positive TLs age off since they were 10 yrs old since closed. And it sucks =( I want my TLs back lol!
01-25-2013 05:39 PM
01-26-2013 07:04 AM
I have some good TLs that were paid off over 10 years ago. If they want to just hang around on my CR, so be it!
02-25-2013 12:28 PM
In my experience, car loans from GMAC/ALLY tend to stay for extended periods of time, up to 15 years.. It's great until they do finally fall off.