66 point JUMP today! 657 to 723!

[Anonymous]

in my area, Bay area

you cant find a condo or townhouse for anything under 250k X_x

[chally]

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@DaBears wrote:

Baddies never disappear from your credit report. what happens they go into what I call a special place within your file. Whoever pulls your report manually would see your upaid debt, by that it is always a very good idea to pay the old debt off so its NOT in your file. 

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So how exactly can one truly clean up their CR?

If one is unaware of the existence of say a 15 yr old baddie because it's long fall off and yet this item remains visible to lenders, one could have a 795 Fico and still get turned down for having "hidden" negatives. 

[Epcot]

Nice jump, Congrats!

[DaBears]

I stated it in my last post. you have to pay it off so it doesn't get stuck in your file. I see a lot of people on here thinking that their baddies fall off and they don't have to worry about it anymore, which is not true. pay off the bad debt and its gone completely. 

[Simplyjays]

im so jealous! congrats!!! keep it up!

[chally]

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@DaBears wrote:

I stated it in my last post. you have to pay it off so it doesn't get stuck in your file. 

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Yes, but if you can't see it to begin with (hidden file/folder) and assuming one is unaware of ancient derogs, how do you pay it off what you don't know about? Not to be flip, but what do I do - take a HP from Joe Bank down the street for the sole purpose of getting complete CR info beyond what's visible to me? I'm referring to possible 10-15 yr old skeletons, btw.

 Congrats 750Hopeful, nice jump there!!!

[DaBears]

You can request your complete file from the CRA's. Guiness56, ShoGun or RobertEG could give you more input as to how to obtain it. They are the God Fathers of the forums!!!!! Im sure they will respond seeing this post

[DaBears]

llec is also a God Father of the forum but I don't see him much

[chally]

Many thanks, so many things to learn here!

[Shogun]

There is a stipulation that allows the full disclosure of your CR when applying for a job that's $75K+ or a mortgage that is $150K+.  Not saying that it will happen, and very rarely does it ever happen, but it is still a possibility nonetheless.  I always advocate the paying/settling of a debt, even passed the SOL.  It just keeps the debt from going to a bottom feeder CA and if ever asked by a lender if I have any outstanding unpaid debts I can be honest and say NO.