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first negative means
when an account first goes 30 days delinquent
that's the trigger
unless the person makes payments and brings it current
so an account could have a 30 day late, then it goes current, then later it goes negative
so the first 30 day negative that isn't 'cured' triggers the 7 years
a bank won't cancel an account the first 30 day late 'usually'
so you can see negatives on an account that get 'cured' meaning the user made it current and the relationship restarted
once you have a negative 30 day hit and the account goes to CO the first 30 day negative when it's no cured is the trigger and the 1997 act seems to have added a 180 day bonus for the banks to still report you negative
but my experience with the bureaus is once 7 years hit the first uncured 30 day late
they will drop the derog upon complaints but technically the lender don't have to drop it until 180 days after the 7 years now, that's a change since 1997
I know I'm hammering the same point, but with so many posts to weed through, pardon the duplicity: