Written by Credit Answers on July 11th, 2010
I opened a credit card account through my old employer (Circuit City) in 2001 when I was 17. I made payments on time until 2002 when I joined the Armed Forces and was unable to pay on my account due to not having the account information available at the time. Consequently, it was keyed negative on my credit report and by the time I was done with Basic Training it went to collections. The collection agency was sending bills to collect the debt back home. When I had the chance to receive the letters, I called the collection agency and made an arrangement to pay the debt. The credit bureau then marked it as a charge off; paid in full on my credit report. After a few years I tried disputing this hoping to get it removed, but the bank denied the request. So I’ve been suffering since and now its 2007. I guess I supposed to wait until 2009. My questions are, can I get this removed and when it is removed will my credit score rise? When inquiries disappear from my credit report, will it rise?
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Tags: armed forces, circuit city, Collections, Credit Bureau, Credit Card Account, Credit Report, Credit Score, Inquiries, score rise
Written by Credit Answers on June 6th, 2010
La Sona J asked:
My credit report that arent true am trying to clean up my credit report that doesnt belong to clean up my credit without paying someone 70000 please help if you know anything about getting inquiries and accounts and accounts and accounts that arent true am trying.
My credit report that arent true am trying to me.
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Tags: Credit Report, Inquiries, Judgements
Written by Credit Answers on October 3rd, 2009
erin.danu asked:
I have very limited credit history. I started this January. I read that I have to get a few credit cards to build credit history. I have a secured card from Citibank which only has 200 credit limit. A Citibank secured loan for 500. Bank of America gave me 4000 CL for A Worlpoints Platinum Plus Credit Card. I have a ChaseFreedom Mastercard too. Thing is I’m preparing my credit history for a car loan. I applied for other credit cards in one day and got a few rejections… reason being having too much inquiry ( ok, i know i should have not made too many applications but i figured to just do it all at the same time) and too low credit line. But I never missed a payment, I only use 30% of my credit line and pay off more than the minimun balance.
Questions :
How bad will these inquiries affect my chances of a car loan?
How many months should I wait to have this fixed?
How can I increase my credit score?
Thanks! 
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Tags: Chasefreedom, Credit Score, Inquiries, Platinum Card, Rejections, Repair My Credit
Written by Credit Answers on July 11th, 2009
Jim D asked:
I have paid down some balances already for some time but the changes are not appearing on my credit report. I’m not pulling up my credit however, I have alerts when my scores go up or down or if there’s inquiries etc. Do I have to ask them to report the change in balance? Why is it that when you rack up a ton of charges they report them really fast but when they’re paid off, they take forever? Is there a way to “speed up” the process?
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Tags: Credit Card Companies, Credit Report, Inquiries, Report Changes
