How long do items stay on a credit report? A lot of people will answer that question with a simple: “seven years.” In some cases this is true. Overall though, it’s not that simple. Both positive and negative items have a “life span” and those are not all the same. Let’s start with something simple. … Read more
A Presentation of the Did You Know Series Experian, Equifax and Trans Union have added a new function to their dispute handling system that makes explaining or providing proof of your dispute a bit easier. You can now upload, fax or mail any supporting documents you may have concerning your dispute. Prior to this the … Read more
When an account on a credit report has a dispute remark on it, an automated underwriting system (AUS) will pick up that remark and show it as a “refer” or an “ineligible”. Per Fannie Mae guidelines, the remark must be removed at the bureau level in order to run the report through the AUS. If … Read more