You will never know what is on your credit report unless you check it or get denied for a credit line. Order a copy of your credit report and review it to make sure that all of your personal information and account history information is complete and correct. In accordance with the Fair Credit Reporting [...]

The impact that credit rating factors can have on evaluation of credit worthiness is relative to the time frame during which they are reported and the relative “maturity” of the consumer’s credit history. If derogatory information has been reported to a credit bureau in the recent past, it will most likely weigh heavier against a [...]

They cannot report information that they know is incorrect.
They cannot ignore information that contradicts information that they have on file.
They must notify the credit bureau if a debtor disputes information with them.
They must indicate when a consumer voluntarily closes an account.
They must investigate a consumer dispute within 30 days of receiving notice.

If you disputed information that appears on your credit report and the credit bureau determines that you have not provided enough information to warrant changing the report or deleting the information, you are entitled to prepare a statement to be added to your credit report. The statement must be limited to 100 words. Preparing a [...]

Information that has previously been deleted from a report file may only be re-added if the creditor who is reporting the information “certifies” that the information to be re-added is “complete and accurate.” Within 5 days of the reinsertion of information, the agency must notify the consumer in writing. The agency is responsible for providing [...]

An agency is responsible for noting that there is a dispute over information that is reported on a consumer report if the consumer directly notifies the agency. It is the agency’s responsibility to investigate and record the status of the disputed information or delete the information from the consumer report. There is a 30-day time [...]

When including information that is relative to a consumer’s account on a report, if an agency receives verification that the consumer voluntarily closed the account, they are responsible for indicating on the report, that the consumer voluntarily closed the account.

For the protection of the consumer, consumer reports are required to meet other guidelines. If the source that provides information regarding a bankruptcy indicates what chapter was filed, the reporting agency must include the chapter on the credit report. Additionally, if a bankruptcy is withdrawn before “final judgment” and the agency has received information confirming [...]

In accordance with the Fair Credit Reporting Act, the following information that was reported to a credit bureau on or after January 1, 1998 is not permitted to appear on a consumer’s credit report. Information that was reported to a credit bureau earlier than January 1, 1998 may not be subject to the same requirements. [...]

Reporting guidelines
Bankruptcy
Accounts that are voluntarily closed by the consumer
Disputing Inaccurate information
Reinserting previously deleted material
Unfortunately, credit problems are not only limited to our immediate ability to manage our finances and make payments on time. If you were past due on credit obligations and brought your account(s) back to a current status, the damage that was done [...]