How Long Will A Negative Mark Stay On Your Credit Report Part Two

In the first article in this set I spoke about how long different marks stay on your credit score. I mentioned that mistakes will be removed immediately, soft inquiries will have no effect, and hard inquiries can hang around on your credit report for two years. Late payments have the capacity to do way more damage.

The Truth About Debt Collection Accounts.

Debt collection’s is a billion dollar industry. According to Rapid Recovery Solution, Inc. income from late fees and over-the-limit fees accounted for $14.8 billion dollars in the year 2004.