Old notations on your credit report are supposed to be removed after a specified period of time.  The problem is that most people don’t know just how long is too long.
Under 15 USC 1681c, a credit reporting agency must remove information that is too old to be reported.  Such information that must be removed includes:

Bankruptcy:  [...]

Does a creditor receiving payments in a Chapter 13 bankruptcy have to update the consumer’s credit report to show that the balance on the loan is being paid off?  In a recent Wisconsin bankruptcy ruling, the court came out on the side of the consumer.
In the case of In re Luedtke, the debtor had filed [...]

What is Verified by Visa?  A security system used by Visa that places an additional layer of verification between making an on-line purchase and completing the transaction.  This system is in addition to the 3-digit security code on the back of your card.
How does Verified by Visa work?  When you attempt to make a purchase on a site participating [...]

Recently, the Federal Reserve reported that consumer credit card debt increased at double the rate expected by economic experts. However, this has raised some debate between the rosy predictions that consumers have resumed buying goods and real estate and the gloomier observation that consumers are paying for basics using credit rather than cash. [...]

That Dude, you know, the one with the guitar, and the wife with bad credit.  Yeah that Dude, the credit report guy in the fish restaurant with the pirate hat and the blue beater.  You mean the Dude waiting tables at the rock star party?  Yeah that’s him, the Dude at the Renaissance Faire.  Oh, him.  Who is [...]

On the BankruptcyLawNetwork blog, I recently wrote a post involving mortgage companies trying to force a debtor in bankruptcy to reaffirm a mortgage. They do this by refusing to up-date the information sent to the credit reporting agencies concerning the loan. Thus, a loan that is up to date, because the debtor is [...]

Big banks such as Chase, Citicorp and GE Money Bank offer credit cards specifically for use at doctor offices and hospitals.  These Medical Credit Cards often carry unfavorable interest rates according to Consumer Reports and are pushed by doctors and hospitals who receive incentives.  AARP suggests its members avoid the cards entirely.
Think about this.  If [...]

Many ask is there is anyone they can complain to about their credit card and the outrageous interest rates. You can complain to your spouse, family members or your pets but you are likely to get the same response as you well from complaining directly to the credit card company, absolutely NOTHING! However, [...]

In a previous blog post, I provided web links to pages on web sites published by Equifax, Experian and Trans Union dealing with security freezes. In that post, I noted that relatively few people have taken advantage of their credit freeze rights - some 50,000 credit freezes were entered, while there were over [...]

The financial crisis in the mortgage market is causing a tightening of available credit in the credit card arena.  As falling real estate prices decrease home equity borrowing, more consumers are turning to credit cards.  Investment firm Merrill Lynch reports an 8 per cent increase in revolving credit over last year, the highest increase in [...]