Credit Repair Questions & Answers

Autumn Interlude asked:


My credit score is around 500. I’m 21 years old and I have made some pretty poor decisions regarding my financial obligations. (PLEASE, do not post any negative information or comments telling me to get back on track and how important good credit is. I KNOW THIS and since March of this year, I have gotten back on track.) How much can my score go up after I continue paying my bills on time and get some bills out of collections? Thanks.

Juan F asked:


My husband owes a chase credit card and i just checked my credit report and they have it on mine as an authorized user. Is this legal?
I live in N.Y. Also I would like to settle with this company before it goes to collections do i send them a letter or call them.

rnrsoul asked:


Everything I read says that collections come off of your report 7 years after the payment in question was missed. Now I have an old credit card that I didn’t use or pay since my first year in college, at least 12 years ago. The company waited until 2004 to send the old debt to collection, and it’s showing up on my report as a 2004 debt. Is that accurate (does the 7 years actually start whenever the company decides to collect?), or disputable?