
In understanding your credit score, several factors come into play, such as payment history, consumer proposals, bankruptcies, and even closed accounts or inquiries.
If you’ve noticed any errors on your report, it’s important to reach out to the credit reporting agencies to have them corrected.
To dive deeper into how these elements impact your credit, check out this insightful article https://bit.ly/4h0Gy18. It explains everything you need to know to stay on top of your credit health and make informed financial decisions.
Highlights:
Typically, most negative information stays on your Equifax credit report for 6 years.
Accounts that have been closed and paid as agreed can remain on your Equifax credit report for up to 6 years after the lender marks them as “closed.”
Hard inquiries might be present on your Equifax credit report for 3 years.
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