Bankruptcies that are over ten years old are left off as well as debts that are over seven years old. This is the general rule, but it is a good idea to look into your credit record history no matter what. Some old debts may still show up and bankruptcies may not disappear in a timely manner. It is always a good idea to check your personal credit report for accuracy.
The information on your personal credit report is very important. Most people are not aware of all that’s included, besides the usual credit record history.
You might wonder why you don’t get approved for a loan, credit card or don’t get a job if you don’t have bad credit. But for the lenders, there are other things to consider. What many people may not know is that alias names are also listed on your credit record history. Your former address or addresses are also included as are old telephone numbers. If you have an unlisted telephone number, it is still listed with the rest of your personal credit report. Many people are surprised to find that unlisted phone numbers can be included in this document, but it is.
It is always a good idea to check your personal credit report for accuracy. You are allowed one free copy per year, unless you are turned down for credit twice, then you may be allowed one additional.
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