The History of Credit Score. Read http://time.com/3961676/history-credit-scores/History of Credit Score.
Credit Repair Myth's
Myth # 1: When I pay off a past-due account, such as a charge off or a collection account, it will show "paid" and no longer be negative. It is difficult to fully restore your credit without paying your outstanding debts. However, paying off a debt can actually hurt your credit. Negative items on your credit report are usually allowed to stay on your credit report for a maximum of seven (7) years. This 7 or 10 year clock begins ticking at the date of last activity or date of first delinquency. When paying an outstanding debt, you can change the account status and the date of last activity which can lower your scores. Myth # 2: If a negative item is successfully deleted from my credit report, it will just come right back on my report. The credit bureaus have cleverly spread this myth through the news media and government agencies. In truth, the credit bureaus will often temporarily delete a negative listing if they have not heard from the credit grantor for 30 day
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