Quick Answer: Bad credit items from Wells Fargo can only remain on credit reports for 7.5 years from the initial delinquency date, so a 2004 delinquency should have been automatically removed by 2012. The key to improving credit scores isn’t removing old items but establishing new positive credit history, as older negative items have decreasing impact over time.
“Dear Steve,
I check my credit score! In which I found out my lender Wells Fargo who I had a house back in 2004 still has my credit on hold until 2015!
My question what can I do to get that removed from my credit score?
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What can I do to remove a bad credit from 2004 that is making my credit score bad?
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Benjamin”
Dear Benjamin,
Bad credit items can only be reported for 7.5 years from the date they first went delinquent. Generally the credit bureaus remove it after 7 years.
An account that went delinquent in 2004 should be removed in 2012, or very soon thereafter.
For many it is not the very old poor credit item that brings down the score, but the lack of recent good credit to bring it up. Old items count less and less as they age.
It’s so easy to rebuild good credit. I’d suggest you read How to Easily Rebuild Your Credit and Have Good Credit Again and follow the easy step-by-step instructions.
Please post your responses and follow-up messages to me on this in the comments section below.
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