Once entered, is that adverse credit report info permanent?

Adverse credit information in a credit report maintained by one or more of the national reporting agencies (Equifax, Experian and Transunion) is a flat-out bummer for any consumer.

For starters, such information can negatively affect the ability of a resident in Pennsylvania or another state to get a desired loan. Alternatively, a loan that is secured might come with a hefty interest rate that owes solely to information in a credit report that a lender views unfavorably.

A ding in a report might also result in a would-be renter walking away from an apartment without a lease in hand, given that a red flag could signify to a lessor that a potential lessee might have problems making full and timely payments.

Myriad other problems can flow from negative credit information. Employers check reports and can shy away from job applicants with adverse entries and problematic FICO scores. Eligibility for various forms of insurance, and corresponding rates, can be rendered problematic by credit report abnormalities.

That makes accuracy in a report a critical imperative, and due focus upon the above headline query of utmost importance.

As noted in a relevant government website, the answer to the above-cited blog headline is twofold, namely this: If report information is indeed accurate, "only the passage of time can assure its removal." Conversely, inaccurate information can be challenged, and it obviously should be.

An experienced consumer protection attorney well versed in the details of the federal Fair Credit Reporting Act can take aggressive and purposeful action on behalf of a consumer to challenge and delete adverse and inaccurate information from a credit report.

Harmful data in a credit report can have lasting and highly adverse consequences. Inaccurate information can be contested, and it promptly should be in order to remove error and portray a consumer in an accurate way.

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