Once your debt has been reported to the credit bureaus, it stays there for 7 years, regardless of whether the debt is repaid or not. A credit repair company may try to convince you to try to get rid of your eviction through a concept called pay-for-disposal. In most states, an eviction will come off your credit report after seven years. You can also remove evictions from your credit report if you wait seven years and let them expire from your rental report and history.
You will most likely need these changes made as soon as possible and Lexington Law will help you. You have no legal right to have an exact item removed from your credit history. However, most negative facts, such as the owner's judgment against him, are eliminated after seven years. If the judgment or the collection agency's account is still on the report after seven years, ask the credit bureau, in writing, to withdraw it.
To remove an eviction from your public record, you will need to ask the court to remove it from your eviction record. Then, you'll have to win your case by proving that the eviction wasn't legal or valid. Once you have removed the eviction from your rental record, you will need to challenge the civil judgment handed down on your credit reports by the three major credit bureaus: Equifax, Experian, and TransUnion. You'll also have trouble getting approved for a mortgage, credit card, or personal loan during those seven years because your credit scores will be severely affected.
If you have been turned down for a rental due to an adverse action on your credit report or tenant evaluation report, the Fair Credit Reporting Act requires the property manager to tell you what negative action appeared on your report and provide contact information for the reporting agency. If not, you can contact the Credit Reporting Agency under the Fair Credit Reporting Act and file a protest. To offset the damaging effects of an eviction, you'll need to rebuild your credit by paying off your debts, limiting the number of credit inquiries and keeping your balances low. While there is no set deadline for this information to appear on your credit report, the item is treated like any other delinquent debt on your credit report.
If you believe there are eviction-related inaccuracies in your credit report, see the procedure for filing a dispute with the credit bureau. A person with a good credit history may see their score plummet by 50 points or more if they are evicted, but the resulting impact may not be as dramatic for a person who already has a low credit score. Public records, such as bankruptcies, tax liens, and civil court judgments, such as evictions, remain on your credit report for seven years from the filing date and will cause serious damage to your credit rating. The amount appears on your credit history as a debt owed through a civil judgment and will remain on your credit report for seven years from the original filing date.