9 Reasons Why Raising the Minimum Wage Is a Terrible Idea. Itâs time for economic facts, not fallacies. President Obama and congressional Democrats are pressing to increase the federal minimum wage to $10.10 an hour. Here are nine reasons why thatâs a bad idea.
Most times you cannot remove negative items off your credit list but you are able to have the negative item turned into a positive item. What you need to do is file a dispute with the credit card agencies I usually do mine online since it is easier.
Steve, the charge-off will remain on your credit report for 7 years. The Fair Credit Reporting Act states that negative items will remain on your credit report for 7 years from the first date of delinquency resulting in the charge-off. Typically, a debt is charged off once it is delinquent for 120 to 180 days. The original time frame for a loan -- such as 5 years, in the case of an auto loan -- has no bearing on the length of time the delinquency will be reported in your credit file.