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 seven years. The Fair Credit Reporting Act states that negative items will stay on your credit report for seven 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 five years, in the case of a car loan -- has no bearing on the length of time the delinquency will be reported in your credit file.