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Public Records

Public records could plague your credit for the better part of a decade. Even if you repay the money you owe, public records with negative information typically remain on your credit reports for seven to 10 years. Public records with adverse information may even occasionally wind up on your credit reports by mistake.





Liens

If you do happen to find a paid tax lien on your report, and it's been more than seven years since satisfied the debt, you just need to dispute the item with the credit bureaus. Once they verify the date and status, they will typically remove it within 30 days.





Foreclosure

Foreclosure or mortgage action, in procedural law, is called an executive procedure through which the sale of real estate that was encumbered with a mortgage is ordered due to the debtor's breach of the obligations guaranteed with the mortgage.





Judgment

When judgments show up on your credit reports, they can do severe damage to your score. A judgment in your credit history means that a lender had such a difficult time recovering their money from you that they had to go to court. Judgments tell potential lenders that you can't be trusted to pay them back.





Hard Inquiry

A hard inquiry, or a hard pull, occurs when you apply for a new line of credit, such as a credit card or loan. It means that a creditor has requested to look at your credit file to determine how much risk you pose as a borrower.