Appearing in The New York Times on Sept. 15, 2023, Ann Carrns talks to Andrew Pizor about how while occasionally credit repair companies’ efforts may work, any benefit is often temporary and if you’ve stopped repaying a loan, that information will reappear on your report when the lender sends an update to the credit bureau.
If the negative information is accurate, there’s generally no way to have it erased, Mr. Pizor said. Negative information like missed or late payments remains on your credit report for seven years, he said, and a personal bankruptcy stays there for 10 years. Paying for credit repair, he said, is “really a waste of money for the vast majority of people.”
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