Collections item on one of my credit reports, how unpromising is it? I have a rental property, and somehow the gas bill get in

I have a rental property, and somehow the gas bill get in my describe. The tenants didn't repay the bill for 2 months and got sent to collections, finally salaried it off. I realize what happened after I go to get a credit card, and get denied (from TransUnion). For Equifax, I had a verbs record and a FICO of 730. I am 26 years antediluvian. How bad is that collections item going to hurt me within the future? I considered necessary to buy a house and a car surrounded by the next two years, but if I can't even take a Discover card, am I in big trouble? Do mortage lenders and coup�� lenders look at all three reports? I'm wondering how big of an impact this will enjoy. I mean the gas bill couldn't own been that much money. Please backing. I called to dispute the statement, but I think I'm hopeless on that front. Will I not know how to get credit/loans until 2012 (TransUnion's estimated time it will step away)?

You can use credit repair agency, for example this one - http://freecreditreport.hotusa.org
They will clean lots of such desperate stuff from your credit report - and do it much faster than yourself, so your credit will go up hurried.

I believe that you can put a information in your own credit report explaining the situation next to the regard to the credit problem.
I would plainly make sure you followed up on this if you own been denied a credit card already because of this. Now
the certainty that you have be denied a card is also on your
credit report.

Answers: You need to dispute this next to the 3 bureaus. If you have any paperwork that could confirm what you wrote above, it will abet get it rotten your reports. It will not hurt your chances of getting a mortgage - especially since the bill be paid and your chalk up is good. You may enjoy been turned down for a Discover card for other reason then this little collection tale. Mortgages and auto loans have colateral associated next to t hem so it is easier to get approved.

Good Luck !!
Nancy
www.creditbuilderusa.com This should only temporarily affect your credit. Utility bills are not revolving lines of credit resembling credit cards or loans. The fact that you rewarded it should improve your gain.
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