https://youtu.be/xF7qWQ1whu0?si=Cm7H6FGoljg6ZQaI

Each negative item has a federal statute of limitation on when it must drop off your credit report. Once the statute of limitation has expired, the item must be deleted from your credit report according to the Fair Cred-it Reporting Act. The statute of limitation starts 180 days from the date the account became delinquent. Federal Statute of Limitations The statute starts 180 days from the date the account became delinquent. For example, if your payment was due on January 1st, but you did not pay it until February 1st, you would be considered 30 days late. Now, count 180 days from February, which will take you to July. This month will be the time the seven-year statute will begin. Late payments: Once you become more than 30 days late on any of your bills, the financial institution that you hold a loan with will disclose your late status to the credit bureau. You can be reported as 30, 60, 90, or 120 days late, and by law, the late marks will remain on your credit report for seven years. Inquiries: Whenever you apply for a credit card or a loan, your credit report is checked, which results in a hard inquiry. These inquiries could damage your credit score if you have more than six in two months. They can also stay on your credit report for up to two years. Charge-offs: These are debts that the creditor felt that they could not collect on anymore after 180 days. So they charged them off as a bad debt. However, the creditor can still sell the account to a third-party collector for collection purposes. Judgments: If a creditor takes you to court and sues for a judgment, this destructive item will be placed on your credit report. The courts issue judgments that can stay on your credit report for up to seven-years, but it can be re-newed until it is paid or until it reaches the 20-year mark. Child support: If you stop making child support payments, it becomes part of your public record and will therefore show up on your credit report. This negative mark can stay on your report for up to seven years.

I can build a Faith-Based Millionaire by 55 Plan that includes: • Tithe • Investing • Business growth targets • Net worth milestones each year • Biblical stewardship model It becomes a complete financial stewardship plan.

Seek first the kingdom and his righteousness….. ✅ 10% tithe first structure ✅ The 50/30/20 stewardship framework ✅ Example budget from your paycheck ✅ 11-year wealth growth strategy (age 44 → 55) ✅ Biblical financial principles supporting the model It blends faith, stewardship, and wealth building so you can give, live responsibly, and still reach millionaire status. No Fluff, only Results!

You key to building your future wealth is taking in one step at a time. You must start with making your first move to begin saving and investing