0
How long after paying off debt does it take change the credit history as showing good and will creditors be able to continue to see on the history the debt problems in the past?
Wiki User
∙ 16y ago
As soon as the company reports to the credit bureaus, it will reflect the changes in the status of the amount paid and status of the balance of the debt. Unfortunately, once the debt (account) was created it will remain on your credit report for seven years from the last time it was active. Unless you dispute the debt and get it deleted from your credit profile.
Wiki User
∙ 16y ago
Add your answer:
Earn +20 pts
Should 94 year old in Home with no assets file bankruptcy on credit card debt?
Assuming you mean a nursing home, probably not. The main concern is that the lenders will sue as the statute of limitations on collection actions approaches, and the debtor will eventually have to go to court to explain why s/he cannot pay. Warrants may issue for his/her arrest if s/he fails to appear.If the debtor is competent s/he should at least notify the creditors of the situation, which may prevent these problems. If the debtor is not competent, someone, preferably with a power of attorney or guardianship, should notify the creditors, certified mail, return receipt, of the debtor's situation, with a contact person/number to verify the information.That may prompt the lenders to forgive the debt and issue a 1099 form showing the forgiven amount as income for that year. There is a form available on the IRS website to counter that with proof of indigency that can be filed with the 1099.
im trying to be my own payee and need help getting there?
go to a doctor and have them write a statement that explains that you can be your own payee. You might also need documentation showing that you can handle finances w/o problems
If loan was paid in full prior to foreclosure. how do i get it off of my credit report?
If the Foreclosure proceeding had already begun it will remain on the credit and should show a zero balance. But it will continue to show the Foreclosure was in effect at that time. If it is still showing a balance contact the credit bureau to have the information updated. You must have proof in hand.
Should you be concerned if your mortgage is not showing up on your credit report?
You should contact you mortgage company. B/C if your paying a mortgage on time your credit score will improve greatly. And it may cause you problems down the road when you want to refi or buy another home.
Chart showing financial services in Indian financial system?
chart showing financial service of indian fancial system
What is the time line showing the history of quarks?
Its a timeline that shows the History of Quarks?
Why did Sailor Moon stop showing?
The manga ended. There was no more story for the anime to continue with.
What influences history?
It influences it by showing how things were made back then.
What does skin in the game of a romantic relationship mean?
Showing skin - whether it's a lady showing her shoulder or a guy showing his biceps - is usually a sign of flirting in a romantic relationship. The person showing skin wants the partner to stay interested and continue to find them attractive.
How can you help your uncle beat his depression and alcohol problems?
By showing Jesus into his life.
How does the death of Christ affect history?
this can help history by showing us how things went on in the past and how far we have came!
When you try to press continue on Skyrim it keeps showing hints but wont load what should you do?
It is loading, be patient
Why is Vampire Diaries not showing tonight?
They had to take a break in filming due to weather problems.
Where does your internet history go?
for me i have Google chrome so if i hit control h it opens a new tab showing the Internet history.
What is Email processing?
It means to be in love with your history teacher and showing it by doing sex with your teacher.
Timeline showing the major events in the history of the KKK?
in 200 bc the kkk formed
How did Annie oakley change history?
by showing woman that not only men are good a shooting
