An account is no longer reported after a period of 7 years of inactivity in the USA; 6 years in Canada.
Yes.
7 years from the date of first delinquency
I am a professional debt collector and would say the best answer would be to either contact your credit card company and see to whom they sold the debt, as they no longer own the debt and therefore can not help you rectify the situation. The other option would be to pull a credit report on yourself and check to see if the collection agency is on your report, or if there was an inquiry on your report from a collection agency.
no.This is in violation of The Fair Credit Act and The Fair Debt Collection Act.Report this to the FTC and your state attorney office.then look for a lawyer to sue them.
No the collection will not be removed from the credit report. They will show it paid in full.
Yes.
seven years
Bankruptcy would be more credit damaging than just having large credit card debt, mainly because it stays on your credit report for longer. One of the biggest disadvantages of filing for bankruptcy is the lasting effect it has on your credit report- typically staying on your report for 7-10 years. With credit card debt there are more flexible options and obviously when you pay the debt and does not stay on your report for as long.
7 Years from the DLA.
The outstanding balance is very simply the amount of debt that you have charged on the credit card. You owe that amount to the credit card company.
as long as it remains a part of your credit report, 7 years.
You don't have to repay the debt but u are required to report the amount of the "charge off" to the IRS and pay taxes on it when you file your tax return
Yes
A business credit card debt can affect someone's personal credit card rating. A credit report for an individual is processed by activity of one's overall credit. This means that having debt for a business credit card can hurt a person's chances of receiving lower interest for a home finance loan.
you run like hell to Mexico
Call your credit card company and inquire. If you can not get through, cancel the card.
2399.80