0
How long will bad debt credit cards stay on your credit report if you haven't made any payments on them and they have been in collections for over six years now?
Wiki User
∙ 11y ago
Actually, the debt (as long as it isn't a bankruptcy or judgement) should be removed from your report 7 years from the date of delinquency. Many collection agencies will wait months, sometimes a year + to put a negative item on your credit report. This way it will effect you longer, and you will be more prone to pay off the debt in the future.
If this happens, dispute, dispute, dispute!!! Dispute everything on your report, especially the items that have been incorrectly reported.
I recently had a few items removed completely from my report because I disputed the dates, and the creditor couldn't provide ANY form of documentation to support I even had a debt with them.
Also, there are statues of limitations in some states on debt collection. How long is too long before someone can file a judgement, ect. For example, in Texas that limitation is 4 years for debt collection.
See: http://www.badcreditmd.com/statuteoflimitations.html
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
How do you add if you can your apartment rent payments to your credit score?
Your landlord would have to report payments to the credit bureau.
How does having a repossession removed from your credit report affect your credit?
Anytime a negative item is removed from your credit report, it will raise your credit score unless new collections are added to your report.
Does Verizon report late payments to credit report agencies?
yes
Why can a credit card company lower your credit limit without your consent?
The CC Company may have seen an increase risk when they saw on an updated credit report/score. It could be a late payments, collections or any other derogatory item on your credit report that triggered it. The CC have the power to limit or increase your credit limit to lower their liability.
Which of these is not included in a credit card report?
Utility payments
Can unpaid co-payments for Hospital bills hurt your credit report?
Yep! If the ambulance company turns your account over to a collection agency that agency might report the collection on your credit. Medical collections are the most common type of collection on a credit report.
How do you add if you can your apartment rent payments to your credit score?
Your landlord would have to report payments to the credit bureau.
How does having a repossession removed from your credit report affect your credit?
Anytime a negative item is removed from your credit report, it will raise your credit score unless new collections are added to your report.
Does Verizon report late payments to credit report agencies?
yes
Why can a credit card company lower your credit limit without your consent?
The CC Company may have seen an increase risk when they saw on an updated credit report/score. It could be a late payments, collections or any other derogatory item on your credit report that triggered it. The CC have the power to limit or increase your credit limit to lower their liability.
Which of these is not included in a credit card report?
Utility payments
If you add second person to credit card will it show up on their credit report?
Yes, it does show up on that persons credit report. If you are late on payments, it will negatively impact his/her credit report.
If you cosign for a student loan does it show up on your credit report before or after the student starts making payments?
It shows on your credit report even before they start making payments.
Can Court collections be removed?
Collections can be disputed to the credit bureaus using the Fair Credit Reporting Act. The credit bureaus have 30 days to verify the listing or the listing must be removed from your credit report.
How can you get years of rental payments to be filed in your credit report?
you can't
Can your Contract For Deed payments be added to your credit report?
99999
Can late payments come off your credit report?
Yes late payments can come off your credit report. They can be removed by either the original creditor that put it on there or by the credit bureaus. You can dispute late payments on your credit report with the credit bureaus using the Fair Credit Reporting Act. The FCRA requires the credit bureaus to contact the creditors to verify the late payment. If the late payment isn't verified it must be removed.
