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Can a twenty year old credit card debt be put on credit report?
Wiki User
∙ 11y ago
Bad debts can only stay for 7.5 years from the original date of default. Nothing restarts this time period. Till you might want to check your credit report just to be sure. If they did report you now you can contact experian and have it removed
Wiki User
∙ 11y ago
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How long does credit card debt stay on your credit report?
7 Years from the DLA.
Can business credit card debt affect my personal credit card balance?
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.
Do you still have to pay a debt that shows its been settled on your credit report?
Call your credit card company and inquire. If you can not get through, cancel the card.
If your parent added you to a credit card and was then late on payments does this have to remain on your credit report?
This depends on how you were "added". Were you allowed to use the card as an authorized user, or added to a joint account? In the first situation, it is typical for the bureaus to report the debt on your credit. But, technically, since you never signed a contract accepting liability for any debt, it is not "yours" and you could dispute this. If the latter situation applies to you, then you are jointly liable for the debt and it can show on your credit report for 7 years.
What is the difference between a debt card and a credit card?
The diffference between a debt card and a credit card is ,in a debt card it's money from your account .In a credit card is when you borrow money from the bank.
How long credit card debt stay on credit report?
seven years
What is more credit damaging Bankruptcy or settling a credit card debt?
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.
How long does credit card debt stay on your credit report?
7 Years from the DLA.
How long does a credit card company have to sue you for unpaid credit card debt?
as long as it remains a part of your credit report, 7 years.
Can a credit card debt that was charged off and sold to a collection agency be reported on your credit report?
Yes.
Can business credit card debt affect my personal credit card balance?
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.
If you owe a credit card money and they have your middle initial wrong on the card and account and the debt doesn't appear on your credit report do you have to pay the debt?
you run like hell to Mexico
Do you still have to pay a debt that shows its been settled on your credit report?
Call your credit card company and inquire. If you can not get through, cancel the card.
Is eighteen or twenty-one legal age for debt?
You can begin to accrue debt as soon as you have the right to get credit card or loan, as young as 17.
How do you pay credit card charge-offs?
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.
If your parent added you to a credit card and was then late on payments does this have to remain on your credit report?
This depends on how you were "added". Were you allowed to use the card as an authorized user, or added to a joint account? In the first situation, it is typical for the bureaus to report the debt on your credit. But, technically, since you never signed a contract accepting liability for any debt, it is not "yours" and you could dispute this. If the latter situation applies to you, then you are jointly liable for the debt and it can show on your credit report for 7 years.
What is the difference between a debt card and a credit card?
The diffference between a debt card and a credit card is ,in a debt card it's money from your account .In a credit card is when you borrow money from the bank.
