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Do you have to pay a credit card debt if sold to another creditor during the two years?
Wiki User
∙ 13y ago
it depends on the card and company.
Wiki User
∙ 13y ago
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How long is a repo on your credit?
A repo stays on your credit for at least seven years. However, you may negotiate with the creditor to have it removed earlier.
How do you get a creditor removed from your credit report that was listed in the bankruptcy two years ago?
If the debt was discharged in the BK the entry for the creditor should read as such. The entry itself will not be expunged until the required 7 years has expired.
May a creditor report the debt to a credit rating agency after the debt is time-barred?
Generally speaking, at some point the creditor is not going to spend the money to keep a deragatory on your credit report. In the case of Bankruptcy it stays on you credit report for 10 yeas. In the case of foreclosure it stays on your credit report for 7 years.
What is an outstanding judgment on a credit report?
An outstanding judgment is a court order that gives a creditor the legal right to collect from a debtor. As court judgments are a matter of public record, a creditor can report the judgment on the debtor's credit reports. An example of a judgment placed on a credit report would be a judgment for eviction. This judgment will remain on the credit report for seven years from the filing date.
How can a person get a past delinquent pay off a credit report when it was dismissed because of bankruptcy?
Really, the only way to have it removed is to dispute it with the credit bureau reporting it. The credit bureau will then contact the creditor for verification. If the creditor can't verify the account, it must be removed immediately. If the creditor can verify the account, your choices are limited to disputing it again and/or just waiting for 10 years for the account to come off of your report.
What date starts the 7-year limit on a credit report?
depending on the creditor there is no time limit on bad credit reporting because when the seven years come close the creditor can sell your debt to another lender and the seven years start over
How long is a repo on your credit?
A repo stays on your credit for at least seven years. However, you may negotiate with the creditor to have it removed earlier.
How bad will a rep hurt your credit?
A repossession will remain on your credit for seven years, which will decrease your credit score. You should work out a payment arrangement with the creditor to avoid it.
When is a charge off removed?
A charge off will stay on your credit report for 7 years unless removed by the original creditor or the credit bureaus. You can dispute a charge off with the credit bureaus and they must verify it with the original creditor with in 30 days or it must be removed from your credit report.
How long can something stay on your credit report after another creditor bought the account?
Seven years begining six months after payment the account ended. Not when it was bought by a third party collector.
How do you get a creditor removed from your credit report that was listed in the bankruptcy two years ago?
If the debt was discharged in the BK the entry for the creditor should read as such. The entry itself will not be expunged until the required 7 years has expired.
Can a creditor collect on a credit card debt over 8 years old?
Probably; it depends on the laws where you live.
May a creditor report the debt to a credit rating agency after the debt is time-barred?
Generally speaking, at some point the creditor is not going to spend the money to keep a deragatory on your credit report. In the case of Bankruptcy it stays on you credit report for 10 yeas. In the case of foreclosure it stays on your credit report for 7 years.
What is an outstanding judgment on a credit report?
An outstanding judgment is a court order that gives a creditor the legal right to collect from a debtor. As court judgments are a matter of public record, a creditor can report the judgment on the debtor's credit reports. An example of a judgment placed on a credit report would be a judgment for eviction. This judgment will remain on the credit report for seven years from the filing date.
How will voluntary repossession of a vehicle affect a persons credit score?
Same as a regular repo. The creditor may still put the repossession on your credit report and it would stay there for up to seven years. Notice the word "may", because it is at the creditor's discretion...
What is the statute of limitations in on medical bills in Kentucky?
Debt collection in Kentucky is long. The creditor has up to 15 years to collect on a written agreement. They have 5 years for an Oral agreement or Credit Card.
What is the statute of limitation for credit card company to collect debt from people owing them in Michigan?
In most cases it is 6 years. However, Michigan has a statute that in some cases will allow a creditor to use another state's SOL. It would be advisable to discuss the issue with an attorney qualified in creditor/debtor law.
