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Debt that is charged off plus 180 days can be removed after seven years but a creditor may be able to collect on the debt up to 10 years [depending on state SOL]

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โˆ™ 2015-07-15 21:05:47
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What can a creditor do if you are in default on a credit card

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Monique's previous credit card balance is 199.26 and she has a monthly finance charge of 1.5 How much will the credit card company assess in finance charges on this balance

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Q: Does a bad debt have to come off your credit report regardless of last activityafter seven years?
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Related questions

How long does a foreclosure stay on your credit report?

A foreclosure will typically remain on your credit report for seven years.


How long does foreclosure stay on your credit report?

A foreclosure will typically remain on your credit report for seven years.


How long does a satisfied judgment stay on your credit report WA?

A paid judgment stays on a person's credit report for seven years. An unpaid judgment also stays on the report for seven years, but may be renewed. Tax liens are another item that stay on a credit report for seven years, if paid. If not paid, they remain on the credit report indefinitely.


How can a dismissed bankruptcy be removed from a credit report?

Nothing, a dismissed banruptcy remains on a credit report for seven years.


How long credit card debt stay on credit report?

seven years


How long does an auto repossesion stay on your credit report?

Negative reports on your credit score remain on your report for seven years.


Will a judgment be removed from a credit report if it is paid?

No. It will show that you had a judgment on your credit report for up to seven years, but it will show a zero balance.


How long will bad credit remain on your credit report?

Bad credit or any negative report will remain in your credit report for seven years. Therefore, if it happens that there is a wrong information that will affect your report negatively, be sure to dispute it immediately. You can also do your own credit card repair in order to eliminate any bad credit that will be reflected in your credit report.


How long do debt liens stay on your credit report?

Seven years


When will bankruptcy actually come off credit report?

Seven years is the standard for anything that has been settled to stay on your credit report. So the normal type of bankrupcy, Chapter 13 I believe, will be off the report after seven years.


How long do unpaid tax liens stay on your credit report?

An unpaid tax lien will remain on your credit report for 10 years from the date it's filed. A paid tax lien will remain on your credit report for seven years from its date of filing.


How do you get bad credit off your credit report?

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