Bad credit doesn't just go away after the required 7 years of reporting. Usually you will need to contact all 3 credit bureaus to have the item removed after the 7 year period. Get a free copy of your credit report at http://annualcreditreport.com and check your entries.
No it will not go away in 7 years if it is unpaid. If debt is lft unpaid, the interest rates will continue to go higher and higher.
Yes, you can get Bad Credit Loan.
Your credit re-establishes itself every 7 years, which means if you have a negative item on your credit that has been charged off it will go away in 7 years but up to ten years for bankruptcies and repo's.
There are a few websites where one can go to get information on mortgage lenders for bad credit. Realtor have an article on how to get a mortgage with bad credit. The Bad Credit Whiz website has a list of the top 10 bad credit mortgage companies.
In general, in the U.S. a bankruptcy stays on your credit 7-10 years. Most people will say 7, but there is no guarantee it will go away after 7.
7 years
No it will not go away in 7 years if it is unpaid. If debt is lft unpaid, the interest rates will continue to go higher and higher.
Yes, you can get Bad Credit Loan.
Credit references go away after 7 years. Criminal records never go away.
Your credit re-establishes itself every 7 years, which means if you have a negative item on your credit that has been charged off it will go away in 7 years but up to ten years for bankruptcies and repo's.
You should keep them for 22 years and then they will go bad.
There are a few websites where one can go to get information on mortgage lenders for bad credit. Realtor have an article on how to get a mortgage with bad credit. The Bad Credit Whiz website has a list of the top 10 bad credit mortgage companies.
if the principal loanholder defaults you will be stuck with the payments.Miss them and your credit can go VERY BAD!
go to another country
In general, in the U.S. a bankruptcy stays on your credit 7-10 years. Most people will say 7, but there is no guarantee it will go away after 7.
Bad credit can be fixed by paying off everything. Using a credit fix isn't a solution and may actually harm your credit if the company isn't reputable.
Maybe. It all depends on the bank that you go to, usually with bad credit it‰Ûªs tricky to do, but some banks will do it. It also depends on how bad your credit is. If your credit score is bad enough, nobody will give you a settlement loan.