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How do you clear you credit report from open and end accounts over the statute of limitations?
First you have to pay off your loans in cash if you want to quickly remove your credit report first. Besides this you may contact a good credit repair company.
What else can I help you with?
What is the statute of limitations on bad credits?
The statute of limitations for debts reported on your credit report is 7 1/2 years.
What is the statute of limitations in the state of Louisiana on removing charge offs off your credit report?
There is no statute of limitations associated with credit reports. However, any information that is more than 7 years old should be removed from the report.
Is statute of limitations on credit report 7 years no matter where you live?
Statute of limitations apply to crimes and civil law suits. Civilian credit reports are typically limited to seven years by consumer protection laws.
Broker breached contract but won a judgment against us in a court of law. Is there a statute of limitations on that judgment.?
There is no statute of limitations on a judgment. The only way a judgment can be satisfied is to pay the debt and then it will be removed from your credit report.
Is there a time limit on disputing inaccurate credit information?
There is no statute of limitations in disputing information on your credit report. If it is being reported, it can be disputed. Simple enough! ;o)
If an account was charged off and removed from your credit report after 7 years can another company buy the account and place it back on your credit report?
No, it is illegal, and if you are a victim of this, you can have it removed from your credit report by disputing it with the bureaus. After the statute of limitations is up on any trade line, it can not be placed back on your credit report.
What happens if you do not pay your debt within 7 years will you still be obligated to owe that if it falls off your credit report?
Many consumers assume that the time to collect a debt corresponds with the time the debt remains on the credit report this is not true. Statute of Limitations laws for debts are enacted by states, some concerning open accounts (such as credit cards), can be as short as three years.
If a person is totally disabled how can the 7 year statute of limitations be removed from the credit report?
Being disabled does not exempt a person from FRCA laws.
How long can collection agencies continue to send letters after the 7 year statute?
The statute of limitations applies to the length of time derogatory information, (late payments, legal actions and collection accounts) can appear on your credit report. There is a separate statute of limitations regarding the length of time you can be sued over a debt. This is established by state, rather than federal, law and varies by state. Even if you wait until a collection account falls off of your credit report; you still owe the debt. Collectors can, and will, continue to try to collect it until you pay it.
What is the statute of limitations for credit card debt in Massachusetts?
The statute of limitations on credit card debt for Massachusetts is 6 years according the website I found. (http://www.creditinfocenter.com/rebuild/statuteLimitations.shtm) NOTE that this is different from what will be reported on your credit report. In any case, if you do not pay what you owe, your score and ability to borrow will be low for a longer period of time.
Will disputing a old debt on your credit report restart the statute of limitations in NY?
No, only making a payment, promising to make a payment, or providing a letter of reaffirmation of the debt can reset the statue of limitations.
How do you remove lien from credit report?
How can I get a lien removed from my credit report what is the statute of limitation law?
