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Most debts remain seven years, bankruptcies 10 years, judgments seven years to an indefinite period of time if they are renewable.

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Q: How long do debts stay on your credit history before they are cleared?
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Who is responsible for your credit card debt after your death in Mississippi?

The estate is responsible for the credit card debts of the deceased. That means before the estate can be settled, all debts have to be cleared. If there is not enough in the estate to cover them, they may not get paid.


Who is responsible for credit card debt after death in Georgia?

In Georgia it will be the responsibility of the estate. No will is necessary to open an estate. Before anything in the estate can be distributed, the debts have to be cleared.


Is the beneficiary of an estate responsible for the deceased debts?

Debts are the responsibility of the estate. No will is necessary to open an estate. Before anything in the estate can be distributed, the debts have to be cleared.


What if you have bad credit because of bills not credit card debts?

It is still bad credit history.


If you pay your debts will it clear your credit?

Your credit history is exactly that... a history. Paying off your debts is certainly beneficial, but it won't immediately and completely wipe out any prior dings.


Who is responsible for credit card debt after death in Nebraska?

As in all states, Nebraska requires the estate to be responsible for all the debts of the deceased. That means before the estate can be settled, all debts have to be cleared. If there is not enough in the estate to cover them, there are some people who will not get paid.


What is the meaning of a credit report?

a credit report indicates your history of generating and paying debts on time.


What should one do if they have a bad credit history but need money before their payday?

One should try to improve their own credit score so they can get more money before their payday. They can use their credit cards and pay off debts before pay day.


Can medical bills of a deceased parent get in the way of the estate heir?

Yes, they will get in the way. Debts are the responsibility of the estate. Before anything in the estate can be distributed, the debts have to be cleared.


Will you be responsible for your dead husband's credit card debts that he had before you married?

No.


Why do people have good and bad credit ratings?

Credit ratings are intended to express the degree to which we can rely on people to repay their debts, based on their past history of either repaying or not repaying debts.


How can a good credit history help you?

Having a good credit hisotry means if you want to open a line of credit, such as get a mortgage for example, the company will look on you more favourably than someone who has no credit history and hasn't proven they can handle the debts.