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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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โˆ™ 2005-11-25 14:12:28
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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.


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.


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.


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.


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.


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

No.


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.


Are children of deceased responsible for his debt in Colorado?

The estate is responsible for 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 companies offer personal loans for poor credit?

Churchwood Finance offer loans for those with a poor credit history, CCJs, arrears and debts. Norton Finance also offer loans to those with a bad credit history.


Is a credit report the same as a credit score?

A credit report tracks your credit reliability based on your history of making payments on your loans and other debts. A credit score is a numeric value based on a weighted formula and your credit history. To find out more on both your credit report and credit score go to http://cashmoneylife.com/credit-score-credit-report-difference/


What credit card companies offer cards to people with no credit history?

My advice is to talk to your banker. Someone with a bad debt credit card should not have another credit card until they have paid off any debts before they further it. Companies will give you prepaid debit cards for people in this situation.


What is your credit score after filing chapter 7?

There is no set credit score that everyone is assigned after filing bankruptcy. How much your credit score drops depends on a lot of factors, including how many debts you discharged, what your score was before you filed, how many secured debts you reaffirmed, and what type of debts were discharged. Hope this helps!


Where can one adverse credit loans?

One of the first places to adverse credit loans would be by credit cards. Those are unsecured debts and will provide an adverse credit history if you avoid paying bills.


Who is responsible for mortgage debt after death?

The mortgage debt is the responsibility of the estate. The mortgage will have to be satisfied before the estate can be closed. Before anything in the estate can be distributed, the debts have to be cleared.


What does a credit score measure?

A credit score is a measurement of factors in your credit history. It is a general score of how well you can manage and repay your debts. Although there are several different scoring standards, your payment history makes up a significant portion of your score.


Who is responsible for your tax debt after your death?

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


Are children of deceased responsible for his debt in California?

The estate is 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.


Sample of letter of credit worthiness?

You will need to make sure to include past experience of paying debts. Have as much information as possible about your good credit history.


What can you do to help clean up debts on your credit report?

Besides paying your debts off or filing bankruptcy if you are unable to pay off these debts there is nothing you can really do to clear them from your credit report. Most debts stay on your credit report for seven years.


When does karma end?

When you have cleared all yourkarmic debts and attained salvation.