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It varies from state to state, but generally its about 7 years from the last time the debt was active, but keep in mind if you make any payments on it, the time starts over.
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∙ 16y ago
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How long does a debt stay active?
Unpaid debt can remain on your credit report for 7 years. If you have a bankruptcy this can remain on your credit report for 10 years.
How do you calculate net debt?
A metric that shows a company's overall debt situation by netting the value of a company's liabilities and debts with its cash and other similar liquid assets. Calculated as: Net debt = short term debt + long term debt - cash & cash equivalents
How long can a collection company try to collect on an account?
Until your state's statute of limitations runs out on that debt.
How long does an unpaid collection account stay on your credit report?
If the debt originated after December 1997; it may remain on your credit report for 7 years plus 180 days from the last time it was paid on time.
How long will a bad account stay on credit history?
Until you clear your debt and your good with the company. After that it will stay on there for about a year but will also have that you paid your money. If you havent paid your debt, then it will remain on your credit history.
Can a debt collection company issue a summons for unpaid unsecured debt?
Yes, once a debt collection agency buys your debt from the original creditor they are legally entitled to all of your debt. Therefore, they can take you to court for any unpaid debts, so long as it is the debt they bought from the original creditor and only that debt.
How long does a credit card company have to sue you for unpaid credit card debt?
as long as it remains a part of your credit report, 7 years.
How long does a debt stay active?
Unpaid debt can remain on your credit report for 7 years. If you have a bankruptcy this can remain on your credit report for 10 years.
How long does delinquency stay on credit file?
Generally they can pursue/report for 7 yrs on a debt that is unpaid.
What is the statute of limitations for unpaid DUI fines in Oregon?
None. It's a debt to the court and there is no limit on the time they have to collect or how long they can hold you license suspended if it remains unpaid.
Can I Report an unpaid owner finance loan to collections?
as long as you have a written contract. and proof of the debt and payment history. JUST IN CASE THE DEBTOR DISPUTES THE DEbt with the collection agency you hire or all 3 credit bureaus. YOU WOULD HAVE PROOF TO BACK UP ur claim. JUDE KAGABINES LEXINGTON SC
For how long can an unsecured debt be pursued?
until the company writes the debt off or the person owiing the debt dies
How long does it take to claim the sss salary loan check from company?
how long does it claim for salary loan sss
Why is your bank account garnished?
Your bank account can be garnished if you have an unpaid bill that has remained unpaid for a long time. The company (or the debt collector) can take legal action to recover the money owed from either your wage, or your bank account. There are specific laws for each situation, so you need to be careful. Best option is just to make sure your bills are paid on time.
How long does a insurance company have to evaluate a claim?
life insurance
How long have a company have to wait to claim a payment?
1 week
Insurance claim number for breaking and entering at an office was issued after the police and insurance company were notified How long is that claim in effect they took the premium for years?
The question is unclear as to what information is being sought. The insurance claim should have been submitted and documented as soon as possible after the event (if there was any time limitation it should be mentioned in the contract). If the claim has gone unpaid for a lengthy time contact the company and ask the reason why and demand that it be placed in a written communication, preferably a letter through the mail.
