Seven years.
It sticks for 7 years. The fact that it was turned over to a collections agency will make it to your credit report. When it is paid in full, it will say "settled" on your credit report so other creditors know you took care of the debt. Even so, it still haunts your credit report for 7 years.
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.
Typically credit reports are updated monthly, but can take up to 90 days in some cases.
The information on the credit report is available up to seven years, both positive and negative. Some collection agencies though can fulfill your request to remove a negative collection in return for a full payment and a lot of people have done this despite it being illegal. The best that you can do to balance out a negative collection is to improve on other aspects of your report. I found ways to do that here http://www.myfreecreditreportx.com/how-to-improve-your-credit-score-fast
Typically these types of actions can be seen on your credit within 30-60 days. There are no laws or rules that requires a credit reporter to immediately post "closed" or "settled" to an individuals credit. Most just report data to the credit bureaus once monthly.
seven years
7 years
It sticks for 7 years. The fact that it was turned over to a collections agency will make it to your credit report. When it is paid in full, it will say "settled" on your credit report so other creditors know you took care of the debt. Even so, it still haunts your credit report for 7 years.
A hospital bill can stay on your credit report from 7-10 years. You can learn alot more by getting a credit report from Transunion, Experian or Equifax. You are entitled to one free credit report a year. You can go to annualcreditreport.com and get your free credit report their. It is very important to know what is 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.
If the bill is turned over to a collection agency, it can remain on your credit for seven years from the date of last activity. ----------------------------------------- That is correct - 7 years. It can come off if you hire a credit attorney, though.
it can stay on your credit report for as long as 10 years.
Like other late payments reported to a credit reporting agency, an unpaid medical bill may stay on a credit report for up to seven years.
How long does a judgement stay on your credit report in ventura county/ca
Included in bankruptcy accounts and collection items both stay on your report for seven years maximun per the fair credit reporting act. The answer is 7 years.
Typically credit reports are updated monthly, but can take up to 90 days in some cases.
What clock on collection? (The time it is reported for on your credit report has nothing to do with how long the debt is actually owed).