There is no set time for a creditor/lender to cancell a debt. Charge offs are generally done 180 days after the account becomes delinquent. A Charge off does not mean the debt is not still owed and collectible.
12 years
How long before they take debt off of your report is 7 or 10 years.
Most of the time cancellation of debt will remain on your credit report for seven years. If the cancellation of debt is associated with a bankruptcy, it may take 10 years.
42 years
It will take 7 years before the statue of limitations will be inactive on a debt in Tennessee.
The loan could be held as a claim against the estate. Such things can cause an estate to take many years to settle.
42
Possibly ... but it's going to take many years ... possibly between 7 and 15 years to clear all the debt from your credit history.
The U.S is aproximently $13,048,885,524,238.38.in debt and it would take Samantha 400 years to pay it back to BenitoRead more: How much money does the US owe
Not long if you work on paying it off as quickly as possible. It depends on the size of the debt, and the type of intrest rates you have. For a house, expect 30 years.
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Debt collectors can indeed take settlement money from someone if they owe debt. These collectors may take from what they need to.