answersLogoWhite

0


Best Answer

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.

User Avatar

Wiki User

17y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How many years does it take for a debt to be written off?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

The national debt is 6 percent a year how long would it take for the debt to double?

12 years


How long does a debt stay on your record?

How long before they take debt off of your report is 7 or 10 years.


How long does cancellation of debt stay on credit report?

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.


How many years did it take after the constitution was written for women to get the right to vote in national elections?

42 years


How long does a debt have to be inactive before it is past the statute of limitations in Tennessee?

It will take 7 years before the statue of limitations will be inactive on a debt in Tennessee.


What if the cosigner dies Is the estate responsible for this debt?

The loan could be held as a claim against the estate. Such things can cause an estate to take many years to settle.


How many years did it take after the constitution was written for woman to get the right to vote in national elections?

42


10k credit cards debtand fill out for bankruptcy you will be clean again or not?

Possibly ... but it's going to take many years ... possibly between 7 and 15 years to clear all the debt from your credit history.


How long would it take to pay off the US debt?

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


How long does it take to get out of debt?

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.


How many years does it take to grow a pineapple plant?

How many years does it take to grow a pineapple


Can debt collectors take settlement money?

Debt collectors can indeed take settlement money from someone if they owe debt. These collectors may take from what they need to.