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If an unpaid amount comes off of your credit report after seven years is it gone forever or is there a chance that it could come back on?
Wiki User
∙ 8y ago
An unpaid account that is removed from a CR, may have been "bought" by a third or even fourth party collector. That collector can replace the account in question on the CR whenever they initiate collection proceedings. There really are no "disappearing debts" not even in BK. The exception would be the death of a sole debtor who lived in a non-community property state. And even then there are creditors who would literally pursue the deceased to the grave and beyond.
Wiki User
∙ 8y ago
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Is there still a past due amount on your credit report after foreclosure?
The foreclosure will be on your credit report indefinitely.
Is it correct for the loan amount of a foreclosed property to appear on a credit report?
what ever the balance was at the time of foreclosure will report on your credit report
What does HC mean on a credit report?
HC on a credit report means High Credit. This is the highest amount of money a creditor has issued to you in the past.
Can filing for bankruptcy remove a foreclosure from your credit report?
No, if property has been foreclosed upon the notation will remain on the credit report for the required amount of time of seven years from date of foreclosure. A bankruptcy remains on the credit report for ten years.
When does foreclosure disappear from the public record section of a creadit report?
A foreclosure does not disappear from the public records section of a credit report. It is much like a judgment that is not satisfied. It stays on the report forever.
How long does a paid credit card account that has been closed stay on your credit report?
Forever, since it looks good on your report.
Is there still a past due amount on your credit report after foreclosure?
The foreclosure will be on your credit report indefinitely.
Is it correct for the loan amount of a foreclosed property to appear on a credit report?
what ever the balance was at the time of foreclosure will report on your credit report
Is there a dollar amount for collection agency's to report to the credit bureau?
A collection agency can report you to the credit bureau for any amount of money. There are agencies that will report for amounts under a hundred dollars.
What does HC mean on a credit report?
HC on a credit report means High Credit. This is the highest amount of money a creditor has issued to you in the past.
Can a creditor report you to the credit bureau for 150?
Yes, they can report you for any amount they are owed.
If you pay the full amount on a car repossed will it still show on your credit?
The best thing to do nowadays is, when you pay off anything that may have been put on your credit report, call the major credit bureaus such as Equinox, Transunion and show them proof that you've paid it off. There's a good chance they will remove it from your credit report or at least show that you have a zero balance.
If you signed for a car loan for a friend does all theyre bad credit come on the co signers credit report?
No, but if she defaults on the loan then you will have to pay the amount due or suffer the consequences on your credit report.
Can filing for bankruptcy remove a foreclosure from your credit report?
No, if property has been foreclosed upon the notation will remain on the credit report for the required amount of time of seven years from date of foreclosure. A bankruptcy remains on the credit report for ten years.
When does foreclosure disappear from the public record section of a creadit report?
A foreclosure does not disappear from the public records section of a credit report. It is much like a judgment that is not satisfied. It stays on the report forever.
What is HICR TERM on credit report?
Its the highest credit amount used at any one given point in time on your revolving credit product.
How much weight does a credit report have for rental housing applicants?
A credit report will carry a lot of weight for rental housing applicants depending on the rental agency. Many times a credit report will determine the amount of deposit needed to rent the property.
