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UNLESS she declares B/K, it will remain for a longer time.

No not true. EVERYTHING except bankrupties and tax leins may ONLY remain on your credit for 7 years. If it is still there after 7 years contact the credit bureau and demand they remove it. This MUST be done in writing.

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โˆ™ 2015-07-15 19:05:03
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Q: If you do not pay the deficiency on a repo will it get completely erased from your credit report after seven years?
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What are the odds of a bank coming after you in a deficiency judgment?

99.9% unless you are in prison or otherwise known to be completely incapable of paying. Then they just report you to the credit bureau


When a negative remark falls off the credit report after 7 years does it lower the credit score or swing it higher if the debt was never paid?

When the negative debt is completely erased from your credit history, your credit score will experience an upward swing. Also, the longer time goes by and you have clean clear credit (and the debt is still on your report), your credit score will improve.


How often does the credit report get erased if you have just applied for too many cards and got denied?

Generally, credit report notations fall off after 7 years, unless the hits are repeated.


Pay off a repossession does it get removed from your credit report?

Paying off a repossession will not generally get it removed from your credit report. If you have a good faith basis for disputing the deficiency on your credit report, you should do that. Many consumers have very good arguments as to why they do not owe the deficiency they are being charged by lenders. In addition to disputing the deficiency on your credit report, you want to be sure to defend any deficiency action brought against you by a creditor. Do not default on these lawsuits. When faced with a competent defense, most creditors, debt buyers in particular, cannot prove their case against you. Winning the case is court certainly goes a long ways toward providing you with a sound basis to dispute the alleged debt on your credit report.


If unpaid medical is not on your credit report can they charge you for it after the fact?

Yes. Some institutions/businesses do not report to credit bureaus. The debt not being placed on a credit report does not mean it is not completely valid and collectible.


Can bad credit be erased out of your credit file legally?

Bad credit can be erased legally by sending certified letters to the credit reporting agencies disputing information found in the reports. If the credit agencies cannot provide proof of the debt or validate it then legally the debt is removed from one's credit report. Alternatively, one can contact the creditor and request that the debt be removed if exchanged for a pay off.


Is ones debt completely gone when it is removed from credit report record?

It may not be, records on your credit report can expire and disapear but the debt still needs to be repaid


Is a bad debt erased after 7 years?

No it is NOT! You have to get your credit report to see when the creditor last updated their report to the credit reporting agency. If the creditor chooses to report this bad debt every month than your bad debt will only be erased from the last update. For example: You have a bad debt from a Sears credit card from Jan of 2010. Each month Sears has reported your bad debt to Trans Union or one of the other agencies. The new date is from the last time they updated your credit report NOT from Jan of 2010. They can update it every month for the next 20 years and it will stay as a bad debt and ruin your credit report score. Legal to do it too.


How can you erase a repossession from credit report?

It can not be erased. If it has been paid, it will come off your credit in 7 - 10 years. If you still owe money on it and they report monthly that you owe an amount, it can stay indefinitely. If you owe money, but they are not reporting it monthly to the credit agencies, it i will come off in the 7 - 10 years.


If you pay off an enormous credit debt within a year will it be completely off your credit report once it is paid off?

Every credit company and lender is required to repost to the credit bureaus monthly so it will show a zero balance within a month of paying it off but it will not be completely off you credit report. It will still show the company and original balance of the loan but it will show that the balance is at zero and when it was paid off.


Who sings free credit report?

it was just a misleading. there is no really free credit report but there's a free credit report trial


Where can one view my credit report?

Someone can view their own credit report from a number of credit scoring agencies, such as equifax, transunion, and annual credit report, and experian.


How many years of credit reports requests are included on a credit report?

Generally, only the last twelve (12) months of credit report requests are included on a credit report.


How long will bad credit remain on your credit report?

Bad credit or any negative report will remain in your credit report for seven years. Therefore, if it happens that there is a wrong information that will affect your report negatively, be sure to dispute it immediately. You can also do your own credit card repair in order to eliminate any bad credit that will be reflected in your credit report.


Does a bankruptcy remove the crediters from your credit report?

No, the information remains on your credit report.


Does Home Depot report business credit to credit bureau?

does home depot report to credit bureaus? I am trying to rebuild my credit.


How do you find out what financial institution issued a credit card when the account number is not on your credit report?

Call the Credit report agency that pulled your credit from the Bureau's and ask them to look at the back of the credit report where it says inquiries.


How long does it take to get a settlement off of your credit report?

Depends on the particular situation. Normally figure on about 7 years before this dirty mark will get erased. This is why it is so very important to protect your credit rating - if one doesn't have the cash in the bank, then one should never charge anything on a credit card.


If you are in good standing in your credit report what credit score do you have?

Scores of 700 or above suggest a decent credit report.


Will the satisfaction of a judgment affect your credit score and does it completely come off your credit file or show as satisfied?

A judgment will reduce you credit score. It takes about 7 years for an item on your credit report to be removed. You have to make a request for it to be remove from your credit after you 7 year period.


Does your credit report show if your married?

If you filled out any applications for credit and said you were married -or- if you have any joint credit with your spouse, it will be on your credit report.


Obtaining a report from the credit bureau can be done how?

There are many ways one might obtain a report from a credit bureau. The website, Annual Credit Report is the most reputable and does not require a credit card.


Who has a legal right to check your credit report?

You have the right to see your credit report. If you have asked some person or institution to extend credit to you, they have a right to see your credit report. In many jurisdictions, potential employers may also obtain your credit report. If the police are considering whether you may be a suspect in a criminal investigation, they may also view your credit report.


Report an unpaid bill to credit bureau?

How do I report an unpaid bill to a credit bureau?


Can creditors remove their accounts from your credit report?

no, it should stay on your credit report for life.