0
Is the 7 years on your credit report figured from the date opened date closed last activity or the last update to credit report?
Wiki User
∙ 15y ago
The 7 years begins on the date of last activity. THE CORRECT ANSWER TO THIS QUESTION IS.....THE 7 YEAR REPORTING PERIOD STARTS FROM THE FIRST MISSED PAYMENT THAT LED TO A CHARGE OFF OR COLLECTION ON THAT ACCOUNT... BY LAW A CREDITOR MUST REPORT AN ACCOUNT AS A CHARGE OFF AFTER 180 DAYS OF NON PAYMENT..... WHICH IS WHY IT IS CONSIDERED TO BE 7 YRS + 180 DAYS BEFORE IT WILL BE REMOVED FROM YOUR REPORT. THIS IS THE FEDERAL LAW REGARDING REPORTING.....THERE IS ALSO THE STATE LAWS WHICH CONCERNS THE STATUE OF LIMITATIONS ON WHICH YOU CAN BE SUED ON A DEBT GONE BAD. EVERY STATE HAS THEIR OWN TIME FRAME REGARDING THIS AND IT SHOULD NOT BE CONFUSED WITH THE 7 YR + 180 DAY FEDERAL TIME LINE. Check with your state laws, each state has different statures of limitations, and any time you have contact, by letter, phone etc to the collection agency, a new date can be set from that time. It will only stay on your report for 7 years if you have absolutely have had no contact whatsoever with the creditor.
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
What does 7 11 mean?
Well it could be a store named for the hours that they opened and closed. Or it could ba an expression from a game of dice.
What is a pair of compasses?
A pair of compasses is a tool used to draw circles, usually consisting of two arms joined at one end in such a way that the arms can be opened and closed.
Why do the cargo bay doors have to be opened when the shuttle is in orbit?
To allow cooling of the Shuttle: The interior side of the two cargo bay doors are covered with radiators. Those radiators are connected to the overall cooling system of the Shuttle. These radiators have to be exposed to space (i.e. the doors have to be opened) to reject their heat and avoid overheating of the Shuttle subsystems. This is why the cargo bay doors are opened as soon as the Shuttle reaches its orbit, and are closed only shortly before re-entry.
What does mean in geometry A closed geometric figure made up of three or more line segments.?
A closed geometric figure refers to any shape that is closed ie not openfor example the letter U is opened the letter O is closed.an opened figure allows access to the inside without passing through the object itself (ie an opened doorway)a closed figure is one you can't go from outside of to inside or visa versa without passing through the object. ie it doesn't have a hole in it.3 or more means what it saysand a line segment is part of a line (note lines go on forever in both directions in geometry) with 2 end points. as differentiated from a ray which has one endpoint and goes off straight in one direction forever. (not bent or curved)lines typically are drawn line segments ._________________.and rays .------------------------------>(sorry but that is the best I can do with typing)so what you are referring to are triangles, squares, rectangles, rhomboids, trapezoids, etc.any normal shape that is not round.
The Bible says in Revelation chapter 20 verse 12 Books were opened what is these first books?
The Book of Life is the "another Book" that has been opened. It is not the one that says "books were opened". What are these books? The Book of life
What can be opened but not closed?
is the styllable hi opened or closed
What is the opposite of closing?
The opposite of the adjective closed is open. The opposite of the verb closed is opened.
Was ray Charles coffin opened or closed?
closed
What is the opposite of opened?
closed
When does the seven years start if there is a credit card debt on your credit report and the card was opened in 1999 but the reported last activity was 2001?
2001. Always go by the later dates of payment, delinquency, etc.
Is a snow leopards circulatory system opened or closed?
closed
Early pregnancy is the cervix opened or closed?
Closed. S
What are the benefits of credit report monitoring service?
The benefits of a credit monitoring service is that your credit is constantly being monitored for fraud activity. It helps prevent identity theft and alerts the member when a credit card balance changes or a new credit card account is opened. The service also monitors changes in credit score.
What can be opened and never closed?
egg
What is a curcuit opened and closed with?
a switch
What can be opened but can't be closed?
an egg
Was Santa Ines closed?
Santa Ines is opened. It is not closed to answer your question.
