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Should debts that are over 5 years old be off of your credit report and how can you get them off?
Wiki User
∙ 12y ago
The statute of limitations on accounts reported to your credit history is 7 years from the "date of last activity" on the account. Bankruptcys remain on for 10 years from the date files, Tax Liens 7 years from the date paid. Repossession, P&Ls, Collections, and Foreclosure - 7 years from the date of original delinquincy.
Wiki User
∙ 12y ago
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What can you do to help clean up debts on your credit report?
Besides paying your debts off or filing bankruptcy if you are unable to pay off these debts there is nothing you can really do to clear them from your credit report. Most debts stay on your credit report for seven years.
When can you have bad credit removed from your credit report?
The FCRA says the SOL for debts or negs on your report can only remain for 7 years
Should old debts that are over five years old be off of your credit report?
Yes. You can get them removed. By law (the FCRA) all ACCURATE information stays on a credit report for 7.5 years. You can challenge ANY entry if you believe it to be inaccurate.
How do you know if your bankruptcy is discharged on your credit report?
Bankruptcy does not get discharged. Debts are discharged. The bankruptcy will remain on your credit report for 10 years from the date of filing. The debts that were discharged can remain for 7 years from the date of discharge, showing a zero balance and that they were discharged in bankruptcy.
How can you remove debts that are five years old from your credit report?
If they are valid debt default entries they cannot be removed from the report until the required seven years have expired.
What can you do to help clean up debts on your credit report?
Besides paying your debts off or filing bankruptcy if you are unable to pay off these debts there is nothing you can really do to clear them from your credit report. Most debts stay on your credit report for seven years.
What are the laws pertaining to a credit reporting agency still reporting after a bankruptcy discharge?
Debts included in the bankruptcy should be noted as such in the credit report. The bankruptcy will remain on the credit report for ten years.
When can you have bad credit removed from your credit report?
The FCRA says the SOL for debts or negs on your report can only remain for 7 years
Should old debts that are over five years old be off of your credit report?
Yes. You can get them removed. By law (the FCRA) all ACCURATE information stays on a credit report for 7.5 years. You can challenge ANY entry if you believe it to be inaccurate.
How long does it take an unpaid bill to come off your credit?
Charge offs and most other defaulted debts are expunged (or should be) from a credit report seven years after the DLA.
Is it true collection debts erase from your credit report after 7 years?
Yes, however, bankruptcy can remain on the report longer.
How do you know if your bankruptcy is discharged on your credit report?
Bankruptcy does not get discharged. Debts are discharged. The bankruptcy will remain on your credit report for 10 years from the date of filing. The debts that were discharged can remain for 7 years from the date of discharge, showing a zero balance and that they were discharged in bankruptcy.
If you haven't paid your credit-card debts in 7 years can you apply for a new card?
When you apply for a credit card a credit report will be ran and those credit cards you haven't been paying will be on that report. So I say no.
How can you remove debts that are five years old from your credit report?
If they are valid debt default entries they cannot be removed from the report until the required seven years have expired.
Why does your credit report show some debts that you incurred over 5 years ago as being reported as recently as this month?
This is probably because they are still out standing debts. You have to pay them. It will still stay on your credit report for seven year period. Good Luck.
When do old debts fall off your credit report?
They don't! you actually have to pay them. Wrong! Negative information can only report on your credit report for 7 years from the DOFD and 7 to 10 years for Tax liens. Only information that stays on your report indefinitely is a criminal convictions
If a collection account isn't a credit card does it fall off your credit report immediately once it is paid?
No. Negative entries concerning all creditor debts remain on the consumer's credit report for the required 7 years.
