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Should points be added to a credit score if a closed account has been incorrectly reporting as delinquent for the past 5 years and has just been corrected?
Wiki User
∙ 15y ago
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Wiki User
∙ 15y ago
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What is a delinquent account?
A delinquent account is any account that has a past due balance. It will remain in delinquent status until the account has a zero balance.
If you had an account become delinquent in 1998 but the charge off appeared on your credit report in 2005 can this be removed?
Dispute it with the reporting agencies. They are Equifax; Transunion and Experian.
If you opened a credit card account seven years ago but another company buys the delinquent account does the 7 years start all over again?
When you OPENED the account is not relevant. The date of first delinquency determines the start of the reporting period and that date cannot be changed by anyone. The re-selling of a debt does NOT restart the reporting period.
What is a delinquent bank account?
A bank account is usually considered delinquent if it is overdrawn and the owner has failed to repay the amount owed. Usually an account is labeled "delinquent" after around two consecutive months of non-payment.
Which is a reason for account suspension?
Account delinquent after 61 days
Which a reason for account suspension?
Account delinquent after 61 days
Should you pay off 6 year old debts?
If the last time these accounts reporting to you credit report, then leave them along, they probably will come off the credit report in the seventh year. If the account is 6 years old but is still reporting currently as a delinquent account, then you may want to look into settle this debt.
How much time to pass for an AR account to be delinquent?
The amount of time required to pass for an AR account to be considered delinquent is 30 days.
How much time needs to pass for an account to be considered delinquent?
The amount of time required to pass for an AR account to be considered delinquent is 30 days.
How much time need to pass for an AR account to be delinquent?
The amount of time required to pass for an AR account to be considered delinquent is 30 days.
How much time needed to pass for an AR account to be considered delinquent?
The amount of time required to pass for an AR account to be considered delinquent is 30 days.
How much time need to pass for an AR account to be considered delinquent?
The amount of time required to pass for an AR account to be considered delinquent is 30 days.
