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Should you pay a 3000 dollar debt if it will be removed from you credit report in a year?
Wiki User
∙ 14y ago
Negative information is dropped from the CR seven years after the debt's DLA. However, the removal of the information does not mean that the lender cannot file suit to recover the debt owed. The time frame for filing a civil suit to recover a debt is determined by the SOL of the debtor's resident state.
Please be advised, an SOL for debt is not an "automatic" defense against a suit. The debtor defendant must claim such a defense for non payment and be able to provide substantiating documents. Even so, in some US states the judge has the option in specific circumstances to "toll" and SOL.
Wiki User
∙ 14y ago
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When will a 1999 discharged bankruptcy be removed from a credit report?
It should be removed from the credit report in 2009. A bankruptcy remains on a credit report for ten years from date of discharge.
How does having a repossession removed from your credit report affect your credit?
Anytime a negative item is removed from your credit report, it will raise your credit score unless new collections are added to your report.
How can you get your chapter 7 bankruptcy off your credit report?
It should rotate off of your credit report about 7 years after being discharged. It cannot be removed.
Will a credit score change when a discharged bankruptcy is removed from the credit report?
Yes, but only after the bankruptcy is removed from your credit report - which can take over ten years from the discharge.
How do you remove lien from credit report?
How can I get a lien removed from my credit report what is the statute of limitation law?
When will a 1999 discharged bankruptcy be removed from a credit report?
It should be removed from the credit report in 2009. A bankruptcy remains on a credit report for ten years from date of discharge.
What should you do to get paid collections off your credit report?
If the account is legitimately yours, then you cannot legally have it removed from your credit report. However, if you paid the collection account off, it should be reported as paid on your credit report. Still, the accounts will not be removed from your credit report for 7 years.
I have an eviction from 2001 how long will it show on my credit report?
The judgment should be removed from your credit report 7 years from the date it was entered.
How does having a repossession removed from your credit report affect your credit?
Anytime a negative item is removed from your credit report, it will raise your credit score unless new collections are added to your report.
How can you get your chapter 7 bankruptcy off your credit report?
It should rotate off of your credit report about 7 years after being discharged. It cannot be removed.
How do get a discharged chapter 7 removed from your credt report?
You cannot get it removed from your credit report. It will be on your credit report for 10 years and it will affect your ability to get loans and other type of credit accounts.
Will a credit score change when a discharged bankruptcy is removed from the credit report?
Yes, but only after the bankruptcy is removed from your credit report - which can take over ten years from the discharge.
How do you remove lien from credit report?
How can I get a lien removed from my credit report what is the statute of limitation law?
How can something be removed from your credit report?
It depends on what you mean. If you have erroneous information on your credit report, contact the credit reporting agency and tell them you want to file a dispute. If you're referring to a negative credit account or report that is in fact accurate, you usually cannot have that removed. Entries on your credit report are removed automatically after 7-10 years depending on what it is.
Can you get a late payment removed from your credit report?
A late payment can be removed from your credit report. Any information you believe to be erroneous or inaccurate can be disputed with the 3 major credit bureaus and if that information is not verified, it must be removed.
Can you remove bankruptcy from credit report?
Yes you can remove a bankruptcy from your credit report. You must dispute it to the credit bureaus using the Fair Credit Reporting Act. The credit bureaus have 30 days to verify the listing or it must be removed from your credit report. A bankruptcy should only be disputed if it is erroneous or inaccurate.
Can you remove inquiries from credit report?
Inquiries can't be removed from a credit report at your request, which means you must wait at least two years for them to be automatically removed.
