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What can you do if a bad credit card debt does not come off after seven years?
Wiki User
∙ 12y ago
Call the bank and sort it out
Wiki User
∙ 12y ago
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Can a credit card company collect on a debt over seven years old?
Yes. Even though the chargeoff line item should come off of the credit report in seven years, the credit card company may attempt to collect their debt for as long as they wish (assuming no fair credit collection laws are broken in the process).
How does a credit card account differ from a checking account?
A credit card account comes with a credit card, which can be used to authorize purchases of any value. The checking account does not come with a credit card and is used for issuing checks.
What date starts the 7-year limit on a credit report?
depending on the creditor there is no time limit on bad credit reporting because when the seven years come close the creditor can sell your debt to another lender and the seven years start over
What are three responsibilities that come from using credit?
responsibilties of using credit card
Can a judgment be removed if it had an expiration date?
According to the Federal Fair Credit Reporting Act,yes. Judgements stay on for only seven years. If your judgment is on your report,and it has been over seven years, you are legally entitled to dispute it. Do this with all credit reporting agencies. They can provide you with the details to dispute an item. It will then come off. According to the Federal Fair Credit Reporting Act,yes. Judgements stay on for only seven years. If your judgment is on your report,and it has been over seven years, you are legally entitled to dispute it. Do this with all credit reporting agencies. They can provide you with the details to dispute an item. It will then come off.
Which credit card is best in terms of rewards?
Each credit card has its own rewards that you can get from them. I prefer the rewards that come with a new Visa.
How credit card fees affect the Income statement?
Credit card fee will come under Opeating exp in incotme statement
How long does an unpaid long distance bill stay on your credit?
If the bill is turned over to a collection agency, it can remain on your credit for seven years from the date of last activity. ----------------------------------------- That is correct - 7 years. It can come off if you hire a credit attorney, though.
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.
If i applied for a CitiBank credit card then added my boyfriend and the bill haven't been paid in 5 years and I am about to file bankruptcy does that debt come off my boyfriend credit report?
Your boyfriend will most likely be responsible for the credit card..it's up to CitiBank but I think he would be liable.
Do you have to pay for the new maps that come out for MW2?
Yes. You need to pay with your credit card in the PlaystationStore by just putting your credit card information.
Should I get a prepaid credit card for my small business?
A prepaid credit card can be a good option for a small business as it can prevent falling into debt as the money is paid up front. It can come in handy for transactions that require a credit card and for those who have been decline for a credit card due to poor credit.
