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Bankruptcy.

Defaulted federal student loans.

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โˆ™ 2008-01-18 04:54:06
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Q: What debts stay on your credit report longer than 7 years?
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Related questions

Is it true collection debts erase from your credit report after 7 years?

Yes, however, bankruptcy can remain on the report longer.


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


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.


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.


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.


What does it mean if a old debt is not on your credit report?

Under current laws, a bad account remains on your credit report for only 7-years from the last payment date. Other types of debts, and even public notices, remain on your credit for longer. The right thing to do is pay your bills, do so on-time, and always make sure not to over spend on credit.


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.


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.


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


After seven years when debts from a bankruptcy are removed from the credit portion of your credit report will the bankruptcy still reported in the public record portion affect your credit status?

bankrupcires stay on for 10 yrs. But when you gfinalize the bankruptcy the debts are automatically removed anyways.


How long is it catalog debts stay on your credit?

Unpaid items and negative information stays on your credit report for up to 7 years. Debts such as unpaid taxes or student loans in default will never come off until paid up current or in full. Remember items that are unpaid do not suddenly become unowed after 7 years they just cease to report on your credit bureau.


What is the statute of limitations on bad credits?

The statute of limitations for debts reported on your credit report is 7 1/2 years.


Will an eviction still show up on your credit report after a bankruptcy?

Why not? All debts are discharged, but any other actions, such as evictions, are not affected. And the fact of being discharged in bankruptcy can stay on your credit report for 10 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.


If debts are paid after bankruptcy with a post bankruptcy inheritance does the bankruptcy go away?

No once filed on file. * A dismissed or discharged chapter 7 will remain on a credit report for ten years. A dismissed or completed chapter 13 will remain on a credit report for 7 years.


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.


How long do unpaid debts stay on your credit report?

Charge offs and defaulted accounts will generally stay on a CR for seven years from the DLA. It is possible for the creditor to sue for monies owed, and if a judgment is awarded, it will be entered in the public records portion of a CR and will remain for seven years, often longer. A debt could conceivably state on your credit report until it is paid off. Negative entries on your credit must generally be removed after 7 years. Bankruptcies state on your credit for 10 years.


Dismissed chapter 7 bankruptcy How long does it stay on your credit report?

it can stay on your credit report for as long as 10 years.


What happen when you don't pay your bills?

Your will lose your ability to pull credit for years, your accounts will go into collections, you can be sued for the debts, and/or you can wait 7 years for the debts to come off your credit report. If you have a judgement because you were sued, then it is likely that the debt will stay with you for 10 years +. Moral of the story, do the responsible thing and pay the debts off, even if it takes a long time to do so.


How you get the negative things off credit report if its been 7 years?

simply obtain a copy of your credit report, circle the debts that you are disputing and mail them a letter stating that you are disputing the circled debts because the seven year time limit has expired. The Identity Guard service includes a credit report from all three credit bureaus and also includes sample credit dispute letters that are very helpful for situations like yours. You can get this at www.creditscorehero.com . Good luck


Can a twenty year old credit card debt be put on credit report?

Bad debts can only stay for 7.5 years from the original date of default. Nothing restarts this time period. Till you might want to check your credit report just to be sure. If they did report you now you can contact experian and have it removed


How long can a hard inquiry stay on your credit report?

Up to seven (7) years or longer.


How long does a foreclosure stay on your credit report?

A foreclosure will typically remain on your credit report for seven years.