You have paid off all your debts how long does it take the credit reporting agencies to reflect this?

credit report is the performance of a borrower on how she/he pays his debts on his credit cards, there are three credit reporting agencies which allows you to prevent from identity thefts, double charges and so on that will appear on your credit report score.

What you need to do is obtain a copy of your credit report. These are agencies that keep track of people's debts and credit ratings etc., and whenever you apply for a loan or credit card or mortgage etc., the bank obtains these reports from these agencies. There are 3 major credit reporting agencies in the USA, and you can get a copy of your credit report from them for free, or for a minimal fee. Study it to see if there are any errors, or debts which have been paid off etc. Then you have to write to the credit reporting agency and ask them to make the specific corrections, or remove erroneous information. Then it is up to them to prove that the information is wrong, or remove it.

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 are not a company that reports unpaid debts to the credit bureau's, you can turn the debt over to a collection agency who does report. The other way is to obtain a judgment against them and it will automatically be reported by the courts.

There are three major national credit reporting agencies (Experian, Trans Union, and Equifax). All debts which have been reported to one of the three credit reporting agencies will show up on a report from that agency. Most people try to get a report from all three agencies so they can see all debts reported to all credit reporting agencies. However, if a debt was never reported by the creditor or a collection agency for the creditor to one of the credit reporting agencies, it will not show up on the credit report. Generally, if you owe a big company like Chase or Bank of America, or if a debt gets sent to a collection agency, it is on the report. But, if you owe $500 to Joe's Small Engine Repair down the street from where you live, it probably won't be on the report. Please note that nothing in this posting or in any other posting constitutes legal advice; this is simply my understanding of the facts and law, which I do not warrant, and I am not suggesting any course of action or inaction to any person. Speak to a lawyer for specific advice. If you have any questions, please refer to a lawyer in your jurisdiction. Thanks!

No, they cannot. According to the Fair Credit Reporting Act all debts after 7 years are not allowed to be reported to the credit reporting agencies, and furthermore, they are to be removed from the credit agencies listings. The misconception is that this is 7 years from when this most current reporting is done. This is untrue, and illegal in all cases. The 7 years starts from the date of deliquency of the originating account. If you stopped paying your bill today the first delinquency would be the next bill cycle, say end of January 2008. This is the set in stone mark for 7 years. 7 years from THAT TIME is the end of the line for reporting that debt.

Credit Counseling agencies help the economy by educating people on how to effectively pay off their debts. http://www.answers.com/credit%20counseling

The best way to determine what outstanding debt one has is to review credit reports from all three (3) credit reporting agencies. Everyone is entitled to one (1) free report per agency per year (at the website www.annualcreditreport.com, managed for the three agencies). Everyone is also entitled to a free credit report if they have been denied credit (one must ask to get the credit report).

When a creditor gives-up on the idea that you will ever get back on the contracted payment schedule or make a settlement payoff for an unsecured debt (and this also is the point at which they decide to remove that contract from their accounting system as a "performing" contract), then they directly inform the credit report bureaus that your account has been CHARGED-OFF AS BAD DEBT. This status is significantly worse than being reported as 90 days behind on the payment schedule. To report bad debts you can sign up for a service (do a search for "Reporting Bad Credit") and you can find many agencies that for a small fee will allow you to report debts to the credit reporting agencies. I will not list any here as that may be perceived as endorsing one over another which wouldn't be fair. If you are a large entity with more than 500 accounts, and have the ability to transmit in the correct format, you can sign up to report directly with the big 3 credit reporting agencies.

The same thing that happens if you didnt move. CC companies send you deliquent notices and eventually flag the credit reporting agencies. Depending on the amount and the number of delinquencies, you likely would destroy your credit rating. Once the CC companies determine it is fruitless to try and recover the debt, and after they reported you to the credit bureau's they will write off the debt as a tax loss. The most important point is if you try and get credit in Europe, the vendor may have access to your bad credit report. Equifax, Experian and Transunion operate in various European countries and others have similar credit reporting agencies.

Get your free annual credit report from all 3 agencies (Equifax, TransUnion and Experian) at site listed in the Related Links below. Do NOT go to any web site with "free" in its URL and do not click on the credit score link, which you will have to pay for. Any local creditors, especially doctors, dentists, newspapers, etc., that do not belong to (for a fee) and thus do not report to one or more of the credit reporting agencies, you will have to document on your own.

CIBIL stands for Credit Information Bureau India Limited. It is a credit reporting company in India. CIBIL collects information about a persons loans, payments, debts..etc, and then compiles a credit report about that person.

Statute of limitations apply to bringing law suits for civil or criminal charges. Reporting of debts on a credit statement is normally limited to 7 years.

By definition, you have 'bad credit' if you pay your debts late or fail to pay them altogether. Therefore, if you have bad credit due to debts, or late payments, and you have no money, there is no way for you to repair your bad credit. But sometimes bad credit can be due to errors on your credit report. If this is the case, obtain a copy of your credit report, notify the credit reporting agency of the errors, and they will check into their accuracy and remove them from your credit report if they find that they are indeed truly errors.

Yes they use the horrible PCNA Premiere Credit Of North America.

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.

Are still valid debts by you. Write off is only a required accounting entry by the creditor so his records reflect the bad business and loss of expected income or asset. It does not in any way discharge or change your obligation to pay.

Debt collectors are always bad news. A useful approach my be credit counseling. These services, paid for by banks, help consumers manage their debts. Never pay for credit counseling. If that is not an option, threaten bankruptcy as this wipes away all unsecured debts, but not student loans, IRS debts, or child support payments.

Yes and no. What the original credit agency should be reporting is that the debt was transferred to a new collector. Once you have proof that the debt was paid in full, you should be able to provide all creditors that are reporting negative info regarding that debt that this is the case and they should mark your records accordingly with a zero balance. It is really entirely up to them as to whether or not they totally remove the entry from your credit report.

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.

"What is the statute of limitations for debts and specifically credit cards in Nebraska?"

Just because your name has changed doesn't mean that you don't have to pay credit card debts. They are still your debts to pay.

Credit card consolidation works by putting all the debts from your credit card into one debt. This makes it easier to keep track of your debts and can often give a lower interest rate than having different debts for different cards.

Debit Bad Debts Credit Provisions for Bad Debts

COMPANIES TEND TO MAKE MISTAKES WHEN IT COMES TO DEBTS APPEAR ON YOUR CREDIT REPRT MORE THEN ONCE. THE BEST THING TO DO IS CONTACT THIS CREDITOR AND HAVE THEM REMOVE THE EXTRA DEBT BY REPORTING IT TO THE BUREAUS. THEY WILL INFORM YOU ON WHAT NEEDS TO BE DONE.