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What else can I help you with?
How long does a debt stay active?
Unpaid debt can remain on your credit report for 7 years. If you have a bankruptcy this can remain on your credit report for 10 years.
What is the statute of limitations in connecticut for credit card debt?
7 years
What happens to a collection account After 7 years to a collection account?
Typically, after 7 years, the debt becomes time barred. It would come off of your credit report. If you have had any contact with the creditor or collector within that past seven years, you could have re-affirmed your debt. This means the debt could start all over from that date, if you made any statements to the effect of being responsible for the debt in question. If it's been over 7 years, they can still attempt to collect from you, however you couldn't be sued.
Can a collection agency try to collect a debt after 7 years?
They can send you a letter, but they cannot sue you.
What should you do if a detective agency is chasing you regarding a debt you had seven years ago and how can you find out if the original lender has written this off?
please can you tell me if say after 5/7 years is your debt written off
What happens after 7 years of debt?
After 7 years of debt, the debt will be wiped off a persons credit report. There are some instances that certain types of credit will stay on the credit report for up to 10 years.
In debt again how many years do you have to wait?
7
10k credit cards debtand fill out for bankruptcy you will be clean again or not?
Possibly ... but it's going to take many years ... possibly between 7 and 15 years to clear all the debt from your credit history.
Will credit card debt go away after 7 years if unpaid?
No it will not go away in 7 years if it is unpaid. If debt is lft unpaid, the interest rates will continue to go higher and higher.
How long does a debt stay active?
Unpaid debt can remain on your credit report for 7 years. If you have a bankruptcy this can remain on your credit report for 10 years.
How long does a debt stay on your record?
How long before they take debt off of your report is 7 or 10 years.
What is the statute of limitations in connecticut for credit card debt?
7 years
How long can a debt be listed on your credit report?
Tradelines: 7 years Bankruptcies: 10 years
Do you still have to pay a store card debt after 7 years?
The statute of limitations per the FDCPA (Fair Debt Collections Practices Act) is seven years from the date of last payment. In that time, if it becomes clear to the creditor that you will not have paid off the balance owed, they will very likely obtain a judgment against you that will extend this to ten years from the date of the judgment.
If debt is no longer collectible will it show on your credit?
It gets removed after 7 years.
How long does a settled debt stay on credit report?
7 years from the DOFD
How long must a debt be in default to be legally charged off?
7 YEARS
