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Technically seven to ten years. When a credit card goes into default it gets written off on the creditors taxes as a loss and gets sold to a collection agency for 10 to 20 percent of the original loss. Down the line it gets sold from collection agency to collection agency.

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16y ago

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How do you report a credit card company that issues unrequested cards?

You can report a credit card company to the attorney general of your state. Your state may also have a complaint line against businesses. You can also report them to the Better Business Bureau.


What state accepts credit cards?

all states accept credit cards there arent any that do not accept use of a credit card. I think other countries even allow the use of a credit card


If your credit report show state and federal income tax liens that are 'released' can you dispute them and have them taken off completely?

You can dispute any items on your credit report, including public records like judgments, bankruptcy, foreclosure and tax liens. Items such as these have a significant impact on your credit score. The most important thing about legal entries is having the proper disposition recorded. Unpaid and non-released tax liens have no statute of limitations for how long they can show on your credit report. But the release of lien will trigger the 7 year countdown for when they will no longer show (unless over-ridden by state law). You should be aware that legal items find their way onto your credit report by different means than ordinary trade line. The method of verification varies also. If you have released liens showing on your credit that are accurate; the likelihood of those "coming off" is very low.


How does one report debt owed to them to the IRS and the credit bureaus?

Individuals cannot report to credit bureaus concerning debts that they are owed. Individuals should file a lawsuit in the appropriate state court and when (if) they are awarded a judgment the judgment will appear on the debtor's credit report. Individuals cannot report such matters to the Internal Revenue Service.


If a charged off account now has been removed from your credit report can a third party attempt to collect the debt after if has been removed from the credit report?

Yes. You have to check your state's statute of limitations. The time of the state's SOL for collecting on debts and the federal SOL on credit reports may be two totally different time limits.

Related Questions

How do you report a credit card company that issues unrequested cards?

You can report a credit card company to the attorney general of your state. Your state may also have a complaint line against businesses. You can also report them to the Better Business Bureau.


How long does an eviction show on credit report?

If you receive a judgement to evict non-paying tenants plus a judgement for rent monies unpaid and court costs how to do report this to the credit bureau if you do not have a SS# for the husband and wife? They are believed to have skipped the State when evicted.


What is the statute of limitations on an unpaid debt?

It depends on the state and how the debt is documented. Oral debts are usually the shortest. Written and Promissory Notes are the longest. Open Accounts such as credit cards vary.


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.


Can your house be taken from you in Wa state for unpaid medical or credit card bills?

probably


Can a collection agency report an unpaid balance on your credit report under public records that you received no subpoena for?

Yes. Finding a judgment from a past due collection account on the public record portion of your credit report is quite common. You would need to research your state's law and the state the CA was operating in to determine the requirements for notification. Many states only require the CA to attempt notification, such as sending a letter to your last known address.


How long does bad credit remain on credit report?

It depends on your state, check with your local state law makers.


When does an unpaid medical bill start to have a negative effect on your credit rating?

Your unpaid medical bills will not be reported to credit bureaus until sent to a collection agency. As long as they remain with the provider, the unpaid balance is just that, an unpaid balance. However, some interest rates may apply, depending on the state that you are in, so that balance could change.


How long will a civil judgment stay on a credit report in the state of NY?

In NY State it will stay on your credit report for 5 years from the date filed. Most states are 7.


Can mortgage companies find unpaid judgments or other derogatory that have fallen off your current credit report?

Mortgage companies or lenders essentially use two resources to "locate" derrogatory or delinquent accounts such as unpaid or past due accounts, (credit cards, loans secured or unsecured, etc.) judgements, or tax liens. Your credit report is the first one the second set is gathered from the information reported on your title search (which basically desribes where your property is located, when you acquired the property, how you acquired the property, and who you acquired the property from) This information will show any tax leins and/or judgements that you may or may not have. A title search is performed by a company or a attorney ,usually the one closing the loan...if one is required by the state.


How can I get a credit report in Vietnam?

You can get a credit report in Vietnam through the National Credit Information Center of Vietnam under the State Bank of Vietnam. You can contact them directly at cic.net.vn


How long do judgments stay on your credit report in New York state?

LOOK AT YOUR STATE LAWS AND FIND OUT THE NUMBER OF YEARS; USUALLY IT IS SEVEN YEARS FROM THE DATE THAT THIS WAS FILED.