A delinquency usually refers to an account with late payments. The late payments report on the account for 7 years.
Judgments will remain on a credit report for the required 7 years regardless of the status.
This will stay on your credit indefinitely until it is paid. Once it is paid, it will show a zero balance, but your credit report will still show that you did have a judgment at one time. It will stay on the report for approximately 7 years.
Short Answer: Yes. If you were deliquent, and then paid, it will show that you paid, but were late. And that stays on your credit for seven years. Sometimes you can negotiate with the collection firm to have it removed from your credit in exchange for payment.
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.
Once the account is paid it will update and report as such and remain on your file until it has reached the SOL for reporting which is 7 years
== == Many reasones. Delinquencies stay on your credit score up to two years. There are other reasons why your credit could be affected. Here are the five factors: Payment History Delinquencies Credit Limit Inquiries
Judgments will remain on a credit report for the required 7 years regardless of the status.
Until you clear your debt and your good with the company. After that it will stay on there for about a year but will also have that you paid your money. If you havent paid your debt, then it will remain on your credit history.
Unpaid tax liens remain 15 years from the filing date. Paid tax liens remain 7 years from the paid date of the lien.
This will stay on your credit indefinitely until it is paid. Once it is paid, it will show a zero balance, but your credit report will still show that you did have a judgment at one time. It will stay on the report for approximately 7 years.
The Fair Credit Reporting Act allows unpaid tax liens to remain indefinitely on your credit report. Paid tax liens may remain for 7 years from the date of payment.
Paid tax liens normally remain for 7 years beyond the date of last activity. Unpaid tax liens can remain for 15 years.
Short Answer: Yes. If you were deliquent, and then paid, it will show that you paid, but were late. And that stays on your credit for seven years. Sometimes you can negotiate with the collection firm to have it removed from your credit in exchange for payment.
The recording of the actual lien document will always remain in the public records. If you paid the tax, you should demand the filing of a release of lien. The negative entry on your credit should drop off 7 years after the release is filed.
Nope ... they remain due until paid, and will remain on credit rating until the debt is settled.
If the debt originated after December 1997; it may remain on your credit report for 7 years plus 180 days from the last time it was paid on time.
All valid negative entries on a credit report remain for the required time limit. Medical bills that were referred to collections would remain on the report for 7 years even if they are paid. The impact of paying a debt upon one's credit score cannot be determined as scores are based upon the consumer's entire credit history.