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What else can I help you with?
How long is a repo on your credit?
A repo stays on your credit for at least seven years. However, you may negotiate with the creditor to have it removed earlier.
How do you get a creditor removed from your credit report that was listed in the bankruptcy two years ago?
If the debt was discharged in the BK the entry for the creditor should read as such. The entry itself will not be expunged until the required 7 years has expired.
Do you have to pay a credit card debt if sold to another creditor during the two years?
it depends on the card and company.
May a creditor report the debt to a credit rating agency after the debt is time-barred?
Generally speaking, at some point the creditor is not going to spend the money to keep a deragatory on your credit report. In the case of Bankruptcy it stays on you credit report for 10 yeas. In the case of foreclosure it stays on your credit report for 7 years.
What is an outstanding judgment on a credit report?
An outstanding judgment is a court order that gives a creditor the legal right to collect from a debtor. As court judgments are a matter of public record, a creditor can report the judgment on the debtor's credit reports. An example of a judgment placed on a credit report would be a judgment for eviction. This judgment will remain on the credit report for seven years from the filing date.
Bad credit history takes how long to be cleared from the system?
Bad credit history is reported for seven years. Each time you make a payment on the account, the time that a creditor can report the account starts over.
Do you contact the credit bureaus to get rid of your debt?
Yes, but only if you do not legally owe the debt. And if that were the case, it would be easier to go straight to the creditor to have them remove it from your credit report. If you legitimately owe the money, then it becomes much more difficult to get rid of this information, since legally it can remain on your credit history for 7 years, and sometimes longer.
How Long Does Information Stick To The Credit Report?
Credit reporting agencies stores information from credit grantors and public record information, including bankruptcy, choice and liens. Skipped obligations and many criminal record products stick to the credit history for seven years, except for Chapter 7, 11 and 12 bankruptcies, which remain for ten years, and delinquent tax liens, which remain for approximately 10 years. Active positive information may stick to the report indefinitely. Demands for your credit report stick to the credit history for approximately 2 years.
Why does credit information remain on your credit report even though the account has been closed for years?
It's all part of your credit history..the good the bad and the ugly. I longer history is generally good.
What date starts the 7-year limit on a credit report?
depending on the creditor there is no time limit on bad credit reporting because when the seven years come close the creditor can sell your debt to another lender and the seven years start over
How many years is bankruptcy?
In the US, a bankruptcy will remain on your credit history for seven years, minimum. Creditors may seek to re-add the BK information on your credit report, even after the seven years.
How long is a repo on your credit?
A repo stays on your credit for at least seven years. However, you may negotiate with the creditor to have it removed earlier.
How bad will a rep hurt your credit?
A repossession will remain on your credit for seven years, which will decrease your credit score. You should work out a payment arrangement with the creditor to avoid it.
When is a charge off removed?
A charge off will stay on your credit report for 7 years unless removed by the original creditor or the credit bureaus. You can dispute a charge off with the credit bureaus and they must verify it with the original creditor with in 30 days or it must be removed from your credit report.
How long can a debt with a credit company stand for if no contact has been made for nine and half years?
Debts do not "expire" unless the creditor cancels the debt and remits a 1099C to the debtor. There are statute of limitations for debts that are established by the laws of the debtors state which prevent a creditor from filing a civil suit to collect the debt owed. Negative credit information remains on a credit report for seven years from the DLA, (an exception could be a valid recorded judgment).
What is the statute of limitations on a phone bill in ks?
It remains on credit record for around seven years. As the price of hard drives goes down, this is slowing down the removal of this information. It affects your credit score for three years. If the creditor is really after you, they can reapply for a judgment and start the process over.
How do you get a creditor removed from your credit report that was listed in the bankruptcy two years ago?
If the debt was discharged in the BK the entry for the creditor should read as such. The entry itself will not be expunged until the required 7 years has expired.
