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Why is your answer to the question do you still have to pay a credit card debt after seven years so blatantly wrong?
It's uncertain to whom the question is being addressed but the answer given to the question is somewhat correct.
The only time a valid debt becomes invalid is when the lender/creditor "forgives" the debt. It is likely that the 7 years referred to concerns the time a defaulted debt remains upon the debtor's credit report. A credit report is in no way related to whether or not a debt is still collectible.
All U.S. states have SOL's relating to debts. SOL's determine the time limit which a creditor/lender has to file a civil suit against the debtor(s) for monies owed. However, the expiration of the SOL does not mean the debt is no longer valid and a creditor/collector can continue to pursue the matter by whatever means the laws of the debtor's state allows.
What else can I help you with?
Is a paid off car loan still on my credit report?
Yes, a paid off car loan may still appear on your credit report for a period of time, typically up to seven years. This information can impact your credit score and history.
Do you still have to pay for balance owned on a credit card after seven years?
Legally and ethically, yes. Collection agencies can continue to chase you. As a borrower, you must sign a promisory note guaranteeing repayment of a loan. This seems pretty straight forward, why is there a question here?
Why does your credit report show some debts that you incurred over 5 years ago as being reported as recently as this month?
This is probably because they are still out standing debts. You have to pay them. It will still stay on your credit report for seven year period. Good Luck.
After seven years when debts from a bankruptcy are removed from the credit portion of your credit report will the bankruptcy still reported in the public record portion affect your credit status?
bankrupcires stay on for 10 yrs. But when you gfinalize the bankruptcy the debts are automatically removed anyways.
Is 767 a good credit score?
I think you are just fishing for compliment! you know its good so why still ask this silly question!
Is a paid off car loan still on my credit report?
Yes, a paid off car loan may still appear on your credit report for a period of time, typically up to seven years. This information can impact your credit score and history.
What if a charge off still shows on credit history after seven years?
you contact the 3 equifax and submit the findings to be removed
Do you still have to pay for balance owned on a credit card after seven years?
Legally and ethically, yes. Collection agencies can continue to chase you. As a borrower, you must sign a promisory note guaranteeing repayment of a loan. This seems pretty straight forward, why is there a question here?
Why does your credit report show some debts that you incurred over 5 years ago as being reported as recently as this month?
This is probably because they are still out standing debts. You have to pay them. It will still stay on your credit report for seven year period. Good Luck.
Can a judgment be put on your credit if the debt was part of the bankruptcy?
Not if the debt was discharged in the bankruptcy. If the judgment was on the credit report before the bankruptcy was filed and/or was discharged in the bankruptcy, the entry will still remain on the CR for seven years.
After seven years when debts from a bankruptcy are removed from the credit portion of your credit report will the bankruptcy still reported in the public record portion affect your credit status?
bankrupcires stay on for 10 yrs. But when you gfinalize the bankruptcy the debts are automatically removed anyways.
If you satisfy a judgment today that was filed in 99 in AL how long will it show on your credit report?
A satisfied judgment can typically stay on your credit report for seven years from the date it was filed. Even after it is satisfied, it may still appear on your credit report for the full seven-year period, but with a notation stating that it has been paid.
Is 767 a good credit score?
I think you are just fishing for compliment! you know its good so why still ask this silly question!
If a credit card is not activated does it still reflect on your credit report?
Yes. If they extend the line of credit to you, and you do not activate it, it will still show up on your credit report.
You filed chapter 7 bankruptcy 3012002 it still remains on your credit report can you have this removed because it has been seven years?
No....10 years from discharge
Will paying off a car loan raise your credit score after a bankruptcy?
The bankruptcy will still be reported on your credit file for up to ten years however, it will denote that the car loan was paid off. So to answer the question wil it raise your credit score. The answer is no.
Does a judgment still stay on your credit report after 7 years if the status says filed or will it come off the credit report after 7 years regardless?
Some judgments will be removed according to the seven year time limit some will not. Many judgments are renewable, if that is the case the judgment can stay or be reentered on a CR. The "filed" indicates when the judgment became valid, and that is the date from which the seven year time frame usually begins.
