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How long does a debt stay on your credit if the amount is not paid?
A debt will stay on your credit report for seven years after the date that you were originally delinquent on the account. After seven years, this debt is taken off of the account.
After you pay off a collections account how long does the negative record stay on the credit report before it is taken off?
The length of time a derogatory account shows on your credit has nothing to do with it being paid or unpaid. The reporting period is 7 years from the "date of last activity". This date is established by the Fair Credit Reporting Act as the last time the account was paid in a timely manner immediately prior to its' default.
How long does a repossed vehicle stay on your credit report?
7 years after the account is settled.
How long does a paid credit card account that has been closed stay on your credit report?
Forever, since it looks good on your report.
How long will a bad account stay on credit history?
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.
If a company purchase equipment on account will the assets increase decrease or stay the same?
If the equipment is purchased on credit (on account) then the net assets will stay the same as the assets will increase by the same amount as the liabilities
What are the requirements for foreigners to apply for credit cards in Japan?
Foreigners in Japan typically need to have a valid residence card, proof of income, and a Japanese bank account to apply for a credit card. Some credit card companies may also require a certain length of stay in Japan or a minimum income level. It's important to check with individual credit card providers for specific requirements.
How long does charged off credit card debt stay on credit report?
An account is no longer reported after a period of 7 years of inactivity in the USA; 6 years in Canada.
How long can something stay on your credit report after another creditor bought the account?
Seven years begining six months after payment the account ended. Not when it was bought by a third party collector.
Does sharing an account with someone else affect your credit score if they have a worse score?
only if the account in question is not being paid on time, so make sure the account is never late, especially never 30 days late. 30 day late payments stay on your credit report for seven years. www.creditscorehero.com
How long does an unpaid collection account stay on your credit report?
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.
How long does an unpaid credit card stay on my credit score?
It depends on the credit bureau. Experian, for example, removes information after seven years. Equifax removes unpaid items after 10 years. TransUnion is a little more forgiving and will remove an unpaid item after seven years, as long as it's been reported to them as unpaid by the creditor. So it really varies depending on which bureau you're talking about. But generally speaking, an unpaid credit card account will stay on your credit score for anywhere from 3-10 years, depending on the credit bureau and how long the account has been delinquent.
