2006-07-28 07:03:32 · 10 answers · asked by andy a 2 in Business & Finance ➔ Credit
Andy,
Negative items can only stay on your report for 7 years, beginning from the day of the delinquency.
Be carefull to check this date on your credit report, and collection agents are very good at "re-aging" the debt to a later date, such as the charge off day, or the day the received the file.
If they do this, dispute it. If they won't take it off or change it, you have an excellent small claims lawsuit and can get $1000 for very little effort.
Good luck
2006-07-28 08:55:37 · answer #1 · answered by Anonymous · 0⤊ 0⤋
7 years
2006-07-28 07:06:07 · answer #2 · answered by Anonymous · 0⤊ 0⤋
It takes seven years for a bankruptcy to get off of you credit report or a bad debt that a company has written off. If the company keeps it as a current debt or refers you to a collection agency it could stay on their forever. You need to pay it or hope they forget you owe it. I would not count on them forgetting.
2006-07-28 07:14:34 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Negative information regarding creditors must drop within seven years EXCEPT tax liens which stay on FOREVER (or until paid)!
Please note that when a tax lien is paid -- it stays as on your credit report for SEVEN years. Then it is removed from your report.
2006-07-28 07:19:07 · answer #4 · answered by DaMan 5 · 0⤊ 0⤋
if someone wants to get out of debt today it is pretty easy with a debt consolidation plan
however it may get a bit tricky at times, I suggest you get as much information as possible online on this first,
a good place to start in my humble opinion is:
http://umgarticles.atspace.com/debt-consolidation.htm
2006-07-30 22:24:57 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Yeah, thats right Andy....You can go buy a bunch of crap with someone elses money, don't pay for it, and in seven years it just goes away......I wonder how much longer this game can go on....itz simply amazing how you people buy stuff and it becomes someone elses problem.
2006-07-31 15:36:31 · answer #6 · answered by -* 4 · 0⤊ 0⤋
7 years. If you've let it get into bad standing, even if you pay it, it'll remain for that long.
2006-07-28 07:10:25 · answer #7 · answered by Danielle M 3 · 0⤊ 0⤋
7 years unless they get any money from you before that then it starts all over again
2006-07-28 07:08:35 · answer #8 · answered by Paula A 1 · 0⤊ 0⤋
7 YEARS
TITLE 15 USC SECTION 1692g (b) HELPS BIG TIME IF YOU KNOW WHAT YOUR DOING.
2006-07-28 12:33:00 · answer #9 · answered by rhett_madison 3 · 0⤊ 0⤋
Pay it!!!!
2006-07-28 07:06:30 · answer #10 · answered by Wounded duckmate 6 · 0⤊ 0⤋