2006-11-12 18:59:40 · 4 answers · asked by yerafdog 1 in Business & Finance ➔ Credit
The period for collections and charge offs is 7 years in all states. Bankruptcies 10 years and most judgments are reported for 10 years. A tax judgment or lien stays on until it is paid. These numbers are nationwide.This is not determined by the state you live in as some people think.
You can dispute the items with the credit bureaus if you feel like the account is in error or does not belong to you. If it is an account and the 7 or 10 year period is up, you can do a dispute, saying it is an old account. The bureaus will investigate it and delete it from your credit if they deem fit. If the bad account is reporting to all 3 bureaus, then you need to dispute it with all three bureaus.
2006-11-12 23:55:23 · answer #1 · answered by kelly h 3 · 0⤊ 0⤋
the creditor has the legal capacity to report on the credits of the debtor, either negative or positive, as long as the liability is still standing. the libel can however be stopped if the debtor makes do with the liability and pays off the debts, after which is becomes defamation of character.
2006-11-12 19:10:24 · answer #2 · answered by Nnamsco 3 · 0⤊ 0⤋
It all goes by state. In California its 7 years. Try searching yahoo or google for your state laws reguarding credit reporting act. Only way to get it off before that is to pay the bill. Filing bankruptcy doenst help either. That never goes off your credit report.
2006-11-12 19:08:13 · answer #3 · answered by ►►BLOGGER◄◄ 5 · 0⤊ 0⤋
HEY BRO, USUALLY, AFTER DOING ALL MY FAMILIES REPORTS......YOU VAN JUST DENY IT!!!!!! ALOT OF THE TIMES THEY LOSE THE INFO/CHG COMPANIES/MERGE ETC....IT WORKS, SAY IT WAS NEVER HERS,DON'T KNOW THIS ACCT,...ETC!!!!! IT LEGALLY HAS TO BE REMV'D AFTER 30 DAYS NO RESPNSE FROM CREDITOR, HOPE THIS HELPS W/ ALL NEGATIVE HISTORY.,JC
2006-11-12 23:03:27 · answer #4 · answered by jcinnrhills 1 · 0⤊ 0⤋