i have 3 ccj's and a few debts that at default. i havent paid any of them and they about 8 years old. dont they just come off after a certain amount of years? or do they stay on forever?
2007-02-21 11:01:20 · 11 answers · asked by Anonymous in Business & Finance ➔ Credit
why would they just come off after 6 years? and if i applied for credit now would i get it? but i heard they only come off after 6 years after you have paid them off.. im confused please help?!?
2007-02-21 11:06:36 · update #1
Some creditors will sue you for not paying a debt. If that happens, and they get a judgment, it will stay on your credit for 10 years, but the judgment is renewable every 10 years. Depending on the amount, some creditors will pay to keep it out there forever.
If there is no judgment, a charged-off account will stay on your file for 6 years and 9 months from the "date of delinquency." If the creditor sells the debt, it can stay with you (under different collection agencies) for many years.
2007-02-21 11:50:35 · answer #1 · answered by khill 2 · 1⤊ 0⤋
7 years, your credit record is cleared after that length of time. I had some bad credit a long time ago, I actually took the time to find out what they were a couple of years after it happened, and pay some off, which really surprised them! But I know there were some that I couldn't get in touch with creditors, and I got a bank account and kept things good for a few more years until it had been about 7, and now I have credit cards and a good credit score.
2007-02-21 19:21:29 · answer #2 · answered by Shayna B 2 · 0⤊ 0⤋
Experian.co.uk are currently running a 30 day free trial, giving you full access to your credit report. You can also query anything on the report and ask them to remove information which is`nt accurate.
Well worth looking into - I did and discovered that someone was using one of my credit cards from my old address!
2007-02-22 07:37:58 · answer #3 · answered by pepe..1 2 · 0⤊ 0⤋
credit reports only cover things that they have been informed about in last 6 years. so it may not be on there anymore.
but if the courts keep updating your ccj default then they will be
2007-02-22 10:45:45 · answer #4 · answered by alatoruk 5 · 0⤊ 0⤋
No, they should come off after 6 years. Send off for a report from Experian and Equifax (costs about £2) and you can check.
2007-02-21 19:04:35 · answer #5 · answered by Rachael H 5 · 0⤊ 0⤋
After seven they fall off, but you have to remind them. Do a dispute telling them the statue of limitations is over...make sure its over seven years.
Go to Yahoo groups look under credit repair...they are really helpful with answers.
2007-02-21 19:06:52 · answer #6 · answered by natural_lee_sweet 2 · 0⤊ 0⤋
gone after 5 or 6 years
2007-02-21 19:05:54 · answer #7 · answered by beck 3 · 0⤊ 0⤋
depending on what sort of credit but most credit is wiped clear within 5 years get a credit score check you will find out every little detail of anything that black list you with poor credit and a credit score
2007-02-21 19:07:42 · answer #8 · answered by Angiebaby 1 · 0⤊ 0⤋
As long as the company keeps reporting it will stay on your credit report. Either they stop reporting or you pay it off then it gets removed from your report.
2007-02-21 19:05:20 · answer #9 · answered by Akbar B 6 · 0⤊ 0⤋
the company will send it to various collection agencies in an attempt to retreive some losses that the company has incurred. they will keep bothering you, see if they will offer you a deal and you could get off with paying half
2007-02-21 19:10:22 · answer #10 · answered by chris k 1 · 0⤊ 0⤋