My Question is - do i have to pay that bill in order for it to be removed in seven years? I have a bill in collection and it was reported 01/01, will it go off next year or do I need to pay it off in order for it to go away?
2007-02-22 11:33:39 · 2 answers · asked by innals27 1 in Business & Finance ➔ Credit
The collection will fall off your report after the 7 year limit is up. Depending on where you live, though, the creditor can sue you if the statute of limitations has not passed. Please see the link below for your state's length of time an agency can sue you.
2007-02-22 12:47:12 · answer #1 · answered by Mariposa 7 · 0⤊ 0⤋
Consolidating debt is an ideal way to reduce your amount and tenure of debt. You make a single payment to one lender on a certain date and this will help you clear off the debts faster. But the fact remains that debt
2007-02-22 23:22:04 · answer #2 · answered by hendy h 2 · 0⤊ 0⤋