If so, how long and does it cover all types of debt, eg, house repo with outstanding balance,banks, etc
2007-03-15 07:08:59 · 6 answers · asked by tom 1 in Business & Finance ➔ Credit
You should talk to a Financial Planner.If you owe on a home
and it's repo,you will still owe on that unless someone legally removes your name from Mortgage.You can Consolidate
and as long as you are paying something to keep your good credit.I have heard you can pay $1,500.00 claim Bank R.
and pay a low minimum.Also, after 7 yrs. some of you debits are waved,void,no longer ruining your credit.I am not sure,
that's true.Talk to an Financial Planner for advice.
2007-03-15 07:26:12 · answer #1 · answered by Anonymous · 0⤊ 0⤋
under the hindrance Act 1980 if there has been no charge or touch then the debt will become null and void. maximum bills are lined via the Act apart from bills in Tax and the interest on the Tax. desire that helps
2016-10-18 11:15:13 · answer #2 · answered by ? 4 · 0⤊ 0⤋
IN some states there is a legal statue of limitations on judgements; it can vary, but usually runs from 10-20 years.
Covers judgements and liens in the public records.
2007-03-15 07:12:24 · answer #3 · answered by wizjp 7 · 0⤊ 0⤋
7 years in this state.
not all types of debt are covered---tax liens, child support, alimony, etc those are excluded.
2007-03-15 07:17:09 · answer #4 · answered by Munya Says: DUH! 7 · 0⤊ 0⤋
7 years if no civil action.
2007-03-15 07:16:39 · answer #5 · answered by plainfieldcletusblue 4 · 0⤊ 0⤋
a debt is a debt /it follows you to the grave and beyond
2007-03-15 07:12:03 · answer #6 · answered by Anonymous · 0⤊ 1⤋