how long until accounts drop off your credit report if you dont pay?

Question

I am just wondering how long accounts stay on your credit? my credit score is a 401 from the past, i am keeping clean now, but cant afford bankruptsy or to pay them off

Answer 1

Spiffman, I hope your reading this because I'm getting tired of following you, cleaning up your bad answers.

OK everyone, once again let's open our books to the Fair Credit Reporting Act. Negative items stay on your report for 7 years, beginning on the date of the delinquency. NOT the last transaction date.

Answer 2

First off, to answer your latest update, NO that section of the FDCPA does not apply. Second, your lawyer needs to read up on the law. In most states a recorded message is illegal unless you specifically inform the person you are calling that the conversation is being recorded. Ever hear those people who call for fund raising that the conversation may be recorded for training purposes, that's there excuse to cover their a$$. As to the pay for deletion you should have obtained a "pay for deletion" agreement' A good written legal agreement should meet the following: (1) sets forth all material terms and conditions (2) is signed by both parties (3) is dated. Without a PFD agreement that is valid, the debt will drop from your credit report in 7 1/2 years (this reporting period runs 7 1/2 yrs from the date of last delinquent payment.(Running of Reporting Period - Section 605 [15 U.S.C. § 1681c] If you did obtain a proper written contract showing the creditor agreed to a Pay for Deletion, then send copies to each of the CRA's and dispute the entry.

Answer 3

7 years

Answer 4

7 years

Answer 5

7 years unless they have a judgment and they filed an abstract. Depending on what state your in and what they filed...10 years most likely.

If they dont have a judgment, its been 7 years and its still there. Contact Transunion or Equifax and file a dispute. They will forward the dispute to the creditor, the creditor will check records and realize than they wont respond to the dispute and it will be dropped off.

Answer 6

Collection accounts stay on your report for 7 years, as well as late payments on revolving and installment account. The creditor can still sue you for an item that has fallen off your report if the statute of limitations for your state is longer than 7 years. Please see the link below for each state's statute of limitations link. On other tabs on the site, there are helpful tips and sample letters to send to creditors. Good luck!

Answer 7

As long as the accts are unpaid, they do not fall off. Most people think that if you dont pay the bill it goes away either in 7 or 10 years but that is false!! I used to work for TransUnion so I know for a fact it has to be paid off!

Answer 8

7-years from the date of last activity.