2007-04-24 04:58:32 · 7 answers · asked by Anonymous in Business & Finance ➔ Credit
The link below discusses the SOL and gives info on each state's time.
2007-04-24 06:19:12 · answer #1 · answered by Anonymous · 0⤊ 0⤋
It depends on the type of debt.
~Collections stay on your report for 7 years from the date of delinquency. (this is a misnomer for many people. they just think it's 7 years, but according to most contracts, you have to be 180 days late for the account to go to collections so it's actually 7 1/2 years).
~Charge-offs are the same as above. They are just called two different things.
~Judgments can stay on for a long time...depending on who you owe. For example, if you owe any governmnet entity (tax lien, child support, etc.) that statute of limitations states that the item will not be removed from your credit report until 7 years after the debt is satisfied. Yikes!
2007-04-24 16:34:48 · answer #2 · answered by YSIC 7 · 0⤊ 0⤋
depends-it can range from 5-20 years. the only exception i think are unpaid debts due to death, in which case an unpaid debt has to be presented to the estate within a certain amount of time after the death announcement or public notice of the estate.
2007-04-24 12:01:26 · answer #3 · answered by jerseydevil67 3 · 0⤊ 0⤋
depends on your state and the nature of the debt - but in general it hovers around 6-8 years.
2007-04-24 12:02:37 · answer #4 · answered by wigginsray 7 · 0⤊ 0⤋
well it goes on your credit report for 7 years but as for collections it depends on your state but most are 7 to 10 years
2007-04-24 12:02:07 · answer #5 · answered by trinket503 2 · 0⤊ 0⤋
It varies state to state go to www.adviceontime.com and read the article on credit. This will help you out.
2007-04-24 14:42:10 · answer #6 · answered by MI6 2 · 0⤊ 0⤋
You asked the right person ,I have bad credit , I changed a name (formally) and no more this problem
2007-04-24 12:18:12 · answer #7 · answered by arling c 1 · 0⤊ 1⤋