If I don't pay my bill will it still come off of my credit report after 7 years (Next year)?

Question

I have a 6 year old bill that right now is $1700. I don't see myself paying it off in the next year. So if I don't pay it will it still come off my credit report next year?

Ok I am not a deadbeat, I have paid over $5000 to it and the bill was an old hopspital bill.

Answer 1

Then reporting period for medical debts starts on the date of service with the medical provider.

The reporting period is 7 years from that date
The reporting period cannot legally be re-aged

It does not matter if you pay, it does not matter if you do not pay, it does not matter if you make a payment on the very day it is supposed to be removed from your reports, it does not matter if you make a payment after the 7 years has passed and it is already off of your report, it does not matter if it is sold from collection agency to collection agency --- it cannot legally be re-aged to report for longer than the original 7 years.

Answer 2

According to the The Fair Credit Reporting Act : if the debt is over 7 years old and the last payment on the debt is over 7 years old then the creditor should no longer report it.

It is, however, your responsibility to make sure that they abide by these rules. Sometimes they do sneaky things like sell your account to another collection agency and this new company keeps the bad record going for 7 more years.

So :
step 1- request a copy of your credit report from all 3 major credit bureaus. Everyone is entitled to 1 free credit report per year from each credit bureau. www.annualcreditreport.com. or call 877-322-8228, or contact them separately,

Equifax
P.O. Box 740256
Atlanta, GA 30374
(800)-685-1111
Web site: www.equifax.com
• Experian
PO Box 2002
Allen, TX 75013
[phone]
Web site: www.experian.com
• TransUnion LLC
P.O. Box 2000
Chester, PA 19022
[phone]
Web site: www.transunion.com


Step 2 - Make sure all the information on that report is accurate, i.e. belongs to you, or is not outdated ( old debts that should be off because it has been over 7 years).

Step 3- dispute any information that is incorrect outdated following the major credit bureau standards. Once you receive your credit report they will have numbers that you can call to dispute.

If your accounts have been sold to thirds parties then you will have to include that in your argument.
the right thing to do would be to pay off all off your debt or at least make small payments but please note if you make ANY payments to an old bebt the 7 year cycle starts all over again and then it will haunt you for the next 7 years.


Good Luck

Answer 3

Please don't listen to the people who said it will never come off of your report. The Fair Credit Reporting Act(FCRA) has specific guidlines as to how long a debt can be reported. Per the FCRA the listing will come off of your credit report 7 years from the date of the last delinquency. So if you have not paid anything on it in 6 years it will come off after the 7 years has passed next year. However, if you made ANY payment during this time, the 7 years started over from the date you went delinquent again.

As a side note, it does not make the debt go away, it has just passed the time where the creditor can place the item on your credit reports.

Answer 4

at the start, you ought to stick to up on that scientific invoice which you do no longer bear in techniques. There could desire to be an errors, or somebody could desire to be attempting to thieve your id. If the different scientific invoice and the Verizon invoice are late expenditures, make specific and pay them as quickly as you are able to. If the Verizon isn't a late invoice, then it may manifest because you have an open line of credit with them. it relatively is sweet. do no longer cancel it. in case you have any credit taking part in cards, do no longer cancel them. notwithstanding in case you do no longer want to apply them, do no longer cancel them, till a private loan officer tells you to. That pronounced, do no longer open up any new lines of credit till a private loan officer tells you to. It varies how long it may take so you might get your credit up. confirm you extra often than not pay your expenditures on-time. in case you have credit taking part in cards, attempt to pay the soundness off. in case you are able to no longer pay extra beneficial than the minimum each and each month.

Answer 5

The rule is 7 years from the time of the event. So, if you are still not paying, it will show up as unpaid TODAY which means if you paid it off tomorrow, you will still have it on your report until 7 years from NOW.

If you never pay, it will continue to update monthly (based on billing cycle) on your report as unpaid and will ALWAYS be there!

You HAVE TO PAY! When you make your last payment, the bad stuff will stay on your report for 7 years from that time.

Answer 6

Start making payments on it. It will not go away.....how did it get 6 years old?? For crying out loud, pay your bills like the rest of the world has to! It really bugs me when I have to pay higher prices because people just refuse to pay so those of us that DO pay our bills gets rooked because of deadbeats.

Answer 7

Depends on the circumstances. Could stay for another 4 in some cases.

Answer 8

Nope. More than likely, it'll be sold to a collection agency so the 7 years starts anew.

Bills don't go away if you don't pay them.

Answer 9

yes it could come off next year, but they can just sale it to someone else and it will be right back on your credit report.. so u should pay it off

Answer 10

in most cases it should but if the debter wants they can up date every month as Long as they want unless you file chapter 13 then it will come off in 7 ys