I am curious. What has happened to a 4 year unpaid credit card bills of Emma? She stoped paying four years ago. She has no job. Her family is the one supporting her basic needs. The bills stoped being paid in year 2003 until 2004. She has moved to so many different places since then and doesn't know what ever happened to the debt or if she got any letters in the mail. Thanks. Just corious for a worried friend. Should she be affraid that something will happen to her coz of this?
2007-08-16 10:27:09 · 5 answers · asked by Anonymous in Business & Finance ➔ Credit
The statute of limitations has ended so they cannot file suit, but they are on her credit report and will remain for seven years from the last transaction. Bill collectors can buy them and ask for payment but she does not have to give it to them and if she does the clock starts ticking again from that date.
2007-08-16 11:06:27 · answer #1 · answered by Pengy 7 · 0⤊ 0⤋
Just because she moved doesn't mean her debts are not still out there.She needs to pull her credit reports from all three companies she will find her debts there.Also depending on what state she lives in like here in California the statue for suing is over.
2007-08-16 10:44:17 · answer #2 · answered by Crazy cat lady >^ ^< 4 · 0⤊ 0⤋
Tell her to lcheck her credit. N matter how many times you move but your social remain the same and your debt remain on your credit. That is what I think
2007-08-16 10:40:53 · answer #3 · answered by 1***2 1 · 0⤊ 0⤋
You touch no person. The deal will possibly no longer have been obtainable even then. most of the "bargains" are easily in simple terms tricks to get you to touch somebody. whether the deal does exist, and you're taking the deal, it won't wipe the debt off your credit record. as quickly as a invoice is on your credit record, it keeps to be there for 7 to 7 a million/2 years, whether or no longer you pay it. And it gets wiped off your credit record after 7 to 7 a million/2 years in case you do no longer pay something and you do no longer touch every person. Paying something, or contacting somebody, won't get it off your credit faster, and could make it take longer. 4 years is comparable to or previous the statute of barriers in maximum states. you probable do no longer could desire to pay something, and that they probable can no longer make you pay, until you touch them. in case you touch them to aim to take the deal, then you certainly've have been given to pay a hundred% of the completed debt, plus expenses and activity. in case you do no longer something, then you certainly will possibly no longer could desire to pay something.
2016-10-10 09:16:40 · answer #4 · answered by ? 4 · 0⤊ 0⤋
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2007-08-17 01:14:55 · answer #5 · answered by Anonymous · 0⤊ 0⤋