I had a great credit score until there was a mix up with a cable service that I cancelled but still billed for. I now have (2) derogatory items on my report. I am in the process of disputing this issue with the billing company and the (3) credit bureaus. I am just curious as to the "worst case" scenario. If the dispute does not go my way and I do indeed need to pay this bill, then the negative marks on my report will stay. How long before they would fall off the report?
2007-08-23 03:35:32 · 11 answers · asked by Anonymous in Business & Finance ➔ Credit
Collections show on your credit for 7-years weather you pay them on not.
2007-08-23 03:39:41 · answer #1 · answered by ? 7 · 1⤊ 0⤋
Negative information will remain on there for 7 years from the date of the item.
Since this is a Cable bill the chances are that it is just the collection account that is on your report. So if your dispute does not go through you may have to pay it. But before you pay it you need to have an agreement from them in writing that they will remove the item from your report once you pay it in full.
2007-08-23 03:46:37 · answer #2 · answered by OC1999 7 · 0⤊ 0⤋
Basically good and bad items are supposed to come off after 7 or more years. But the credit bureau does not monitor this. You definitely don't want the positive information to come off at all, the longer it stays on there the better. But most of the time with negative information, you have to contact the credit bureau and request this information to be deleted due to the 7 year statute of limitation. This goes for bad/negative items and older items. If the items are older and in good standing don't dispute them off. Just take care of the negatives.
2016-05-20 23:14:00 · answer #3 · answered by annie 3 · 0⤊ 0⤋
This question gets asked at lease every 3-4 days.....at least most of the people answered this right for a change.
serendipity, of course, has to ruin a good record! Another responder who doesn't have a clue and won't research their answers first.
Negative items stay on your credit report for 7 years, beginning from the date of the delinquency. They do not restart after you make a payment.
What you can do is negotiate with the collection agency....in exchange for paying this debt make them delete this entry from your credit reports.
2007-08-23 04:18:07 · answer #4 · answered by Anonymous · 0⤊ 1⤋
You are entitled to one free credit report from each of the three major reporting agencies each year. They will show the drop-off date (7-year decay) for all items.
Here's a link to get one of them online (all 3 will basically show the same things):
2007-08-23 03:46:16 · answer #5 · answered by Anonymous · 0⤊ 0⤋
♥ Its good that you are disputing this because it needs to come off your report if its not correct. However if they find that you do need to pay & that it stays on your report then it stays there for a total of 7 years... Good Luck!
2007-08-23 03:41:40 · answer #6 · answered by NCIS ♥ Addict 6 · 0⤊ 0⤋
Probably seven years. Note that recent activity is weighted more that ancient activity, so a problem years age won't affect your score much, even if the information is still on the report.
2007-08-23 03:40:50 · answer #7 · answered by Ted 7 · 0⤊ 0⤋
hey there it is seven (7) years.
however, that is from the date when payyments are started to be made regularily. if your good for a few months and then skip for a few your 7 starts over again
try and consolidate your debts and get rid of as many credit cards and store cards as possible
good luck
2007-08-23 03:45:19 · answer #8 · answered by serendipity 3 · 1⤊ 0⤋
It is 7 years but 10 if its is bankrupcy.
2007-08-23 03:45:03 · answer #9 · answered by shortruby715 1 · 0⤊ 0⤋
7 long years...maybe you can negotiate a deletion if you do get it in writting.
2007-08-23 04:15:43 · answer #10 · answered by Crazy cat lady >^ ^< 4 · 0⤊ 0⤋