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8 answers

Derogatory accounts show on your credit for 7-years from the date of first delinquency.

There is no law that say's they have to stop trying to collect but, once the statute of limitations runs out there really is nothing anyone can do legally, they can still sue you but all you have to do is show up in court and show that the S.O.L. has expired and the case will be dismissed.

2007-09-05 07:24:58 · answer #1 · answered by ? 7 · 2 0

After 7 years

2007-09-05 14:23:44 · answer #2 · answered by emtandfire 2 · 0 1

LOL Studly, you are a pistol! However, he is absolutely correct and I don't know where the_only_solorose gets her information. She states "been there done that", will if she would have done her homework she could have avoided where ever and what ever and probably saved herself aggravation.

Just to add to Studly's comments, the collections account will eventually drop off from the first date of continued delingquency before it was sold to collections by the original creditor. However, if you are sued and a judgement transpires from this, the judgement will not drop off until 10 years from date that the judgement is paid.

2007-09-05 17:40:53 · answer #3 · answered by Anonymous · 1 0

After 7 to 10 years which is the timeframe for collections items to stay on a credit report. If you pay it, you can request that the credit report be revised as such and then it will be a more positive item showing up on your credit.

2007-09-05 14:23:40 · answer #4 · answered by Goddess 5 · 0 1

actually, after ten years, you can write and request it be removed, but they don't necessarily have to if you haven't payed it, it is a legal debt for life, unless you declare bankruptcy. Statute of limitations notwithstanding, the credit reporting agencies can keep that debt on your record for as long as they want to unless it is either paid, or cleared in a bankruptcy.

2007-09-05 14:25:58 · answer #5 · answered by essentiallysolo 7 · 0 2

the_only_solorose is totally incorrect....

Just once I would love to see everyone answer this question right....it's only been asked dozens of times and we always get people who insist on showing their ignorance!

If you won't do your research before answering expect me to poke fun at you!!!!

2007-09-05 15:39:31 · answer #6 · answered by Anonymous · 4 0

If you have unpaid bills you need to do what is right. Get a second job and pay them off. Anything less is stealing.

2007-09-05 14:24:25 · answer #7 · answered by MrNeutral 6 · 0 5

NO IT WILL PROBALY KEEP GETTING HIGHER.

2007-09-05 18:23:49 · answer #8 · answered by donielle 7 · 0 2

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