bad debt is cleared off 7yrs from reported since, date of status,last reported or date opened. Please clarify.

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2007-09-21 05:36:12 · 4 answers · asked by 7heaven 1 in Business & Finance ➔ Credit

It's 7-years from the date of first delinquency. So it really is more like 7 1/2 years.

2007-09-21 05:41:09 · answer #1 · answered by ? 7 · 0⤊ 0⤋

Negatvies fall off 7 years and 180 days from the date of delinquency. Paying on a negative does not re-start the 7 year reporting period.

2007-09-21 12:41:50 · answer #2 · answered by bdancer222 7 · 0⤊ 0⤋

supposed to be my date of last payment, but depending
on what the bad debt is, some credit can be removed
in four years.

www.creditinfocenter.com

2007-09-21 12:43:53 · answer #3 · answered by Anonymous · 0⤊ 0⤋

7 years from first non payment

2007-09-21 13:09:39 · answer #4 · answered by Crazy cat lady >^ ^< 4 · 0⤊ 0⤋