2007-12-15 09:50:56 · 17 answers · asked by Anonymous in Business & Finance ➔ Credit
Delinquent accounts show for 7-years from the date of first delinquency which works out to 7-years and 180-days.
2007-12-15 09:55:27 · answer #1 · answered by ? 7 · 4⤊ 0⤋
There could be lots of reasons. First of all different states have different guidelines for how long something can be on your credit. Also, a bankruptcy (you used the word discharged so I was not sure if that is what you meant) stays on for the legal time it can, as a bankruptcy. It is also possible the credit bureau or the original creditor made a mistake. You can dispute it with the creditor and/or collection agency AND with the credit reporting bureau's. Equifax, Transunion and Experien all have dispute processes however just because they remove it does not mean the collection agnecy cannot keep trying to collect on it.
You can go online and find the collection laws regarding your state and see if it really should be clear.
Also know that if you settled or paid a bill to the collection agency they will not remove it but simply report it is paid inf ull or settled in full which still brings down your score.
My advice is to send a registered letter to the collection agency and ask for records of the debt etc (if it is showing as unpaid). If they cannot provide these, they must delete it from your credit.
2007-12-15 09:56:44 · answer #2 · answered by Feivel 7 · 0⤊ 0⤋
Negatives remain on your credit report for 7 years and 180 days from the date of delinquency. If the item is more than 7 years old, dispute it with the credit bureau as being beyond the reporting period.
Bankruptcy and other public record items stay on your report for 10 years.
2007-12-15 09:59:13 · answer #3 · answered by bdancer222 7 · 0⤊ 0⤋
It takes 7 years for these agencies to remove any credit from your report. A common trick some of these agancies will do,is right before it is to be removed,they will sell the account to another agency and that agency can keep it on your credit report for another 7 yrs
2007-12-15 09:54:13 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Stays on the credit record for 7 years.
2007-12-15 09:53:47 · answer #5 · answered by Dave W 2 · 1⤊ 0⤋
Just because something is discharged, doesn't mean it clears off your credit report. If I were you, I would pay the debt. If the debt has been paid in full, than you need to write the credit bureaus. All of them.
2007-12-15 09:53:25 · answer #6 · answered by kevin h 5 · 0⤊ 0⤋
The statute of limitations is 7 years according to the FCRA. Do a search on fair credit reporting act to get a greater understanding in detail.
2007-12-15 09:58:17 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Both it, and the discharge from it, will appear until 7 years have passed. Bankruptcy will show up for 14 years.
2007-12-15 09:55:21 · answer #8 · answered by oklatom 7 · 0⤊ 0⤋
They stay for 7 years. So you have 3 years to go.
2007-12-15 10:12:55 · answer #9 · answered by Steveo 5 · 0⤊ 0⤋
i think it has to be 7 years before any bad credit gets erased from your credit history
2007-12-15 09:54:08 · answer #10 · answered by HOMITA DEL VALLE 2 · 0⤊ 0⤋