2007-12-29 14:42:08 · 9 answers · asked by hj80 1 in Business & Finance ➔ Credit
Negatives will fall off your credit report 7 years and 180 days from the date of DELINQUENCY (not last activity). This does not mean that collectors have to stop trying to collect the debt. They just can't report it any longer.
2007-12-29 16:18:39 · answer #1 · answered by bdancer222 7 · 0⤊ 0⤋
Yes they should fall off approximately 7years for the last date of activity. If you decide you want to pay them off make sure you get a pay for deletion letter. This is a letter you can send to the credit agencies and have them remove the debt. Other than that patience is a virtue
2007-12-29 16:33:55 · answer #2 · answered by Anonymous · 0⤊ 0⤋
If they have been paid off, or if there is anything incorrect about the reporting, you can contact the credit bureau to dispute it. If they're legit, then the best thing is to pay them off; sometimes companies will settle for a smaller amount if you are paying it off.
2007-12-29 14:49:04 · answer #3 · answered by Anonymous · 0⤊ 0⤋
ok they typically fall of after 7 year, now if you are in a positon to work with a collector/creditor and settle a balance, demand them to remove that charge off. when accepting a settlement sDear Creditor,
Re: account no.
This is to confirm the settlement offer agreed upon by me and your customer service representative
I really appreciate that your company is willing to work with me in settling this debt.
The amount we agreed to settle this debt in full is $_____. However, any references to late payment or charge offs on this account MUST be removed from my credit file.
If the above terms are acceptable to your company, please sign the attached letter of agreement and return the copy to me. Only upon the receipt of the ?signed agreement?, I will send you a money order in the amount stated above.
Yours truly,
Your Signature
Your Name
Encl:
end the following letter, certified.
2007-12-30 10:59:05 · answer #4 · answered by Anonymous · 0⤊ 0⤋
I'm sure you already know bad credit falls of after 7 years. So what is the real question here?
2007-12-29 17:35:24 · answer #5 · answered by Anonymous · 1⤊ 1⤋
If they are legit ---- they remain for 7 years from the date of last activity. (Remember it is NOT from the date the account was opened!)
2007-12-29 14:49:24 · answer #6 · answered by Joe 3 · 2⤊ 1⤋
on your report it should say how long it is scheuled to be there. It is usually 7 years.
2007-12-29 14:48:12 · answer #7 · answered by Melissa F 3 · 1⤊ 0⤋
The quickest and easiest way is to pay them off.
2007-12-29 14:44:42 · answer #8 · answered by Dancing in Misery 4 · 0⤊ 2⤋
yes see unibomber
2007-12-29 14:45:41 · answer #9 · answered by earlyearl389 3 · 0⤊ 2⤋