 Will I build credit if I'm on a friends credit card account? |
| I have no credit. My frined offered me to join his credit card account, we will have the same cards basicly, I'll just be able to use his card, I will have a card in my own name, but on his ... |
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 Ebay Question.? |
How do you know if the person you are buying from will accept a credit card?
I don't want to use PayPal, or any other methods, just a credit card.... |
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 I want i higher spending limit on my credit card? |
| i just got my first credit card with a lousy 500 limit, i got that thru my credit uniom, if i got to mastercard, american express or visa, can they just give me like a $10,000 credit card, or do i ... |
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 If I add my girlfriends name as an authorized user does my 7 years of perfect payments attach to her credit? |
| Will her credit report show the same payment history as the account on my report? Thus extending her credit history and raising her score.... |
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 Do you know where your money is going every month? |
| every month our credit card payment is killing ... |
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 Does anyone know of a place where I can get goods on credit with no credit check in the U.K? |
I wish to buy some electrical goods but have a bad credit history.
Is there any where online or elsewhere that allows me to buy on credit but with no credit checks ???
Thank you for ... |
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 Can i get credit without a credit card? |
| Im 18 and dont have a credit card, nor do i plan on getting one since i already have a debit card for buying things online and the idea of spending money i dont have in cash freaks me out lol. So ... |
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 What's the difference between debit card and credit card? |
| I prefer the one which is more convenient to use, no hidden charges, but have more rebates! H... |
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 Why does a cheque take several days to clear? |
Why does it take so long? What happens to it?
If you pay by cash, card or over internet the transaction is complete immediately.... |
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 Does anyone know if a provident loan shows up on your credit report? |
This is in the UK, if you don't know don't answer please
Additional Details
unfortunately i already have one, so not point telling me not to get one.
Also, there is ... |
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 Should my dad sue the guy? |
| So well my dad bought a restaurant in partnership with this guy, my dad was the 30 % share holder and the other was 70% in 1996, around 2004 the restaurant started making less money, bills were not ... |
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| How do I get delinquent bill off my credit report? |
| I payed a delinquent phone bill four years ago. This is still making problems for my credit score. Can I write to the credit companies and ask them to remove it? Thanks!... |
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 I need help........? |
| I was just served papers from a collection beru. I have to pay 3,500. I just dont have that kind of money. If I call them and make payment arrangements will they except them, or will they just take ... |
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 Credit card payoffs - highest interest rate or lowest balance first? |
| I have 4 credit cards and a loan that I owe $20K. I recently read that I should pay off the lowest balance first, but my husband thinks I should pay off the highest rate first. Any suggestions?... |
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 Why would my credit card APR balloon to 19.99%? I haven't missed payments and I have relatively good credit. |
| I have a fairly high balance--$16,000 due to graduate school expenses, but I always pay on time and try to pay more than the minimum payment. I make around $45,000 a year. I don't understand why ... |
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 I have really bad credit- not credit card related. Does credit counseling work or what can I do to fix it? |
| I am having trouble renting an apartment, I am going to need to buy a car and I would like to eventually own a house.... |
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 Will Social Security let you change your social security card.? |
| Someone stole my indenty and therefore I have to change my social security, but I think social security has told me they don't like to do that. I wonder what you think I have been a victim of ... |
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 My brother stole my credit card and went shopping online? |
| he took the card one night and i get this huge bill. i hate him right now. he wont pay for anything. now he left the other night back to new york. am i going to pay for his mistake? or do the credit ... |
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razonje | Do Collections/Charge-Offs really just simply fall off a credit report in 7 years? |
I have done a lot of internet browsing and reading on the subject and it seems that half say yes, and half say no. I am looking for an official answer on the topic. I have a few debts from my early 20's I didnt pay that are coming up on 7 years and would like to know whether or not they will just dissappear.
Additional Details
If I am applying for a mortgage, will I have to pay these old debts off? |
 |
 
SPIFIMAN1
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Per the Fair Credit Reporting Act derogatory accounts show for 7-years from the date of first delinquency which works out to 7-years and 180-days.
Any account that shows for longer then this can be disputed and will be removed. |
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Sharon F
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OMG....some of these answers
it will come off your credit report from the 7 yr mark of the last date of activity
**Spifiman is absolutely correct** |
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carmen v
 |
Spifiman knows his subject matter. The Problems MAY just disappear, but my experience is that it often takes vigilance and action on your part. It is good to check one free credit report every 4 months to find errors and fraud. They are not uncommon and have cost me thousands trying to repair.
The "last Activity" is important to note also. When I tried to buy a house, I found an $8.50 I did not owe, but they claimed they had been continuously contacting me at 12 year old abandon address. I did not get the mortgage even with letter of explanation to lender and in credit report. I HAD paid and I HAD returned item with no refund, but let it go. I thought I was being tolerant, generous, expedient . . . and it cost me a home.
I have been told, hard to believe, but should be made known if Truth: The Creditor's act of reporting the credit is "Activity" on the account. Don't take my word, but find out because they have all the fine print and loopholes. Also, GOOD credit vanishes in 7 years or less. They don't feel like reporting it. It cannot be retrieved and I wasted a bunch on that too. |
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bryan l
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These will fall off as most others have said in this form. I sure hope you did not look at the first couple of answers and took there shi'ty advise. |
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ms.toni67
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Yes after 7 years it should be off of your credit report.
There is a thing call (I think it's called ) "full factual" report that will show every trade line that you had no matter how long ago. Banks and such would only use this if you are looking for a very large loan. |
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Paul A
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They will drop off 7 years and 180 days after they became delinquent. You should pay all your bills on time and do not apply for any new credit. Keep checking your credit report. Once they are off the credit reports then apply for mortgage. |
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JCA
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Yes sir, old debts do come crawling to your door step! Been there done that.
Go to Link #1 below for legal credit limit fodder.
Go to Link #2 for specific limitations.
Good luck. Best thing is pay your debt and be done with it. |
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RT(R)
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no they wont. unless the agency stops reporting the collection to the credit bureaus |
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Danny
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They will actually be on your credit record forever, but lenders will not consider them when considering your credit worthiness after that period of time. |
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