 Is it possible to buy a home with really BAD credit? |
| My husband and I have really bad credit. We both were in previous marriages and that is were it all started. He has a foreclosure on his credit report because his ex decided she wanted to keep the ... |
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 Can debt collection agencies impose deadlines on repayment? |
Hi,
I've just been contacted by a trace and collection agency, who reckon I owe an electricity bill from 5 years ago! Madness!
Anyway, do they have a legal right to impose ... |
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 Are debt collectors allowed to call your work? |
| I tell them go away I'm at work and youre keeping me from making money, but they think they can keep calling me at my office.... |
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 How bad is it on my part if i continue to pay my mortgage late? |
| I have up to 15 days every month to pay, but i sometimes pay after . I don't mind paying the late fees, it's not an issue. How about credit wise (there is nothing that i can do right now to ... |
|
 What is the worst case senario if my car payment is late? |
say 2 weeks late?
Additional Details
im kind of embarrased to call and tell them it will be that late. i ran into a difficulty this month and something more urgent came up. i was trying ... |
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 Can a cell phone or cable bill late payment affect your credit? |
hello,
I have a ton a bills and i forgot to pay my cell phone and cable bill on time. They were only 5-10 days late. i know when you are late with a credit card the day after it, its on your ... |
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 How can colletion agencies buy out you debt and keep it on your credit report? |
| Why is this possible. It's like it will never go away. A 10 year old debt came back from the dead recently. It is crazy. 10 years ago. I'd like to move on with my life now and just when you ... |
|
 How do you spell budget? |
| like i'm on a tight ... |
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 I have a quick question about a credit card? |
| ok, lets say you have a credit card with 500 dollars on it, then you spend 100 dollars, you pay back the whole 100 dollars to the credit card company....so do you have the 100 dollars back in your ... |
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 Just filed bankruptcy, when will my credit be better? |
| hello, I just filed for bankruptcy oct 25th, i haven't received my discharge yet , but will be very soon. I was wondering, how long will it take before my credit gets good enough to maybe get a ... |
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 Credit card question... Please read. I'm confused? |
My credit line is 200.. So my bill will be about $20-30. But Interest is 24 %... So will I have to pay Alot more?
It's my first credit card
Also, If I pay in full- Will I ... |
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 Is it possible to go from a near perfect credit score to ZERO in one months time? Cause it happened to us.? |
| My boyfriend has established excellent credit from a young age, he currently has no credit cards. We've been house hunting for YEARS and we are finally close to closing on one, been working with ... |
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 Im only 21 and have bad credit can i get a loan? |
| i have been trying to get a loan for about 7000 but it seems impossable is it?? i messed up bad got into debt to fast is there any place that offers loans with a 498 score or should i give up looking?... |
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| Finance/credit question? |
| I needed a co-signer when I bought my car because my credit wasn’t strong enough. After I bought the car I got laid off and got into debt. My score was like a 580. I just paid off 2 credit cards ... |
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 Would it be a good idea to take out a personal loan to pay off high interest credit card debt? |
| I think Im getting charged about 8.99% intrest on my credit card. What kind of interest would their be for a personal loan? Would that be worth it?... |
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 I dont really get the whole concept of a credit card. |
| how does the whole credit card thing work, how do you use it?... |
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The Voice of Reason Is Silenced | Do negative records really "disappear" from your credit report in 7 years? |
I recently viewed my credit report, and a lot of negative/delinquent accounts and records are not on it. So is true what they say about negative items being deleted from one's report after 7 years? |
 |
 
Cathy K
 |
Yes they do. Make sure you keep the copy of your report that shows that it is not on there. Sometimes your delinquent accounts can get sold to another credit agency and they might try to put it back on your report. If that happens then you can write to the 3 bureaus and have it deleted. |
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Dr. Shakar
|
It is illegal for credit reporting agencies to keep reporting most types of negative information for over 7 years (bankruptcy is allowed to be reported for up to 10 years) per FCR Act § 605(c). So, the negative information MUST be deleted, it is not the credit bureaus' decision and it is not up to their personal standards. If they fail to remove such information you can take them to court and seek damage in amount of $1000 per each account that they failed to remove. |
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cstmdsm
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Yes, 7 years and they are gone but most companies only look at your history for the past 6 months to a year. |
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hastingsgames
|
yes |
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hilary duff
|
yes, except for bankruptcy which stays on your credit report for 10 years |
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mss
|
Yes, most are cleared with 7 years. Some do take as long as 10, but most are 7. |
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Pinky
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Yes it is, if it's like being evicted out of your apartment or not paying money on time or not returning rented movies on time that goes away but if it's something serious and criminal it's permanent. |
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DawnChey
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I know that if you have filed Bankruptcy, you have to request that it be removed from your credit report. |
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J'adore
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Nope not always. Depends on the company and their policy. If that were true I'd have perfect credit. by now.
I jacked it up when I was 18, starting repairing when I was 24, and it's still awful, all that stuff is still on there. I'm now 25... there's stuff on my mom's credit report from like 20 years ago... but give me thumbs down and believe what you want.
don't whine when you think your credit should be good and you can't seem to get a loan. |
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foxy123magenta
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Nope, not anymore!.. In the past years just file bankruptcy.. all your debts disappeared. Now , you have to go face the court, and you will pay what you owe, and then they will garnish it from your salary, or worse take from whatever property you have. Maybe you are one of those who made it to the "cutting period". |
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GG
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this is true but a lot of creditors get slick and on the sixth year and eleventh month they transfer your debt to a brand new collection agency and your 7 years start all over again. But yes if they dont do this, yes they do fall off in 7 years. |
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