should I close my credit card, once I paid it off, say I pay off my no annual fee credit card should I close it out or leave it active and just not use it? I heard that if you close a credit card ...
hi, im a ebay seller and recieve my payment via paypal. does the payment go automatically to my bank account? coz I just check my online bank statement, and it did not show any pay-in. I've ...
i hear how ppl with bad credit still get approved for all these credit cards. How and which cards are they??? what cards have high limits also for bad credit without paying for a secured card or and ...
My wife need a loan for a new house. But her credit score is bad. She makes more money then I . However I have a good credit score. Could I Co- Signer for her ?...
I'm 23, and I have about 30k in credit card debt. Is going bankrupt an okay thing for me to do you think? I'm young, so I'm not sure. I have plenty of time to rebuild my credit fresh ...
When customers use a credit card to make a purchase the the store owners charge a higher price for the purchase. I do believe that it is illegal and I want to know what to do. Also they make you ...
i had posted a question yesterday about getting a loan for a banshee for a b-day present but i came up with some money now i need a loan for $700 and i dont want to go to a payday company it cost ...
Long story short I do work but work has been really slow for me and I have 2 kids to support and have been using credit cards to supplement my lost income. I just got a credit card about 2 months ago ...
Kate G
How long do defaults remain on your credit record?
Even more amazing...I've posted this same answer dozens of times!
OK, once again...
According to the Fair Credit Act Section 605, any adverse credit item on your report must be deleted after 7 years, beginning form the date of the delinquency.
This law applies to ALL credit reporting agences, not some.
Paying off the debt has nothing to do with getting it removed.
The ONLY item that stays on for 10 years are Bankruptcies. So the answers about up to 10 years for some items is basically wrong too.
Do your research people! You do more harm then good when you are trying to help!
lelly
Six Years. I joined credit expert online and can check how my credit rating is going..
Health Freak
up to 6 years, even if you clear the balance in that time, it is the balance at the time that they default you on as well.
parrothead2371
Up to 7 years depending on the credit agency
kj
at least 5 yr but it'll show if you've cleared the default balance
babybitch69
Its currently 6 years but I think some are able to hold it for upto 10years.
terrinshez
At least 6 Years, some are up to 10 Years
KrissyD
Normally 7 years, but some can remain 10 years.
Andy S
For six years after the account which you have defaulted on has been fully cleared. Although if you clear the defaults it will show on your credit record that you have done so.
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