 Will i be able to make complete a transaction that exceeds my Credit Card limit? |
| i got a credit card with a limit of $500. its new so i havent used it yet. i can pay off the bills and wat not but i wanna know if i pay a ps3, an extra controller and rainbow six vegas, will i be ... |
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 What should you do when your parents taken out credit cards in your name and been using it? Also been late? |
| I love my mother very much but when i rcvd a call from collecters stating i have 5 credit cards in my name, i was very upset with her. I dont want to charge her with fraud but i need these neg- ... |
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 Collection Agency Question? |
I've heard conflicting information so I'm looking for some definitive answers. With regard to collection agencies:
1. Can they actually sue you and/or even collect the debt in ... |
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 Having "TOO" much Credit? |
Ok.
So I was told at the tcar lot today that I have too much credit and can't get a car.
I pay every single bill on time and have mulitple credit cards that i pay on time.
... |
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 Is this a scam? |
| Someone sent my wife a $3500 check from south africa with a letter stating I won a $900,000 drawing. They said the 3500 is to cover the taxes. They want me to cash the check and they will make ... |
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 I need car finance but have no proof of income and bad credit history is there any lenders? |
| i was discharged from bankrupacy 3 years ago and most of my work is cash so proof of income is difficult to ... |
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 If I pay my credit card off completely every month, then how does a credit card company make money off of me? |
| i've paid my credit card every month completely since i've had it. i have excellent credit. My credit card is American Express. If they know I pay it off every month then why do they keep ... |
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 Should teens have credit cards??? |
Only answer in
yes
no way
not sure
yes, but one that i can ... |
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 Credit Repair help! I have paid every bill owed on my credit report, meaning I am debt free, READ ON? |
however even though all my debts are paid
(what a great feeling)
my credit report is a mess because these lousy creditors have not updated my report. So in reveiwing my report I am so over ... |
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 What chances do I have of getting an auto loan with a 495 credit score? |
| im looking for a used car between $6000 and $9000. Will I be approved and what will my down payment need to be?... |
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 When you apply for a credit card online...? |
| ... after you submit the application and the screen says "your application has been approved"... would it still be possible for the card issuer to review your application again and ... |
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 I have a collection that is wrong but do I fight it or just pay it off? |
| I recently checked my credit report and found a collection on my account for a utility bill from 2004. The amount is not very large but I know it must be wrong because I never lived in that city ... |
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 When should I get a mortgage? |
| My lease is up on May 1st. I only have a small downpayment and my husband and I both have poor credit scores (mid 500s). Together our income is over 55000, but since we are young, we haven't had ... |
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 I have horrible credit and can't get a credit card? |
| I would like to get a credit card for emergencies like gas, prescriptions etc. My credit is terrible from being stupid when i was younger. I can't fix my credit right now because i don't ... |
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 Is there a way to know my VISA card number? |
| I put my Visa card in the bank's locker but i forgot the number, is there a way to remember what it is without getting the card?... |
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 How many people are in debt out there? |
| i dont mean mortgages or car loans.. but credit cards and other bills... I am 10,000 in debt.. just wondering if im the only one.. you dont have to say how much.. i just wanted ... |
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 Why don't I have perfect credit? |
I've never EVER been late on a payment, I've had and paid off several trade lines (and early too), so why is my credit score not an 800 or above? I just don't get it!
Additional D... |
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mystiminx | How long does a bad credit entry stay on file if it is not paid? |
Additional Details
i won't just pay it because of the principal that i do not owe it but can not get them to remove it from my file after months of arguing about it time and again.
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 |
 
Studly
 |
stillnocouch needs to do his research.
Read Creditease's reply, it explains exactly what the law is. Note that the 7 year period begins on the date that you became delinquent on the debt, NOT on the reporting date, charge off date, or any other date they try to place on it.
What you need to do is dispute this report, especially if you know (and can prove) that the debt is not owed by you.
First, you need to send out some certified letters. Send each of the credit reporting agencies a letter to protest the entry. They will have 30 days to verify the debt and report back to you.
Also send the Creditor a "demand to validate" letter (see the link below). This letter demands that the creditor must supply you with copies of contracts, bills, receipts, and everything that was used to show you have a legal obligation to pay this bill. If they do not send you this information within 30 days, they can not legally post anything to your credit report.
If they do not validate your debt, send another letter to the credit reporting agency demanding that they remove the entry due to "lack of validation".
If it's still reported, you have an excellent small claims lawsuit against them. It's easy to file and doesn't cost that much.
If you need help or assistance email me. I'm not a lawyer or credit counsoler, just someone who has been down this road before. |
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Ms617
 |
I think it's 7 yrs, but I'm not 100% sure. |
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Bombay
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I think, it won't go away until you die. Reason My friend Has same problem more than ten years & still it is on his record. |
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Dolly
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It will stay on there as long as it is not paid and then another 10 years for it to be completely dissolved off your record. Get a copy of your credit report and then contest this, you can always put a note on the credit report but it will stay there, bring your credit score down. If you don't owe them, and you can prove it, did you know that you can sue for a ton of bucks for runing your credit report???? You Bet you can. Courts take this very seriously! |
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bburdet2000
 |
According to the FCRA:a) Information excluded from consumer reports. Except as authorized under subsection (b) of this section, no consumer reporting agency may make any consumer report containing any of the following items of information:
(1) Cases under title 11 [United States Code] or under the Bankruptcy Act that, from the date of entry of the order for relief or the date of adjudication, as the case may be, antedate the report by more than 10 years.
(2) Civil suits, civil judgments, and records of arrest that from date of entry, antedate the report by more than seven years or until the governing statute of limitations has expired, whichever is the longer period.
(3) Paid tax liens which, from date of payment, antedate the report by more than seven years.
(4) Accounts placed for collection or charged to profit and loss which antedate the report by more than seven years.(1)
(5) Any other adverse item of information, other than records of convictions of crimes which antedates the report by more than seven years. |
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mamasita
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7-10 years, but if you have your credit opened for ANY reason, even for your own curiosity, it could create activity on those unpaid accounts...then the 7 years starts all over. PAY THEM AND BE DONE WITH IT! Good luck! |
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StillNoCouch
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Depends upon the amount and type of the entry. Small revolving accounts (i.e. $1,000) or less are 7-years. Over $1,000 is 10.
Bankruptcy, Foreclosures, Reposessions, Settlements, etc. stay 10 years. 2nd Bankruptcies can stay longer.
Judgements for Civil penalities (i.e. Fines, back child support) and taxes are permanent until paid and the court specifically removes the entries. |
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sk8r chick
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like a long time. |
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sway_ii
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Why not just pay it and you dont have to worry about it? |
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skye
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It can stay up to seven years, but you need to file a dispute with Experian, Equifax or Transunion. You might go to freeannualcreditreport.com and it will let you get a copy and also file a dispute. |
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