 Who has to pay his father debt? |
My friend's dad is in jail since a couple of months. He owns some money in credit cards. Who will have to pay for the debt? Since obviously the father will be unable to pay
Additional D... |
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 What is better a credit or a debit card? |
| mainly using it for online purchases and buying things like clothes, shoes, phones, etc...... |
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 Aside from shopping convenience, what are other advantages of having a credit card today? |
| I intend to avail a credit card for myself. But before plunging in, i would like to know if i really need it. Is credit card a boon or bane?... |
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 How come NO ONE will give me a loan or credit card when my credit rating is 652? Is it THAT bad? |
This is all so confusing.... I get declined wherever I apply for this stuff and nobody can help me and now I have all these inquiries on my report and.... UGH. Shoot me. =/
Why is it everyone ... |
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 Pulled my credit and scores are 609equifax, 642transunion, 672experian. had 2 car loan 1- $28k and 1-$21k..? |
| paid off the $28k loan early last week (sold car) so now I only have 1 car loan at $21k. Wondered if that 609-equifax score might increase because of the $28k debt being removed. I need it to go ... |
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 I have had a cash payment put into my bank account of Β£270 and it was not me or anyone I know. what do I do? |
I am not going to " steal" it but if someone has paid into my account by mistke will they get it back or will the bank keep it?
What do I do?... |
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 Is it bad to have a high credit limit? |
| I want to increase my credit rating, so I have been putting small purchases like trips to the grocery store on my card. I pay it off every month. I have had this card for over five years, and have ... |
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 I need help or suggestions??? |
| I'm just starting my credit and I have nothing on my credit report, I mean 0, nothing, nada, what can i do to start building my credit, some finance companies and banks dont want to give me ... |
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 I am a authorized user of one of my mom's credit cards and? |
| I made this card so that I can get credit(had no credit) this was about 3 years ago. I recently pulled up a credit report and saw that my mom's credit card had about 50 percent balance of the ... |
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 I have a credit card question?...? |
| I have been trying to find a good card that will accept me. i dont have the best credit but isnt there some cards out there that i can apply for and actually get it?... |
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 Is it better to...? |
cancel your credit card accounts or keep them open.
Does this help your score more if you have open credit or canceled ... |
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 How do I get an car loan with bad credit? |
| I am trying to finance a car but on my credit I have a few charge offs and a judgement. I would like to find a loan from a fianance company rather than going to a buy here pay here place can anyone ... |
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 Convert a visa gift card? |
| i have (4) $500 visa gift cards issued by wells fargo, i really want to use them to pay my CC bill. obviously you cant use one credit card to pay another. is there a way i could convert it to cash? ... |
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 Using my dad's credit card? |
| I went to my college bookstore today to buy books and I was going to use my dad's credit card but they didn't allow me to. They told me I can come back tomorrow with his I.D...the thing is I... |
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 How to establish good credit? |
| perhaps i have collections,they are unknown to me at the moment and i plan on paying them off.But after that then how would i obtain good credit within a short period of time?... |
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Harry W | How long will a bad credit report stay on a persons record? |
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Stacy C
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7 Years at the most. That's the most any one can hold it against you. Some states it may be less. |
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bdancer222
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Negatives stay on your credit report for 7 years and 180 days from the date of last activity (DOLA) which is usually the date the account became 30 days late and was never brought back to current or the charge off date.
Collection agencies who buy old debt CAN NOT re-age the item even if you make a settlement payment. If they do attempt to put it back on your report, you can dispute it with the credit bureau as beyond the 7 years.
People often confuse the statute of limitations (SOL) with the reporting period. They are two different things. The SOL varies from state to state. Payment, and in some cases just promise of payment, will restart the clock. Even tho credit cards are defined as "open" accounts, some collection agencies have been successful in convincing judges that they are "written" accounts which often are longer periods.
A debt beyond the SOL does not mean the collection agency cannot continue to call and try to collect -- they can follow you to the grave. The SOL is an affirmative defense if you are sued. |
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nay3689
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7 years, if not resolved |
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RowdyRonny
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7 years.
Bankruptcy 10 years.
Judgement 10 years.
Note: May vary by state |
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credit_and_scores
 |
There are exceptions to every rule. While those that have already answered the question are, overall, correct, there are ways to improve your credit and even get the debts eliminated prior to the 7/10 year rule. Please feel free to email me should you wish to discuss it. |
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Jenny J
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7 solid years! That's how mean those guys are.
You can refer to http://www.cheap-credit-cards.org/ for free credit repair information. |
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ღ*Pink Cat *ღ
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7 years, although now they have a loop hole, someone comes in at the 7 years, buys the old debt and then starts bugging you as if it were a new debt. And it's legal. |
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Edwin a
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Have seen lots of people asking info on bad credits. Well, if you need to get your problem solved on<!--bad credit, you must know to how to confront it. Of course, Even if you have bad credit, you can get loans. Many factors can contribute to someone getting a "bad credit" rating, among these are non-payment of an account or late payments over an extended length of time. You may find a bad credit loan here,
http://badcredits.awardspace.com/
You may find want you want. You can easily be labelled as a bad credit risk by financial companies. This can make it more difficult to-->arrange loans or other finance, and usually means you will pay more interest on any loan you take out. |
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mchl_trvs
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7 years is the magic number. Look at some solutions to credit repair at http://www.your-credit-solution.com/creditsolutions.htm if you need to improve your credit rating by 200 plus points. |
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