Studly
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It is truely depressing to constantly see Yahoo Answer's concept by destroyed by morons like Flower Girl's idiotic answers, or Dude's preaching (do that in the religious areas, ok?)
Your debt must be removed after 7 years, beginning on the date of the delinquency.
If it's not removed, you simply follow the dispute process as stated in the Fair Credit Reporting Act. If done correctly, and the listing is not removed, then you have grounds to file a small claims lawsuit against the creditor for $1000, and you will easily win.
Note that creditors frequently will "re-age" your debt, by changing the delinquency date. You need to check on this, so look at your old bills.
The "delinquency date" is the day you payment was due. Lets say your payment was due Jan 1, 1999, and you missed it. That begins the reporting date.
NOT the reporting date! NOT the charge off date! NOT the last transaction date. |
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d_w18
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I don't know and hope to never find out lol. |
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jititi j
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you should consolidate your debts and get rid of the huge interest rates you are paying now:
Ways to Consolidate Debt
http://www.debt-explained.com/category/Ways-to-Consolidate-Debt.html
Credit Card Debt Management
http://www.debt-explained.com/category/Credit-Card-Debt-Management.html |
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Sweet Mamacita
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In my state is 7years and it is supposed to go bye bye. |
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Waine
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it'll be here somewhere
http://credit-cards.ebookorama.com
http://finance.ebookorama.com
http://credit.ebookorama.com
http://credit-repair.ebookorama.com
if you get any luck please don't forget about me lol, hope it helped you! |
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Sara Lee 23
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It is never removed...if you don't pay they end up sending Dog the Bounty Hunter after yo a$$! |
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ssgtusmc3013
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7 to 10 years |
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bella_4624_19
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The answer is simple, without putting you down, 7 years for the first date of delinquency. Sometime they do not fall off your credit report alone. If after 7 years it does not come off your report, you simply dispute the trade line as obsolete. Now just because it falls off your credit report, it does not mean that they will stop trying to collect the debt. They can try as long as they want but it just won't be on your credit report. |
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smiles
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It's usually seven years from the last time the debt was updated on your credit report. Go to www.annualcreditreport.com, and you can view your credit report for free and also you should be able to ask questions and even dispute this credit card issue if it was from seven years ago. Good luck. I'm working on my credit too. It can be a pain. |
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shell7024
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usually its 7 years |
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lost_carolina
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After 7 years it is removed. |
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allykitty63
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7 years- it should be off your credit report now |
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SexyBritish21
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In England 6 years. - I work for legal recovery litigation lawyers. |
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☠Nazâ˜
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Lucky you....... I believe its 7 years.... |
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silverstarlightfairy99
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http://www.debtmediators.com.au/ |
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Diane D
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I believe it stays there. But it probably counts less and less over time when it comes to your credit rating. |
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bianca
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your credit card will put you for collection and after this you have wait 4-7 years to be removed paid or unpaid. |
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r u randy?
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You'll be waiting FOREVER.
Got Milk..? Pay up..!
{}{}{} r u randy {}{}{} |
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Chiquita
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you can contact a credit repair company,. and they will work with the credit card companies to arrange payments and to have removed those items from your credit report. You can do it too, but I am sure that the service of a credit counselor will help a lot |
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bradley L
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To the best of my knowledge, unpaid debt never goes away unless you file for bankruptcy. You may even find someone repoing your house when your rich if the interest gets high enough. If you were to pay them off, them I believe the general rule of thumb is that all bad credit is swept under the rug after 7 years, but that is only if you have paid all of your past dues. good luck. |
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Flea©
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Technically, they are never removed. The debt is usually waived after 7-10 years, but the issuing credit card company can always come back and redeclare the debt if they see you get another credit card from a different lender. |
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thexrayboy
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It may never go away. As long as the debtor is willing to keep reporting it to the credit bureau it will show on your record. If the debtor writes off the debt and stop counting it as an active file then generally about 10 years is the max it will show on your credit file. If the credit bureaus hear nothing about it for 10 years it will probably drop off your history. |
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brandymgriffin
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Holy crap. It gets removed whenever you pay the debt in full. (Even then, it takes time for the credit agencies to remove the debt from its delinquent status.) Either that or you have to declare bankruptcy, then your credit is absolute poop for seven years thereafter. Lesson- if you can't pay for it, don't get it. How much on your credit card did you actually NEED? |
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Flower Girl
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They can leave it on for 7-10 years AFTER you pay it off! |
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Oh Boy!
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They may never come off. Credit providers leave it on there to get you to pay up. |
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Dude
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Timmy it is wrong and considered stealing when you do not obey the contract you signed. I hope you never get another credit ever until you pay off the debt you owe. |
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blueeyz
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7 years at this point and time it is 7 years from the first day it was reported to the credit agency. If you just now paid it is should drop off |
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leo
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get a credit report and find out |
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Chico Infierno
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It never will be and just keeps collecting interest. |
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Big Bully
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Dont know, I pay my bills on time and pay everything in cash. Only fools use credit cards and not pay it off in full. |
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nikkicaudill
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do you mean "unpaid" as in carrying a balance or "unpaid" in the sense that it charged off and went to an outside collections agency?
Bad payment activity falls off after 2-4 years. A bad debt (such as a charge-off) stays on as long as 10 years and affects your credit as adversely as a bankruptcy.
I guess my question to you, is that if things were that bad, why did you not file bankruptcy and start fresh? |
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