 What if I defaulted on a credit card? |
| First let me say that I have several credit cards. One though has really begun to screw with me. First they raised the interest rate to 21.9% and now the monthly payment is unreal (I have never ... |
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 Which is worse for your credit? Continuously missing payments, or filing bankruptcy? |
| I keep getting letters in the mail from creditors about my deliquent accounts, and am wondering if I should file bankruptcy or not.... |
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 I am a co-signer on a car loan and it probably will get repossessed, what are my rights? |
My father and I are in a car loan together. He is the primary and I am the co-signer. He has the vehicle and he is defaulting on it. How will him defaulting affect me if it is repossesed?
A... |
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 How do these credit card companies get away with ripping people off? |
| credit card companies are charging for you to pay your bill and adding on late fees on your account when you don't even get a statement, how?? there are laws against this, especially in new york.... |
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 I have hired a credit repair agency, Are they any good? |
| I need a mortgage and they claim they can remove most all bad debt from my credit history. I just wanted to get some feedback from those who have used this type of service. Thanks!... |
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 I applied for a credit card, got accepted but then changed my mind...? |
| But when I checked my bank account there is now a credit card account as well with 2 months of late payments and the annual fee tacked on to it. I don't want this credit card at all, but now I�... |
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 What are the average living expenses for a young couple living in their first house? |
| I mean things like certains taxes, gas bills etc. I know there is no fixed answer, but if any of you could help by letting me know some of the expensies or if you in a similar situation how much say ... |
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 Can someone suggest a good credit card? |
| I am looking at paypal or citizensbank credit card. I'm 20 and this will be my first credit card so please suggest a good ... |
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 Should I go for a student credit card or a regular credit card? |
| I am a college student trying to build my credit history. While shopping for credit cards, I notice that banks offer student credit cards for college students. Should I go with the student cards or ... |
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 Debit card using "credit" option? |
I know that when buying stuff at the counter i can use the credit option, then the merchant will place a hold on my fund.
then few days later they will officially deduct the amount.
... |
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 My credit report is 782. Is this good? |
| The site that provided me with the score says that it is equivalent to a "C grade." I am 22, own my own home, and usually pay my bills on time. Is 782 a good score? Considering my age? T... |
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 Credit cards? |
| My husband has a credit score of 525 and we are trying to improve his score. We are paying off all the debt that is on his credit with our tax return and we are looking for a good credit card for ... |
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 Can you pay for something at the store with all the credit card information but no credit card? |
My dad lives in a different state and is going to pay for my prom dress, so he gave me all his credit card information.
I could of course use it to buy a dress online, but that would be ... |
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Jessica t | If i dispute something i believe to be over 7 years but it turns out not to be will it restart the time? |
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Bobbie
 |
Heck no! Making a payment on the account would cause the date of last activity to update. Disputing through the bureaus will not. Dispute away! Also, if you're looking at your credit report, you can see the date the company last reported. If it was a long time ago then its more likely that they have just forgotten about you. Good luck to you! |
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twv23512654
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I will not restart the time if you dispute the debt.
The length of time a negative mark can stay on your credit report starts from the time you were late or the late payment went into collection, not from the last time you made a payment on the account. |
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SPIFIMAN1
|
No it will not.
There are a lot of people that think this happens but according to the F.C.R.A. this is not legel.
I looked it up after Studly busted my for posting it in a previous answer. |
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Ask M
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No it does not, if someone re-ages it, then you can sue
them.
www.creditinfocenter.com |
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kate
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Check your records first , ( for last payment )
Then , a dispute to the credit agency should not restart the clock . . .
Only the last payment to the lender counts ( I think )
> |
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Deliah
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Wizard is WRONG if you are talking your credit reports. If you are talking state regs on collections then YES if you even contact a collector in a couple of states you start the time for COLLECTIONS but not the credit reporting.
7 years from 1st delinquency on the credit reports period. |
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Crazy cat lady >^ ^<
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It only starts over again if you pay on it...and thats it... |
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Goddess
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It should show on your credit report how long the item has been active and the expected due date for it to drop off.
If you file a dispute via the credit bureau, they have to contact the company/creditor in order to resolve the dispute. When contacted by the credit bureau, the creditor has a choice of responding or not responding. If they don't respond, the item gets wiped off your credit report.
BUT if the company responds to the credit bureau in any way whatsoever, their response and the DATE of their reponse will be listed on your credit report -- then it will stay on your credit for 7 years from the response date.
AND if the item has not already been written off as a bad debt by the creditor (which closes the item out officially), this contact may cause the company to decide they do indeed want to pursue you for the money and that will also re-start the time because the item has become active again. |
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The Wižard
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Any activity on an account will restart the time. Its best to leave it alone if possible. I am actually referring to a situation if you let a car go back under as a repossession and then 3 years later you go back and start payments again, it starts the time over again. If would have fallen off after 7 years but the time starts again after each payment or activity. If you are talking about your credit report, thats different. I have corrected many itmes that were wrong, through disputing it with the credit agency that it is listed with. |
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