 What's your idea of credit cards? |
| Some people have credit cards and get in dept, but overs get better credit.... |
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 What should I do to keep creditors from calling? |
| I am in a position that I won't be able to pay on two lines of credit. We're having a baby, we've cut down expenses to help with that, but w/ the credit card payments, we won't ... |
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 I have $20,000 in debt? |
| I have 20,000 in debt and I was wanting to do debt negotiation. I was wondering if that is all they say it is. I also wanted to know the best way to pay off this debt. I have switched all my cards to ... |
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 What is the best solution for credit card debt? |
What is the best solution for credit card debt?
I am way in over my head, I have 6 credit cards and I'm over $40,000 in debt. I have tried to take out a loan at the bank to consolidate but ... |
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 $125,000 Credit Card Debt? |
| We are a married couple, both are 32 year old, we lost jobs 2 years ago & came up with $125k unsecured debt. Now both are working & our monthly income is around $6k before tax, which is $4500 ... |
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 When's the best time to pay off your credit card debts? |
| I want to focus on buying a house soon, and raising my credit is my main priority. I just got a credit card, and want to know if I should pay my debts off little by little, or at the end of the ... |
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 Bad credit.. possible loan? |
| I have really bad credit and I would like to try to take out a loan to buy a used car.. with my credit, who can i go through and what can i do to get a loan? how much would i need to put down for a $5... |
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| I want to buy a computer and my credit isn't all that good. I wanted to get a dell and they give you an option to get a credit card and pay monthly payments. My daughter is 3 months and she has ... |
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 Credit Card? |
| My husband is going to be off of work for a medical reason. We are self-employed truck drivers. Does anyone know how to make offers to credit card co. we don't want to default on anything it ... |
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| Not using any credit cards. What do I do in an emergency? |
| Or for an expense that was not budgeted for? Or for an expense that's more than my emergency fund?... |
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| What should my friend do? |
| My friend has three credit cards debts worth about 3,000 and health loan 8,000. He wants to file bankruptcy but he has to go back to his country for the next two weeks. So he does not have enough ... |
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 If a person dies with outstanding debts, does the family inherit the debt? |
| If a person does not have a spouse, or children, are their siblings responsible for their debt when the person dies?... |
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| Can i sew if i fall outside a goverment office becasue the blocks of concrete are not leveled? |
| i fell outside of the juvenile center because i was running up to the door and i fell over the blocks on the ground, because of the block that was not evened out, so i scraped my elbow, hand, knee ... |
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chicana | Is it true that after certrain years some things automatically go away from your credit report? |
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JackN
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Yes. It is true. Seven years. Anything other than a civil judgment, is supposed to drop off after seven years. The rule has its legal precedent in the Bible, where in the Old Testament every seventh year was a jubilee year, which was marked by all debts being cancelled and all indentured servants being given their freedom. Somewhere, someone thought of a real neat exception, so a civil judgment can stay on there for three extra years. Then there are always dishonest companies that try to abuse the system and keep their side of the story on your report for extra time. |
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Lauren C.
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i hope not but i dont think they DOOOONT that would be wierd |
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boj12345
 |
Credit Reports use information that is no more than 7 years old. But they place more weight on more recent credit data. The most recent 2 years carry more weight than other. |
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mel
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it is false.
pay off all obligations. |
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Sasha
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Yes after7 years somethings may fall off. |
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♥Kazz♥
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I can only answer for myself being in Australia - here your credit is clean after 7 years |
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cari anna
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i have heard that after 7 years some things drop off your credit report. if you have placed a fraud alert flag to protect your credit report, it will drop off after either 3 months, 6 months, or one year depending on what you have specified. |
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Classy Granny
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Don't count on this if your trying to hide bad debt. Your credit history is for life. Some debt is not collectable after seven years, but the fact you didn't re-pay stays on your record. |
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DaMan
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According to Section 605 of the Fair Credit Reporting Act,
(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.2
(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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knightmare_6854
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i'm no expert but i'm pretty sure they won't. |
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pink leo
 |
most of the time yes if something has been on your credit for seven years it dissapearsexcept bankruptcy and I think that is like 10 years .
the reson I say most of the time is because sometimes they " forget" so you'll have to dispute it and ask them to remove anything passed it expiration. You ca also dipute any duplicate ntries which are actually quite common and anything yu don't eleie to be valid or reported fairly.
here is the loophole for creditors they put something in collections and bounce it around creditors for 2-4 years and then close it and list it on your report so 7+4 plus youll have more 30 60 90 lates show on your credit .
Review your credit at least once a year and dispute anything you see that is duplicated or wrong or anything that is identity theft.
After you dispute something oh and do it through the credit buroows , they have 30 days to respond or it is removed from your credit.
order a copy of your report by calling trans union they will give the # for federal fair act reporting and that is where you call to order your credit report. it also gives you the option of do n it on the net but i don't suggest this unless you know alot about what is on it cause you can't access it without lots of info. Call and they will send the three major credit agencys reports.
review and be sure to pay attention to the alliases cause it could be your first tip off of identity theft also note your previous and current addresses
.the # for trans union is866-887-2673 if u want to pay for your credit scores the # to equifax is 800-685-1111 and the number to experian is 888-397-3742
hope this help[ed |
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luckistrike
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Yes - after 7 years... |
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David D
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The answer may be here. |
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