Home | Links | Contact Us | Bookmark
Financial Forum Search :
   Homepage      News      Financial Topics     Finance Directories      Financial Forum      Dictionary  
Financial Forum    Credit
Finance Discussion Forum

 Bad credit how to get your credit score up after 7 years?
...


 How long can credit card companies chase debts for,is there a time limit?
...


 I can not a pay my credit card got no insurance on it?
IVE NO INSURANCE ON MY CREDIIT CARD IF I LOSE MY JOB AND I CAN NOT AFFORD TO PAY...


 How long does a chapter 7 stay on credit report?
...


 Where can i find my credit card number?
This appeared on amazon;
Important Messages
The credit card number you entered was invalid.

The data you entered for the payment method was invalid. Please re-enter it and ...


 Credit card?
...


 3 years ago my credit card account went to a debt collections agency - can i pay it off and get my card back?
Probably havent paid any money for about a year as my circumstances changed and my account went to a debt company. i owe about 800 pound, maybe 1k now with charges. I havent had communication with ...


 Does anyone know wher i can get a real free credit report without having to use my credit card?
...


 I have four charge off Items on my credit 3 years old & less then $400 Will it help or hurt my credit if I pay
3 years ago I hit a rough stretch and defaulted on a cell phone bill and a few doctors bills. I want to know if I paid these Items now, If it helps or hurts my credit score. All four are listed as ...


 Transfuring a credit card balance to a 0% card. what to do???
Hi, I got an offer to transfer a balance to a new card . I not sure how this works.

1. If I decide to transfer, Do I have to close old card because I still have half the limit left on ...


 A few questions about credit cards?
I was thinking of getting a credit card ..but before i do i have a few questions and i am hoping someone will be able to help me.
I was thinking of starting with a credit card of a limit of $500 ...


 Best credit card?
...


 I have applied for a credit card that asks for no credit check or bank account I need to find the web site .?
...


 My boyfreind has a little credit and makes $200 a month...any way he can get a loan?
I make $300 a month, am a student, but have no credit. HELP!...


 Are you supposed to pay your credit card bill in full every time?
I have heard a few different theories regarding building your credit using a credit card...I have paid off my credit card IN FULL every time the bill is due. Some people tell me that if I just pay ...


 Collection agency.?
Wow, I just talked to one of the agent and he was quit rude; I asked if I can work out a payment arrangement or pay a lower amount so I can pay it full and he said "we don't give out ...


 What is the point of holding on to paycheck stubs/reciepts???
Some one told me to hang on to my paycheck stubs and reciepts that i get from using my debit card...

why would i need to hold on to these things and when can i shred them??...


 How can I get out of the payday loan trap.?
I have fallen into the payday loan trap and am looking for a way out. Any advice will be appreciated....


 Can a collection agency but my account and then file a judgement againgt me?
a collection agency is sueing me for an account i had with a credit card company. The credit card company charged off the debt. Is this legal? can this be done?...


 How many numbers does a mastercard have?
...



lynn k
What is the statue of limitation on defaulted credit cards?
is there a limitation on defaulted credit cards
                     
 




DIYguy
Rating
The usual minimum time for a past due or a charge off to remain on your credit report is 7 years. However, it is calculated from the last activity on the account. Activity means moved into collections, any payments made. Be very careful. Banks will sell bad debt to debt collectors and the new collector will pursue you to no end. They will also try to get you to make a payment, which then resets your last activity to that date and the delinquency begins anew for another 7 years. Also debt collectors will try to open a "new account" which then they say they have the right to pursue for 7 years. They are very tricky. Make sure you keep records and can prove it was the same original debt, and they will have to remove it. Check out the FCRA (fair credit reporting act) at http://www.ftc.gov/os/statutes/031224fcra.pdf.


nickdc1960
It depends on the state and a variety of other issues (such as the last time they tried to contact you). Check-out this site...

http://www.creditmanagementworld.com/legal/statutelimitations2.html


acermill
Statutes of limitation on such debt vary from state to state.

Bear in mind that an expired SOL does NOT wipe out any debt. It merely precludes obtaining a judgment against you for said debt. The debt remains due and payable, and a collection agency can come after you to pay for a very long time.


meandnadine
When a statute of limitation expires, it does not mean that the debt goes away, it only means you can use it as a defense to stop collectors from collecting thru the court system. Collectors can still
try to collect thru other methods.

In other words, they can continue to try to collect forever.


randomobject2003
I'm pretty sure it's 10 years. It used to be 7, but they increased it.


Tbone
Rating
I think it's 7 years.


Cali Girl
4 YEARS IN CALIFORNIA, BUT IT DEPENDS ON WHAT STATE YOU LIVE IN.


ms.chacha
Rating
7 yrs but beware many sell them off to credit reporting agencies and re-report it as a "new" collections account


SCH
Rating
It depends on your state...here is a link to a website that give you the information:

http://www.creditinfocenter.com/rebuild/statuteLimitations.shtml


tx1942txx
10 years


 Enter Your Message or Comment


User Name:  
User Email:   
Post a comment:







Archive: Forum -Forum -Finance - Links - 1 - 2 - RSS - All RSS Feeds
The Causes and the Results. 0.014
Copyright (c) 2011 Financial Crisis Sunday, May 27, 2012 - Terms of use - Privacy Policy