Topic: Debt after 7 Years
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Answers to Common Questions
How to Get Out of Debt in 5-7 Years
Getting rid of your debt and staying debt-free will give you such peace you will never want to be a slave to these types of bills again. You do not have to pay a financial counselor to be able to become debt-free in five to seven years. The... Read More »
Source: http://www.ehow.com/how_5729223_out-debt-5_7-years.html
How to Remove Bankruptcy After 7 Years
If you file for bankruptcy under Chapter 13, it should automatically disappear from your credit report after 7 years. If it still appears, however, there are several actions you can take to remove it. You may also want to remove information... Read More »
Source: http://www.ehow.com/how_2140280_remove-bankruptcy-after-7-years.h...
How to Get a Charge-Off Removed After 7 Years
A charge-off on a credit report will remain on that report for seven years. A charge-off is a debt that the lender considers a loss to the company. This does not mean that the debt will go unpaid. Often this type of debt is sold to a collec... Read More »
Source: http://www.ehow.com/how_4965088_chargeoff-removed-after-years.htm...
More Common Questions
Answers to Other Common Questions
Items that appear on your credit report, whether positive or negative, will not appear forever. The Fair Credit Reporting Act (FCRA) sets a time limit each credit entry can remain before being removed by the credit bureaus.
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Source: http://www.ehow.com/facts_5782991_items-credit-report-after-years...
**Date night** Have you established a date night in your schedule? A productive date night is one in which you leave the house (and the children, if applicable). Drive to a restaurant, coffee shop or hotel bar and sit down for at least one ...
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Source: http://www.ehow.com/how_4882574_rate-marriage-relationship-after-...
Answer The debt being dropped from the credit report has no bearing on the collector's rights to pursue recovery of monies owed. The creditor/collector can contact the debtor seeking payment for as long as they choose. Also, state SOL's for...
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Source: http://wiki.answers.com/Q/What_legal_right_does_a_collection_agen...
If you've ever filed for a Chapter 7 bankruptcy, you may be hesitant to apply for a personal loan. Fortunately, if your credit report reflects good debt management skills after the bankruptcy discharge, your past mistakes will not haunt you...
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Source: http://www.ehow.com/how_5448403_personal-after-discharged-chapter...
Now for the correct answer. Derogatory account fall off your credit report after 7-years from the date of first delinquency period. Once the S.O.L. has passed creditors can still sue you but all you have to do is show the court that the S.O...
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Source: http://answers.yahoo.com/question/index?qid=20070914203221AAiiZOH
You have two different time lines mixed up. First is the one in the Fair Credit Reporting Act which says that derogatory accounts will show for 7-years from the date of first delinquency. The second is the statute of limitations which varie...
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Source: http://answers.yahoo.com/question/index?qid=20071213105753AA24JYE
it expires..
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Source: http://wiki.answers.com/Q/What_if_credit_card_debt_is_more_than_7...
