Understanding when the 7 years starts and ends
Date: Wed, 05/16/2007 - 20:08
I have read the 7yrs starts when the account is first deliquent
is that at the first 30 day late stage...
If so if it is paid current does the 7yrs shift agin until its late again?
Help educate me on this I have some that should be close but do not know how this works.
is that at the first 30 day late stage...
If so if it is paid current does the 7yrs shift agin until its late again?
Help educate me on this I have some that should be close but do not know how this works.
When the debt reaches 180 days delinquent, it will be charged of
When the debt reaches 180 days delinquent, it will be charged off. The seven years will begin from there. A payment after the fact will restart the seven years.
