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Reporting time of the old debt

Date: Sat, 09/17/2005 - 14:47

Submitted by anonymous
on Sat, 09/17/2005 - 14:47

Posts: 202330 Credits: [Donate]

Total Replies: 1


Will all of my debt clear after 7 years. I am unable to pay and it has been almost 6 years.


Hi Patrice

As per the Fair Debt Collection Practices Act, there is seven years reporting time of a particular account in the credit report. The account appearing as a negative remark is required to disappear after the reporting time.

If you find the account still appearing in your credit file after a period of seven years, you can dispute with the credit bureaus and get your file updated.

Regards
Roxette


lrhall41

Submitted by roxette on Sat, 09/17/2005 - 14:55

( Posts: 4009 | Credits: )