Reporting time of the old debt
Date: Sat, 09/17/2005 - 14:47
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, the
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
