7 year time clock?
Date: Mon, 03/21/2011 - 14:27
Is it true that paying a collection or even admitting to the debt restarts the 7 year clock on your credit report? I had always thought it was based on DOFD, but I read something different.
it will restart SOL if a payment is made on an outstanding colle
it will restart SOL if a payment is made on an outstanding collection account
I understand...but it does it impact credit reporting???
I understand...but it does it impact credit reporting???
Yes, it does it will stay on generally for another 7 years
Yes, it does it will stay on generally for another 7 years