when does debtfall off a credt repot?
105812
after about seven years assuming you have cleared your debt.  However, if you are nearing the 7 year mark and it is yet unpaid, it is in some cases actually better to not pay it and let it disappear, otherwise you pay off the debt but have to wait another 7 years before it clears from your credit history statement. Nothing like waiting 6 years and paying something off and having another 7 years on your credit history saying it's paid but paid way late.
481860
It sounds like they are bumping your reporting dates.  The law says the reports can only be on your history for 7 years, beginning the date of default.\n\nIf you have anything to show this, send the credit reporting agency a letter to protest it and have the listing corrected or removed.\n\nAlso send a letter to the creditor demanding that the "Validate" the debt.  That means that they must supply you with contracts, bills, recepts, and everything that was used to calculate what they claim you owe.  If they can't produce this information, the listing must come off.  Otherwise you can sue them for violation of the Fair Credit Reporting Act.\n\nRead the link below, along with a sample letter.\n\nAs for your student loan, it's not likely you can fight it, especially if it's a government backed loan.  It will drop off after 7 years.
626886
Regarding those two low interest CC's, are those interest rates fixed for the whole term or do they expire on a date.  Read the fine print, I think you will see they expire from 6-12 months after you made the transfer.\n\nNow, if those interest rates are fixed, why would you trade those in for a higher interest rate?  Even the benefit of a tax write off doesn't justify it.  If your only reason for doing it is fear of a late payment triggering the penalty...then get diciplined!  Make sure the payments are sent!\n\nRegarding the other cards....\n\nLet me say that I'm in favor of balance transfers and debt consolidation.  BUT....the danger is that when you do it, you must dicipline yourself on your budget.  \n\nOver the past two years, thousands of people fell into the trap of consolidation. Then they turned around and ran up their credit cards again.  Now they have twice the debt!  It ended up with them filing for bankruptcy.\n\nIt sounds from the way you are talking that you are on that path.  So take my advice.  If you consolidate, cancel all your paid off cards and budget yourself!  Otherwise you will lose your Coop.  \n\nDon't play the balance transfer game!  It's going to ruin you.
808836
That is up to the finance company. Some will repo it if you're late two or three payments. I would try to get them caught up ASAP or call them and see if they will work a new payment plan up with you or else you might be walking really soon.
748305
I hope that in your divorce this issue was addressed.\n\nIf there are still amounts owing on the joint debts, they will stay on your report until they are paid off.  And as long as your name is on the debt, you credit will reflect the payments & history.\n\nThere is no way to remove the joint debt reporting, this will be a part of your credit history for at least 7 years.   If the debts have been paid off and the accounts closed, then you can submit a paper explaining why accounts were late (if they were) etc. \n\nGood luck & congrats on your new life.
565071
You still owe the debt to the owner of the company. The debt may have been sold.
610277
Once gives the lender the right to repossess.\n\nCheck out the fine print at my source site.
787955
No you are right.   \nHowever, upon death all loans and other financial obligations are not dismissed.\nFor instance.  Any debt that is secured by property of any kind the financial institution can repossess to cover the balance of the loan.  They can also attatch any estate of the deceased to help pay any loans. \nA bank will probably reposses a car if financed.  A mortage company will foreclose on a house that is financed and so on.\nNo Person not signed on the contract can be held responsible for the debt!!!!!  \nBut a bank will usually let you assume the loan on a car rather than repo it.\nI hope this has helped you.
1136916
When a lender "charges off" a loan, it simply moves it from an earning asset on it's balance sheet, to a non-earning asset and recognizes a loss on it's income statement.  It does not mean that the debt has been forgiven and the lender will mostly likely continue to work the account to recover all or part of their loss.\n\nDepending upon the balance of the loan and the collateral, the lender may sell the account to a collection agency, or simply decide not to bother with further collection efforts.  In the case of the former, you may wake up one morning to find the car has been repossessed.  In the case of the latter, you will be able to use the car until it's of no use to you  and then abandon it... you will not have a clear title to the car, and thus will not be able to "legally" sell it.
1142101
Temporarily.  It depends on the Chapter you are filing under and the purpose of the garnishment.
1157375
That's too general of a question.  If you've been responsibly paying your debts and have responsibly consolidated to reduce the interest you pay, it's different from the kind of consolidation done in response to credit problems.\n\nWebsites aren't going to be able to answer that question.
521479
updated continuously:\n\nhttp://www.toptips.com/debtclock.html
1024672
Yes and it is consider voluntary repossession, will be sold through private bids or auction, and you will be responsible for the remaining balance.
138417
All your accounts stay on for a min of 7 years and some stay for 10 years.  Including the fact that you claimed bankrupcy.  \n\ngood luck to you.  Try to say out of debt this time around.
1046655
Here is some information on an article I wrote back in December 2005\n\n"How long will collection or other derogatory information stay on your credit report?"\n\nCredit information can and usually stays on a person’s credit report for 7 years. You can use the information below as a reference to guide yourself and figure out how long derogatory information stays on your credit report\n\nGeneral credit information: 7yrs\nCollections: 7yrs from date of last activity\nBankruptcy: 10 yrs\nForeclosure: 12 yrs from the date filed\nGarnishment: 12 yrs from the date or entry or 7 yrs from the date satisfied\nJudgment: 12 yrs from the date or entry or 7 yrs from the date satisfied\nTax lien: 12 yrs from the date or entry or 7 yrs from the date satisfied\nDismissed garnishments, judgments, and tax liens: not reportable\n\nNow that you have this information I’ll give you an example similar to a client. The agent he had worked with before gave him the wrong advice.\n\nLets assume that you had a collection for $1,000 filed against you in December 1998 and you haven’t paid it. It’s now November 2005, so in a few weeks that collection can come off your credit report. (You will probably have to request all three credit bureaus to take it off your credit report). However, you just applied for a loan today and the loan officer tells you that you need to payoff that debt in order to be approved. Since you have the money to pay it off, you do so. Because the date of last activity is now November 2005, the collection will show on your report until November 2012 – another additional 7 years.\n\nNow let assume that this collection was in June 2005 and you pay it off in November 2005 to obtain the loan, this will reduce your credit score. On the other hand if this collection was in September 2005 and you pay it off in November 2005 to obtain the loan, this will actually increase your score. My point is that a collection account that is less than 6 months old and is paid off will be beneficial but if your collection account is more than 6 months old and is paid off this will be detrimental to your credit score.\n\nYou as a consumer can request copies of your credit report from the 3 credit bureaus (although it’s better to get a collective report from all three in one which I can help you with) and dispute information that is incorrect. Incorrect information can be corrected or removed but correct information (good or bad) usually stays on the report for the period allowed. Only the credit grantor (lender/bank) or credit bureau can remove correct information.\n\nIf you find incorrect information on your report, contact the credit grantor obtain an explanation, have them corrected and ask them to contact all three credit bureaus and correct that information on your report. After this you should also contact all three credit with a letter with documented proof of the error on your report and ask them to remove this information. The credit bureaus by law have to respond to your letter and request. Depending on your case they might approve or deny your request but they have to respond to your letter. Following are the addresses for all three credit bureaus.\n\nTrans Union\nPO Box 4000\nChester, PA 19022\n866-887-2673\nhttp://www.transunion.com/\n\nExperian\nPO Box 2002\nAllen, TX 75013\n888-397-3742\nhttp://www.experian.com/\n\nEquifax Credit\nPO Box 740241\nAtlanta, GA 30374\n800-685-1111\nhttp://www.equifax.com/
306209
7 years from the time it was last reported on. So basically from the time either you or they closed out the account. But a little hint you may want to try is to get your report and dispute anything negative on it. If the individual creditors dont respond back in time to the dispute it can get removed from that specific report. Believe me that works !
950772
Once a deal is closed, teh only action that will undo the r/ship is a failure to make the payment.\n\nThe car is not a problem SO LONG AS THE LOAN HAS ALREADY CLOSED. and the loan proceeds advanced However, keep in mind that if you do refinance in the near future or buy another property, then the car will be on your credit report.