alyabis asked:
Greeting all, I was told by someone that after afew years of having bad credit card, it will be removed from credit report. Is this true? If yes, how long?
Greeting all, I was told by someone that after afew years of having bad credit card, it will be removed from credit report. Is this true? If yes, how long?
Thanks
Credit Mechanics
April 3rd, 2009 at 6:12 pm
Credit Mechanics
I think it stays on you record for seven years, even if you pay off over due balance with creditors. Good Luck
April 5th, 2009 at 9:04 pm
Credit Mechanics
depends on what it is, but it usually stays on there for between 5-7 years
April 9th, 2009 at 7:05 am
Credit Mechanics
It will be removed seven years from the date that it occurred. If you check your credit report then it will tell you the month and year that it will be removed. Oh, by the way, you are in titled to one free credit report from each credit agency every year. Here is the link below to do this. Also, it is a good idea to monitor your credit reports. If you find anything suspicious report it immediately.
April 9th, 2009 at 11:18 am
Bad Credit
7 years honey. 7 long years
April 11th, 2009 at 3:52 am
Credit Mechanics
its stays on the record for 10 years, it used to be 7 years but as of last year all bad credit reports post for 10 years.
April 13th, 2009 at 2:35 pm
Credit Mechanics
The federal “Fair Credit Reporting Act” permits a creditor to report derogatory information for up to 7 years.
April 13th, 2009 at 8:07 pm
CreditMechanics.com
Seven years is the “canned” answer for this question. The key is that the entry remains for seven years after the first 90-days form when the creditor first reported the derogatory history. The real answer is seven years and 90-days from the first derogatory entry.
Good luck!
Will D
Enterprise AL
April 17th, 2009 at 1:26 am
Credit Mechanics
10 yrs.
April 19th, 2009 at 11:38 am
Helping People Fix and Maintain Credit
Most debts are reported on your credit report for 7 years.
The 7 yr. period begins when the debt has been sent to collections, whether internally or to a 3rd party collection agency, at the end of 180 days after the first date of delinquency.
Check your credit reports, as they usually tell you when accounts will be removed.
April 20th, 2009 at 2:17 am
CreditMechanics.com
here you’ll find a few comprehensive & FREE sites that explain it all quite nicely.Check out the first one down the list first!
if you get any luck please don’t forget about me lol, hope it helped you!