Unless there are some unusual circumstances, the answer would be a resounding YES. You might be confusing this issue with the amount of time some credit problems stay on your credit record. Here is more input and advice: * Why wouldn't you? It's your debt and it's your responsibility to pay it back. * Why would you? If it has been 7 years it will fall off your credit report, if you pay it now it will be on the credit report for another 7 years as a paid collection account. * Paying an old collection account will not extend the reporting period for another 7 years. This is a fallacy and is completely incorrect. The Fair Credit Reporting Act establishes time limits for how long derogatory information can be displayed on you credit. You can read the text for yourself by following links at www.ftc.gov * A charge off or other debt being expunged from a credit report does not make the debt invalid or uncollectible. States set SOL's pertaining to open accounts, verbal and written contracts and so forth. The expiration of the state SOL for credit card debt simply means that the creditor cannot file a lawsuit. Statutes of Limitations are subject to interpretation by the presiding judge and other circumstances, for example if the debtor paid even a token amount on a debt the SOL could be invalid. If sued it is the debtor/defendant's responsibility to envoke the SOL expiration as a defense, it is not automatically granted.
Yes. Even though the chargeoff line item should come off of the credit report in seven years, the credit card company may attempt to collect their debt for as long as they wish (assuming no fair credit collection laws are broken in the process).
all your credit cards,home address and previous address,card you canceled and still have and how many years you had you credit cards and ect.
U Have To Be 16 Years Old In The UK For A Saving's Credit Card... U Have To Be 18 Years Old In The UK For A Loan Credit Card...
You may do that in case of credit card consolidation wherein your credit card debts are consolidated into one credit card. However, if you can still negotiate to lower your interest rate and monthly payments; it is still better to pay off your debt with cash and not consolidation.
You are alard a credit card when you are 11 years old you will be alard to keep it in your own hands. So 11 years old and your alard to keep a credit card
seven years
It is possible to recover from a bankruptcy. You should start by getting a secured credit card to rebuild credit. After about seven years you should be able to find a standard credit card that will allow you to get a card.
Call the bank and sort it out
Yes. Even though the chargeoff line item should come off of the credit report in seven years, the credit card company may attempt to collect their debt for as long as they wish (assuming no fair credit collection laws are broken in the process).
It depends if your Canadian or not, you can still get a credit card.
2001. Always go by the later dates of payment, delinquency, etc.
all your credit cards,home address and previous address,card you canceled and still have and how many years you had you credit cards and ect.
U Have To Be 16 Years Old In The UK For A Saving's Credit Card... U Have To Be 18 Years Old In The UK For A Loan Credit Card...
You may do that in case of credit card consolidation wherein your credit card debts are consolidated into one credit card. However, if you can still negotiate to lower your interest rate and monthly payments; it is still better to pay off your debt with cash and not consolidation.
The lien is probably still in place, and the fact that it was filed is still on your credit file.
You are alard a credit card when you are 11 years old you will be alard to keep it in your own hands. So 11 years old and your alard to keep a credit card
Yes, but the funds are still withdrawn from the account that the debit card it linked to ... in other words using the debit card as a credit card is still a point of sale transaction. You cannot be extended "credit" on a debit card.