It is def for 7 years- if you have del accounts that have cleared the 7 year mark, you need to personally write to have them eradicate the old accounts from your report. There are 3 major bureaus and as inconvenient as it is to us consumers, we have to compile three different letters (the bureaus always seem to report inaccuracies in our credit history along with reporting differences between the bureaus itself). Every U.S. resident is allowed a free credit report per year, which we all need to take advantage of. Besides our own personal debt issues, we have another risk of being the victim of identity fraud. I hope my years in finance has helped you..
by Kells - 14 hours ago
i always thought at least 7 years
by shootingstar22 - 14 hours ago
The reporting period for negative marks like deliquent credit cards is 7 years from the date of the delinquency. Some posters have said that collection agencies will sell the debt or use other tricks to restart the clock. That is called reaging and it is a violation of the Fair Credit Reporting Act. There is NOTHING that can legally reset the clock.
by Crazyjester9 - 14 hours ago
It's usually 7 years for any financial infringement unless the company is persistent in harassing you about your bill. If they call an employer and threaten to garnish your wages for your debt you can file a claim for erasure of your debt due to illegal action of the credit bureau.
by Emissary - 14 hours ago
I think 7 years
by Dman - 14 hours ago
i think it depends on the state u live in. in general i think it's between 5 and 7. there is a book out there called Debt Cures They Don't Want You To Know About. it pretty much says it all. how banks and credit card companies want to keep u in debt and other things that can help rebuild your credit. it's a good read!!!!
by Eskimo Baby - 14 hours ago
I think it's 7 years! But wait.... sometimes colection agencies buy out these delinquent account and have to start the seven years all over again!
by yo-yo - 14 hours ago
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