How many years is it before credit bueraeus clear delinquent accounts?
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 - a day ago
i always thought at least 7 years
by shootingstar22 - a day 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 - a day 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 - a day ago
I think 7 years
by Dman - a day 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 - a day 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 - a day ago
How to get people to come to your events: A Business Rockstars Minute
Hosting and holding events can be a great strategy for any business owner to network, to build contacts, to establish a...
iPhone or Android? A Business Rockstars Minute
In this Business Rockstars Minute with Ken Rutkowski he takes a look at the question that plagues everyone involved with a...
Cheating the 24-hour Day: A Business Rockstars Minute
Entrepreneurs are busy. Very busy. In fact so is any small business owner. So time is precious and we all need to make the...
Make Money with Free: A Business Rockstars Minute
Make money with free? What can that mean? In this Business Rockstars Minute with Ken Rutkowski, he explains how easy it is...
Lucky Dogs: Barkefellers Upscale Pet Hotel Goes National
For some poor doggies, doing a stretch at the local kennel while their families are away can be traumatic. Stuck in a cage,...
Carnivore Club: A Model for Success in the Subscription Business
Toronto-based online entrepreneur and angel investor Tim Ray says that his business decisions—all of them with good pay-offs...