Wednesday, May 26, 2010

On a credit report it notes that having a debt over 7 years can be removed. Do they remove them?

Does the credit bureaus remove them? Or do I have to? And is it gone forever?



On a credit report it notes that having a debt over 7 years can be removed. Do they remove them?

Yes, typically the credit bureaus will clear any debts 7 years after the close date. If you have an item that was closed March 2000, you would want to inquire with the bureaus if the item is still reported in April. To save yourself from constantly having to order a new report, if you have an item that is supposed to drop after March 2000, just prepare a letter to the bureaus and send it in.



That way, you%26#039;ll only be spending 1.17 rather than $15 for another report.



As to the mentioned item above about debts staying over 7 years, if the account was closed and sold to another party, the oiginal closed account will drop off. If an agency or someone bought the debt, their company name will sit on the report until 7 years after the debt is paid off.



On a credit report it notes that having a debt over 7 years can be removed. Do they remove them?

they have this new thing now, where these people buy the debt and then harass you to pay. and they will hold your accnt if there is money in it.



(it happened to me)



On a credit report it notes that having a debt over 7 years can be removed. Do they remove them?

Normally the credit bureau(s) will remove them, but you can write to them and request it. You can also go to this site and contest, correct, etc., and issues with your credit report: http://www.annualcreditreport.com



It%26#039;s free once a year.



And yes, that portion of the report goes away forever.



On a credit report it notes that having a debt over 7 years can be removed. Do they remove them?

if they don%26#039;t automatically come off after 7 years, you need to contact the credit bureau. Some debts I believe stay on longer than 7 years. Hope this helps



On a credit report it notes that having a debt over 7 years can be removed. Do they remove them?

Depending on the type of debt it is, it can be removed by SOL (statue of limitations for your state).



Go read up at www.creditboards.com forums and they have sample letters on how to get rid of that type of thing.

No comments:

Post a Comment

Blog Archive