Ask Experts Questions for FREE Help !
Ask
    jenknopp's Avatar
    jenknopp Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Apr 30, 2009, 05:44 PM
    Is bad credit removed in 7 years
    Does unpaid bad credit simply get removed from your credit report after 7 years? Is it like that debt never happened? Does the removed debt continue to effect your credit score once it has been removed?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Apr 30, 2009, 06:09 PM

    Delinquit accounts are supposed to be purged from the reporting agencies after 7 years. Sometimes this happens automatically, other times you may have to prod the credit bureaus. Its also possible for collection activity to start the clock again.

    No its not like the debt never happened. The fact is you are responsible for the debt until its been paid off.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Can judgements be removed from a credit report? [ 5 Answers ]

I couldn't afford two tickets from two years ago, both are in the collections (Alliance One) that the court here uses and I'm paying them shortly. Can or will they be removed once paid? It seems fair that something that has no relation to credit, besides my loose ability to pay something on time...

Improving credit score after item is removed [ 2 Answers ]

How long after you get a negative item removed from your credit report will you see your score improve?

How do I get the damage to my credit removed? [ 8 Answers ]

I have had some loans to pay back to my college. Nothing big, but the payments started while I was still in grad school, and I had a hard time coming up with the money at the time. On 2 occasions I made my payments just after they were notifying me that they would refer me to a collection agency if...

Settled accounts removed from credit report [ 3 Answers ]

Hello everyone, I reviewing my credit report, I noticed some discrepancies. Two in particular, related to two settled accounts, which did not reflect that I had paid the charged-off accounts. I tried for months to get a the collection company (Arrow) to correct it, to no avail. I then filed a...

View more questions Search