Credit Card & Loan Consolidation
How long does a collection stay on a persons credit report?
My fiance and I got in a little disagreement a little while ago about how long collections stay on a credit report.
He says that after 7 years they will be removed from a persons credit report – whether they are paid or not.
I disagree with that. Why would collection agencies just "give up" trying to collect money from a person and take it off a persons credit report. It doesn’t make sense to me. If collection agencies just stopped trying to collect from a person after 7 years wouldn’t a lot of people not pay their bills because it will just go away after 7 years?
Can someone clarify this for me? Thanks!
I just got my credit report. How can I contact the collection agencies to make a payment?
I don’t see a phone number on the credit report for the collection agency. What’s a best way to contact them?
How long can a bank keep a delinquency on a credit report?
Back in 1997, I ran into some financial trouble and took out a loan for the balance on a mobile home I once owned. I defaulted on the loan that year, but it is still on my credit report. I wrote letters to the bank and to the credit reporting agencies, and this is still on my credit report. This is the only bad credit/delinquency I’ve ever had. I would appreciate any suggestions.
How long do late credit card payments impact your credit report?
I checked my wife’s credit report and she has 3 accounts with late payments from several years ago prior to us being married. One was past due 60 days, one was past due 30 days a few times, and one was past due 120 days. How long will her credit rating be impacted by these accounts? Is it 7 years from the time the account is closed?
How do I obtain my free yearly credit report?
How do I obtain my free yearly credit reprot from the mojor credit agencies. I have heard that a law was passed and all agencies were to provide a persons credit report free once a year. I have encountered several websites claiming to be free but there are none that i have yet to come across. I do not have a bank account to paypal any of these credit report sites. How do I find the mojor credit agencies and how do I get my free credit report.
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