Comments on: When does 7yr bad debt clock start ticking? http://debtreliefreviews.net/when-does-7yr-bad-debt-clock-start-ticking/ Sun, 11 Sep 2011 10:50:10 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: cssinclair http://debtreliefreviews.net/when-does-7yr-bad-debt-clock-start-ticking/comment-page-1/#comment-981 cssinclair Sat, 28 Nov 2009 22:49:14 +0000 http://debtreliefreviews.net/when-does-7yr-bad-debt-clock-start-ticking/#comment-981 It can reappear but when the debts get sold to collectors they often give it a new loan number the put it back on your credit report thus looking like a new account. Lets say 10 years from now you go to get a mortgage and here is an old debt still haunting you they only way to get the loan is to pay off the old debt. I've done loans for ten years and see it all the time. It best to just save some money and pay it off. Save any proof of payment It can reappear but when the debts get sold to collectors they often give it a new loan number the put it back on your credit report thus looking like a new account. Lets say 10 years from now you go to get a mortgage and here is an old debt still haunting you they only way to get the loan is to pay off the old debt. I’ve done loans for ten years and see it all the time.

It best to just save some money and pay it off. Save any proof of payment

]]> By: SPIFIMAN1 http://debtreliefreviews.net/when-does-7yr-bad-debt-clock-start-ticking/comment-page-1/#comment-980 SPIFIMAN1 Thu, 26 Nov 2009 04:32:19 +0000 http://debtreliefreviews.net/when-does-7yr-bad-debt-clock-start-ticking/#comment-980 Per the Fair Credit Reporting Act derogatory accounts show for 7-years from the date of first delinquency period. Which works out to 7-years and 180-days. After this time has passed it is not legal for these accounts to show on your credit report. Per the Fair Credit Reporting Act derogatory accounts show for 7-years from the date of first delinquency period.

Which works out to 7-years and 180-days.

After this time has passed it is not legal for these accounts to show on your credit report.

]]> By: peilthetraveler http://debtreliefreviews.net/when-does-7yr-bad-debt-clock-start-ticking/comment-page-1/#comment-979 peilthetraveler Tue, 24 Nov 2009 14:18:37 +0000 http://debtreliefreviews.net/when-does-7yr-bad-debt-clock-start-ticking/#comment-979 if its unpaid, it can go forever. If its a BK chargeoff, then it comes off exactly after 10 years. if its unpaid, it can go forever. If its a BK chargeoff, then it comes off exactly after 10 years.

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