I have some bad debt still lingering on my credit report.?

This debt (credit cards) is 6-7 years old. Is it true I can ask the credit agency to remove any items 7 years or older.

I have some bad debt still lingering on my credit report.?

Normally it can be removed after 7 years.But check with the credit reporting company about their policy and or retain a lawyer to assist in getting it removed.

I have some bad debt still lingering on my credit report.?

I will be watching your question as well. My car got repossessed 6 years ago and I would love to know when it is going to be off my credit report..

It%26#039;s too big of a debt to pay off without going broke..

Thanks for asking...

I have some bad debt still lingering on my credit report.?

Yes I do believe so

Go to www.annualcreditreport.com

You will get a free report from each of the 3 different credit bureaus. If you choose you can pay to view your credit score...if you do this I wouldnt say its necessary to get it from all 3, maybe just 1. On each of them there will be instructions on what to do in case of something like what you are referring to %26amp; if there is anything fraudulant on there or if there is something you would like to dispute, how you would go about reporting %26amp; correcting any of those things

GOOD LUCK!

Oh %26amp; this time next year, you will receive an email letting you know it has been a year %26amp; you can get them for free again.

I have some bad debt still lingering on my credit report.?

Debts are time-barred to 7 years by the FCRA. See Section 605(c) %26quot;running of the reporting period%26quot;.

http://www.ftc.gov/os/statutes/fdcpa/fdc...

Whenever a debt goes to collections, the company MUST report the date of 1st delinquency of the debt, even though most credit reporting agencies don%26#039;t show this (with the exception of Equifax). This is so everyone knows when the 7 year clock begins (and ends)...after all, you wouldn%26#039;t want a bad debt staying on your report for longer than its allowed! Remember, the DOFD is with the ORIGINAL creditor, not when the collection agency receives it. Debts can be sold over and over again, but the DOFD does not change.

What a lot of people don%26#039;t know is that paying on an old debt that is close to falling off your report is WORSE than just letting it fall off. Why? Well, making a payment on an old debt resets the statute of limitations (SOL) which means someone can sue you for the debt. This is a fact!

http://www.fair-debt-collection.com/stat...

The reporting time cannot be reset, but the SOL can!!

Once the SOL is up, the item can remain on your report but no court will uphold a judgment against the debt. All you have to do is wait for it to fall off.

By the way, the amount of the debt is not use in FICO scoring, only the delinquency. So it doesn%26#039;t matter if they charged off $1 or $1,000, it%26#039;s the same effect on your credit report.

I have some bad debt still lingering on my credit report.?

All you need to do is write to the CRA%26#039;s that are still reporting the debt and let them know that the debt is now obsolete and must be removed.

Keep in mind that bad debt is only removed 7 years after the date the account first went delinquent. Paying on the debt does not reset the S.O.L BUT that is what a lot of collection agencies will try to do. They will place a new %26quot;date%26quot; on your debt so that it remains on your credit report longer--this is ILLEGAL but also very common. Make sure that you check the dates on the bad debt and those dates are correct. The S.O.L. starts the first time the account goes delinquent and cannot be reaged.

If it HAS been reaged you are lucky. You write the CRA reporting the debt, include a copy of the report, and let them know that your debt has been reaged. They have 30 days to investigate. If they find that you claim is true, they will remove the negative tradeline immediately and poof. You%26#039;re done.

I have some bad debt still lingering on my credit report.?

At 7 years it will fall off. You can submut a letter to the bueaus that are reporting the information and dispute the account which will force them to investigate it. Old accounts like this can be hard to dig up information on and it can cause the item to be deleted.

Here is some additional info. Hope this helps.

I have some bad debt still lingering on my credit report.?

check with the credit ref agency

I have some bad debt still lingering on my credit report.?

It drops off by itself. Note that it goes to the month of the %26quot;infraction,%26quot; so something from June of 2000 won%26#039;t drop off until June of 2007.