Bad Credit? - Repair it here yourself!

There're many reasons you may want help for bad credit. We're here to help you understand what affects credit, what makes credit bad, how and what entities define your credit, guide you through the credit definitions, financial concepts, common misconceptions and provide you with information and tools that will help to solve your credit problems. Get help for bad credit now! To achieve this, we provide you with Free Access to a wealth of credit related content, forms, tools and calculators. We show you how to improve your bad credit step by step, reestablish your ability to borrow monies, how and where obtain loans, credit cards, mortgages and other financing. Repair Credit now!

Charge offs and credit reporting time limit

Tue Aug 14, 2007 08:08PM | By Tony

See more in Credit Repair | Permalink | Email | Comments (0)

Q: How long does a charged-off debt remain on a person’s credit report?

A: Charge-Offs stay on a credit report for 7 years. The time runs from the date of the delinquency, plus 180 days. If payment was due on January 1, 2000, but debtor defaulted, and never caught up to become current again, and the account is declared a charge-off by creditor, then the seven year reporting time limit starts running on July 1, 2000, with the record scheduled to expire from credit reports on July 1, 2007

Post a comment

Name:

Email:

URL:

Remember personal info?

Comments:

Please enter the code as seen in the image above to post your comment: