Credit repair from overseas
Q: I am from India and lived in the US for 2 years, in 2005 and 2006. Before coming back, I accumulated close to $6,000 in credit card debt. I did not pay as I did not have the money. Now in India I am doing well and making $200,000 per year.
I am concerned with my US credit scores and wonder how long the delinquent credit card debt will impact my credit scores. How long the unpaid debt would stand on record and what I can do to repair my US credit scores while living in India? Are there companies who can help me restore and build credit?
A: That is a tough one, I must admit. Right away I will say, I am unaware of any companies who help with credit repair for foreign nationals. Assuming that you still have a US credit file somewhere, which may not be a case due to what ... 5 years of credit inactivity, you may have to engage in self credit repair. You should try to order a credit report by mail to see what is going on, using the PDF form that can be found here. You can't repair what you can't see. Even if you still have a credit file, you may only get a report with no scores. If you do get a report, you may try to buy the credit scores from one of the credit bureaus.
Here are contact information for all three credit bureaus, just in case,
Even if you had just one credit card, the credit report likely has numerous late payments, charge offs and collection records. I don't think it has any judgments, but everything is possible.
Late payments remain on credit reports 7 years from the month in which the late payment was due. Multiple late payments on the same credit card record expire individually.
Charge offs, collections also stay for 7 years, and debt collectors often re age bad debt creating a bigger mess.
Finally you may want to check statutes of limitations which vary, depending on the state you lived in when you got into debt. The statutes of limitations may or may not expire. If you accumulated debt in a few states, check statutes for all. Verify statute of limitations on debt and statute of limitations on judgment. If you move back in the United States before statutes expire, you can be found here, even though the chances are very remote, and sued.
Thu Mar 31, 2011 12:03PM | Copyright: www.bad-credit-advisor.com | More in Credit Repair Tips | Comments (0)
Recent Entries
- Capital One Secured Credit Card to Improve Credit Score - Review
- How to get approved for mortgage - loan approval help
- Spouse average FICO credit score is higher?
- Why average credit score?
- Getting mortgage after bankruptcy - go FHA
- Debt settlement and how it affects credit score
- Debt settlement with Citibank
- Can I settle with credit card company with no late payments?
- Credit card limit lowered, credit score goes down
- Gold price will rise in 2011
