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will an unpaid debt fall off your credit report?

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Guest







Subject: will an unpaid debt fall off your credit report?
 
Posted on Wed Feb 03, 2010 12:58 am  

i have a unpaid debt that occured 6 years ago and i was told that it will fall off my credit report after seven years is this true?
Justin

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Subject: unpaid debt fall off
 
Posted on Wed Feb 03, 2010 5:34 am  

Hi Guest,

It is true that an unpaid debt does fall off your credit report after 7 years. However this does not mean that you are free from the debt. The Collection proceedings can again start against you, but I must add that the collections depend on the statute of limitation in your state. You should check out the SOL of your state. If the SOL of your state hasn't expired, it is better to pay off the debt.
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cinnamngrl

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Posted on Wed Feb 03, 2010 10:28 am  

Most statute of limitations are less than 6 years, check here

SOL by State

if the debt is past SOL then can ask for the money but they can't sue. and after 7 years they can't post it on your report.
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Troy
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Subject: Help
 
Posted on Wed Feb 03, 2010 9:32 pm  

All of this information looks so foreign to me. I looked at the SOL for North Carolina and I still can't make out exactly what it is saying. All I know is I am 30 years old and want to focus on clearing up my credit this year. Can anyone guide me and help me understand the process?
cinnamngrl

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Posted on Wed Feb 03, 2010 11:55 pm  

ok you live in NC. Tell me what this debt was for? What company?
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Justin

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Subject: Help
 
Posted on Thu Feb 04, 2010 6:10 am  

Hello Troy,

If you would have mentioned the type of account on which you have incurred the debt, I would have been able to help you.
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cinnamngrl

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Posted on Thu Feb 04, 2010 11:46 am  

Troy will have set up an account to be notified of replies.
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simpletruth



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Posted on Sat Feb 06, 2010 3:45 pm  

What are sale of goods under UCC? I was looking on the link supplied by Cinnamgirl for Pennsylvania and like Troy do not fully understand them.
cinnamngrl

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Posted on Sat Feb 06, 2010 4:24 pm  

simple truth, What goods? what kind of account
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isabel
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Subject: received summons for unpaid credit debt.
 
Posted on Mon Apr 26, 2010 5:40 pm  

Hi,
I just received a summons and have read your blog about responding to the summons at the court house. I am unable to pay, so will follow up with aksing for verification of debt, which I requested last year and all they sent me was one page of a statement. What do they have to send for original documentation to prove debt is mine?. I will go to court and ask for this documentation At the time the date is set. What other recommendations do you have for requesting paperwork on the spot that these 3rd party collectors may not have?
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Subject: HkQntVXSsJaU
 
Posted on Fri Mar 09, 2012 6:38 pm  

It`s really useful! Looking through the Internet you can mostly observe watered down information, something like bla bla bla, but not here to my deep surprise. It makes me happy..!
SCFauv
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Subject: Unpaid Bills
 
Posted on Thu Mar 22, 2012 7:34 pm  

I have 2 repo's, 1 of them I was a joint applicant on. 1 from 2/2005 and 1 from 2010. I also have medical bills. Since after so many years, debt falls off of your credit report, are these type of debts able to be brought back up?
crorkz matz
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Subject: XAecrmYVeRdXMBxhXf
 
Posted on Tue Aug 05, 2014 3:09 am  

HZU5ik Looking forward to reading more. Great post.Much thanks again. Really Great.

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