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STACUTE OF LIMITATIONS ON BAD CRIDIT CARD DEBTS

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WC_M2000



Joined: 24 Mar 2007
WC_M2000's page
Posts: 1



42 Magic Points
Subject: STACUTE OF LIMITATIONS ON BAD CRIDIT CARD DEBTS
 
 Posted on Sat Mar 24, 2007 3:25 am  
what is bad credit card limits regarding time
stanley
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stanley

Joined: 23 Feb 2007
stanley's page
Posts: 54



3357 Magic Points
 
 Posted on Mon Mar 26, 2007 9:00 am  
Are you asking that how long does it take for a negative item to get off of your report? It is generally 7 - 10 years from the date of reporting. What does the status say? Please share it in details so that members can help you out.
_________________
Stan
BTW, I am not a lawyer, I am here to share what Life has taught me.
mayra
Guest
Subject: i have bad cridit can you help me fix it
 
 Posted on Thu Jul 31, 2008 6:34 pm  
How can i improve my cridit score
anthony

anthony

Joined: 31 Jul 2006
anthony's page
Posts: 516



13571 Magic Points
 
 Posted on Fri Aug 01, 2008 7:31 am  
Hi WC_M2000
Normally any negative listing stays in your credit report for seven years. But the sol differs from state to state. The expiry of SOL on your debt depends on which state you live in.
_________________
Anthony Marx

A positive attitude is not achieved by turning a blind eye to the negative, but rather by responding to every situation in the most positive way possible.
erb1953



Joined: 31 Dec 2007
erb1953's page
Posts: 573



-53 Magic Points
 
 Posted on Sat Aug 02, 2008 7:48 am  
anthony, I don't think it varies on how long it will be on the report, depending on what type of account it is will depend on how long it will reflect negatively on the report. A bankruptcy will stay on for ten long years, while other types of tradelines usually drop off at about seven years.
fireyone



Joined: 26 Feb 2008
fireyone's page
Posts: 4285



127 Magic Points
 
 Posted on Mon Aug 04, 2008 3:11 am  
I do know a bankrupsy stays on a report the longest. Anyone who even thinks of going this route needs to see if there are any other options for them. 10 years is such a long haul and lots of people need good credit somewhere along that time. You never know what life will throw at ya and how important your credit is until you really really need it.
goodnatured



Joined: 03 Nov 2007
goodnatured's page
Posts: 3927



10 Magic Points
 
 Posted on Mon Aug 04, 2008 8:41 pm  
I know it may seem like the answer right now, but 2, 4, 6 years down the road when it is still haunting you, you will wish that you would have taken a different route. Look at all alternatives before making this decision.
_________________
Goodnatured,
http://cashinpocket.synthasite.com/
for all the ways I make $$ online
http://www.crazymonkeygold.com/members/register.php?ref=fedupinpa
fireyone



Joined: 26 Feb 2008
fireyone's page
Posts: 4285



127 Magic Points
 
 Posted on Tue Aug 05, 2008 2:11 am  
GN I just can not tell yolu how right you are. I am really glad that faze of my life is over. They have really chenged the bankrupsy laws since the time I filed. I wouldn't know them now and don't care to know. I won't go that route again.

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