Comments on: Does the credit card debt restart if a different agencies send letters about your debt even after 6 years? http://www.reducecreditcardbills.com/credit-cards/does-the-credit-card-debt-restart-if-a-different-agencies-send-letters-about-your-debt-even-after-6-years/ Eliminate Your Debt From Credit Cards Thu, 09 Feb 2012 00:06:54 +0000 http://wordpress.org/?v=2.7.1 hourly 1 By: StephenWeinstein http://www.reducecreditcardbills.com/credit-cards/does-the-credit-card-debt-restart-if-a-different-agencies-send-letters-about-your-debt-even-after-6-years/comment-page-1/#comment-360 StephenWeinstein Fri, 27 Nov 2009 04:50:46 +0000 http://www.reducecreditcardbills.com/credit-cards/does-the-credit-card-debt-restart-if-a-different-agencies-send-letters-about-your-debt-even-after-6-years/#comment-360 First, six years is wrong. On credit reports, unpaid credit card debt lasts for seven years. The statute of limitations, which pertains to someone filing a lawsuit against you, not to your credit report, is usually less, but varies by state. Second, the time periods are not supposed to restart. It sometimes happens anyway. After 7 years, check your credit report and dispute anything over 7 years old. First, six years is wrong. On credit reports, unpaid credit card debt lasts for seven years. The statute of limitations, which pertains to someone filing a lawsuit against you, not to your credit report, is usually less, but varies by state.

Second, the time periods are not supposed to restart. It sometimes happens anyway. After 7 years, check your credit report and dispute anything over 7 years old.

]]> By: SPIFIMAN1 http://www.reducecreditcardbills.com/credit-cards/does-the-credit-card-debt-restart-if-a-different-agencies-send-letters-about-your-debt-even-after-6-years/comment-page-1/#comment-359 SPIFIMAN1 Thu, 26 Nov 2009 06:45:35 +0000 http://www.reducecreditcardbills.com/credit-cards/does-the-credit-card-debt-restart-if-a-different-agencies-send-letters-about-your-debt-even-after-6-years/#comment-359 I'm not sure if you are asking about the reporting time line or the statute of limitations so I will address both. Derogatory accounts show on your credit report for 7-years from the date of first delinquency. It is illegal to re-age debts. The statute of limitations however can be restarted if you pay on a old debt or in some States be even admitting that the debt is yours. I’m not sure if you are asking about the reporting time line or the statute of limitations so I will address both.

Derogatory accounts show on your credit report for 7-years from the date of first delinquency. It is illegal to re-age debts.

The statute of limitations however can be restarted if you pay on a old debt or in some States be even admitting that the debt is yours.

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