UnThreaded | Threaded | Whole Thread (6) | Ignore Thread Prev | Next
Author: expatpat Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 311074  
Subject: Re: CR info lingering after 11 YEARS Date: 1/15/2003 7:24 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
Hi Joel,

Thanx for the reply!

You wrote, "I believe there is no limit for any credit history that's considered positive; but most CRAs drop anything older than 10 years. Negative information has to be dropped 7 years after the last verifible activity. If you have reason to believe the information is too old, get a copy of your report and dispute the item(s) with the CRA."

Is there a site that lists contact info for the various CRA's?

You wrote, "If you skipped out on a really big debt or really pissed off someone you owed money when you left, they may never let the claim die. In this case, you either have to 1) pay the claim, 2) file bankruptcy, or 3) live with it. This means that if the debtor is persistant and you're a dead-beat and refuse to pay, the creditor can make a mess of your credit for the rest of you life."

The various amounts weren't much, but when you're young and out of work even a couple of bucks is a lot of money. I have the money today to reimburse and ethically would like to do so but after reading posts here I'm reluctant to surface and repay as this would trigger a new 'last activity' date.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (6) | Ignore Thread Prev | Next


TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.