I just received a collection notice for a personal loan from 15yrs ago that I never paid off and was on my credit report for 7 yrs. Can they mark my credit report for another 7 yrs.?
How many times can the same item appear on credit report?
after 7 years they cant persue you for this debt anymore. If it is still on your credit file its a mistake. any unpaid debt drops off 7 years from the date of the original deliquence ie the last time you made a payment. simply call equifax, transunion and experian the three credit bureau%26#039;s and dispute this. They will remove it when you tell them how old it is and they investigate.
How many times can the same item appear on credit report?
honey they can do whatever they want
How many times can the same item appear on credit report?
Yes! I took a credit report class and found out that if you don%26#039;t pay a judgement (not sure about collections) and it falls off, your creditor can pay to have the judgement put back on for another 7-10 years.
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