How long does unpaid bad credit last on your credit report?

I was told it was 7 years. I opened an account under my name for a telephone landline in 2002 for a family member which turned delinquent. I was told that my options (since it%26#039;s been 5 years) were paying the money off in payments or waiting two years which would erase it from my credit. But the creditors say thay if I don%26#039;t pay it they%26#039;ll just sell the account before the 7 years is up and the 7 years will start over with that creditor company. Is that true?

I need true information from someone that is either in the business or has been through it first hand. Thanks.

How long does unpaid bad credit last on your credit report?

No, it is 7 years. It will go off your credit report in 2 years. If you make payments and stop it will get extended however.

How long does unpaid bad credit last on your credit report?

The length of time a negative mark can stay on your credit report starts from the time you were late or the late payment went into collection, not from the last time you made a payment on the account. Some collection agencies update their reporting status on you to keep the account active with the bureaus to extend the time the account appears on your report. Very crafty and underhanded of them, because most often the account is updated and the period of time the account is active appears to be extended. Challenge this! If you do, bureaus will correctly remove it 7 years from origination. Period. In other words, paying a collection will not keep it on your credit report for a longer period of time if you are diligent. The best thing is to pay off the account to the telephone company (if you value your credit rating).

How long does unpaid bad credit last on your credit report?

The date the 7 years starts with is the original delinquency. What you are describing is called %26quot;re-aging%26quot;. It%26#039;s illegal, but that doesn%26#039;t mean it doesn%26#039;t happen.

How long does unpaid bad credit last on your credit report?

it stays on for 7 years AFTER it is paid off,

Collection Agency can%26#039;t re-age the debt, if they do

you can sue them back

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