While you might know that your credit report has a limit of 7 to 10 years before items are removed, the debt themselves actually might be different.  The statue of limitations is the amount of time a credit has to sue you for an unpaid debt.  It is usually starts at the time you went [...]

Category: Credit RightsTags: old debts, statue of limitatioins | Comments (1)

The best way to put it is you owe the old debts until they are paid or wiped out by bankruptcy.  Having these debts is going to make it extremely difficult to get a mortgage.
Consumers sometimes believe that if the debt is unpaid and it is older than seven years it will be off your [...]

Category: RebuildingTags: collections, old debts | Comments (0)