I have a repo contained by 2003, how long back it falls stale of my credit report? It's incredibly embarrassing, but I be going through a divorce and just

It's incredibly embarrassing, but I be going through a divorce and just couldn't income it. Anyways, I keep getting different guidance as to whether I should pay it or not b/c it's getting feeble. Any suggestions on whether I should let it tumble off my report, or how to haggle near them on a settlement?

If you consent to it lie, I believe it stays on your report for 7 years. 7 long years. But hey, it happen to the best of us. They might be nice and settle for less than 100%. I've individually had an proffer for 40% for a credit card I maxed out. But like I said, if you do zilch, you're gonna have that blemish for 7 years.

Your State statute of limitations may be only 3 years...you may know how to get out of paying it completely. If you recompense it, it won't change your credit rating so what's the point?

If it is out of the limitations, don't allow it is yours and dispute it with the credit bureau. It should be stale in 2007 unless they pulled the shady "reset" where on earth they say it be a new loan and only just delinquent.

Email me with specifics and I'll make a contribution you some advice.

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Answers: 2010 7 years. but it becomes smaller number relivant as it gets elder.

You should get that you owe money. You are stealing from someone if you don't pay it. You should salary it off.