I've always heard that you can have charge-offs, defaults, etc. removed (by law) from your credit report after five years. Assuming this is true, can someone point me in the direction where I can find literature which states this? I'm debating someone about this and need to "prove" what I am saying. Thanks
The only law that I know of that references removing items at the 5 year mark is in NY. That law states that paid judgements may be removed at the five year period. I would hope to hear from others tho'
So basically, the charge-off will be on my report forever? I've always been told five years (I'm in Texas). Thanks
It will be on your report for 7 years...I know that SEEMS like forever, but nothing says you can't try to knock it off yourself sooner. Is this a paid chargeoff or unpaid? How much is it for? When did the account first charge off? Do you have the money to "pay for deletion"? Once you supply some information, maybe some of us can help to give you some direction and some suggestions...
So basically, the charge-off will be on my report forever? I've always been told five years (I'm in Texas). jrp32 ============= How Ya figure that when federal is 7 to 10 years? THE END ** *** ** LB 59
Once you supply some information, maybe some of us can help to give you some direction and some suggestions... kingfish That might help. I'll say it again : That might help. THE END ** *** ** LB 59
