What to do, when your collection account gets sold over and over, and over again.
What to do when your collection account gets sold over and over again, It is called re aging, churning, and it is just wrong… Collectors sell debt in an attempt to keep it on your credit report longer than allowed. You can fight back! Start with this video…
What is the Statute of Limitations on Debt?
Most revolving accounts stay on you credit report for seven years starting 180 days after the first delinquency.
Most installment or utility stay on you credit report for seven years starting 30 days after the due date.
Bankruptcies can stay on you credit report for ten years starting from the date of discharge.
Chapter 13 Bankruptcies can be removed form your credit report in as little as 7 years but may stay on you credit report for ten years starting from the date of discharge.
Federal Tax Liens can stay on you credit report for seven years starting from the date paid. if not paid they could remain for ever.
State tax liens very by state so check with your local reporting rules.
All Material included in the presentation, class, video or website is protected under copy write law 2015 and the property of Hammer it Out LLC. No portion may be used without express written consent. This class, video, website contains ideas and opinions of its author. It is designed to provide knowledge in an accurate way with regard to the subject matter covered. It is to be consumed with the understanding that the author, publisher, or any affiliates are not engaged in rendering legal advice. If legal advice is required, the services of a lawyer should be sought. Although every precaution has been taken in the preparation of this information, the publisher, author and affiliate assume no responsibility for errors or omissions. No patent liability is assumed with respect to the use of the information contained herein. The author, publisher and affiliate specifically disclaim any responsibility for any liability, loss, or risk. Personal or otherwise; which in incurred in consequence, directly or indirectly, or in the use and application of any of the contents of this book, class, video or website