how long...?

I was a collections manager for years and work as a Mortgage Broker now.

If you have not made a payment in 6 years but you send them a $5 payment it reactivates the 7 yr rule.

So if you haven't made any payments don't go getting honest now it will only hurt you my friend.

They can keep selling your account, everytime it stays on your credit for 7-10 years. Some debts will never been removed unless paid for. Always request a pay off letter. They do not like to remove them even after you have paid. You can also get a free report every year. I recomend it. Just go to one of the major reporting agencies sites or call to request it.

The seven year thing is really a myth. The truth is, the debt will remain on your report for seven years "after the date it is last reported". So, as long as the creditor is willing to keep reporting the debt, it could stay on your file forever.

I have looked into this extensively recently. The seven years start from the last payment you made. Reselling the debt to a collection agency DOES NOT restart the clock.

Check the FTC website

The starting point is the minute you pay off the bad debt. From that time it is 7 years. If you want to speed things up try writing the people you owe money to. I used Lexington Law firm, and they did a great job, and it was cheap.

the starting date is the date reported, and they can report it again, Banks often do after the 7 years, if they account is sold, it starts over again when they report it, best to just get it cleared up, and watch your report, because they don't always report them being satisfied

Probaly would need to ask the IRS aout that.

call ur credit company!