A consumer's responsibility for a debt is a separate issue than credit reporting. If you owed a debt 5 or 6 years ago, and never paid it, you still owe it.
There is a statute of limitations for how long a debt can be collected, another for how long a consumer can be sued over a debt and another for how long a debt can show on your credit report.
A delinquent account is any account that has a past due balance. It will remain in delinquent status until the account has a zero balance.
Technically it is a paid, and no longer delinquent account. But it is still considered as a negative account by the FICO scoring model. The bureaus want to show your entire payment history to any lender subscriber to their service. This will still be reported as a negative account for up to seven years.
A bank account is usually considered delinquent if it is overdrawn and the owner has failed to repay the amount owed. Usually an account is labeled "delinquent" after around two consecutive months of non-payment.
The amount of time required to pass for an AR account to be considered delinquent is 30 days.
The amount of time required to pass for an AR account to be considered delinquent is 30 days.
Yes, all the factors that are used to determine your credit score are important. When any credit account is delinquent, the amount of the delinquency is not AS significant as the fact that it was not paid as agreed, but it is a factor.
A delinquent account is any account that has a past due balance. It will remain in delinquent status until the account has a zero balance.
Technically it is a paid, and no longer delinquent account. But it is still considered as a negative account by the FICO scoring model. The bureaus want to show your entire payment history to any lender subscriber to their service. This will still be reported as a negative account for up to seven years.
A bank account is usually considered delinquent if it is overdrawn and the owner has failed to repay the amount owed. Usually an account is labeled "delinquent" after around two consecutive months of non-payment.
Account delinquent after 61 days
Account delinquent after 61 days
The amount of time required to pass for an AR account to be considered delinquent is 30 days.
The amount of time required to pass for an AR account to be considered delinquent is 30 days.
The amount of time required to pass for an AR account to be considered delinquent is 30 days.
The amount of time required to pass for an AR account to be considered delinquent is 30 days.
The amount of time required to pass for an AR account to be considered delinquent is 30 days.
The amount of time required to pass for an AR account to be considered delinquent is 30 days.