Quote:
Originally Posted by chris lindberg
Is there a place to call where they will find all your past debts and you make one payment per month with a little money going to all your outstanding debts?
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http://www.creditcounselling.com/
The bottom line as I understand it is this:
- Companies only have 2 years to collect debt from you. That is 2 years from the last date you acknowledge the debt.
- Bad credit will stay on your account for 7 years. If you have 4 year old bad debt, and decide to pay it off, that black mark will stay on for 7 more years.
Get yourself a secured credit card, and keep your nose clean until it all drops off your record. That's what I did.