Re: Debt Satute of Limitations and Credit reporting

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On 8/06/08, Yvonne wrote:
> Can a Credit card/debt collector company continue to report
> to credit bureus after the Statue of Limitations time has
> passed?

The Statute of Limitations has nothing to do with the length
of time something can stay on your credit report, they are
two TOTALLY separate things.

The reporting period on consumer credit debt runs 7 ½ years
(7 years plus 180 days) from the date (month and year) of the
last delinquency (known as "last missed payment; For more
information see the Fair Credit Reporting Act, 15 U.S.C. §
1681 et seq.

Bankruptcy information can be reported for 10 years;

Information reported because of an application for a job with
a salary of more than $20,000 has no time limitation;

Information reported because of an application for more than
$50,000 worth of credit or life insurance has no time
limitation

Information concerning a lawsuit or a judgment against you
can be reported for seven years or until the renewal period
of the judgment runs out, whichever is longer;

Default information concerning U.S. Government insured or
guaranteed student loans can be reported for seven years
after certain guarantor actions;

and tax liens stay on 7 years from the date PAID.