Paying off Outstanding Debt

Paying off Outstanding Debt

Question: How long will delinquent credit cards remain on my credit? I heard that some things will be removed after a certain period of time. Also, when I pay off past due accounts will this increase my credit score. Also how long does child support (arrearage) remain on your credit report even though you have been paying? Tell me about paying off outstanding debt.

Answer:
The quick answer is that most items remain on your credit report for up to seven years.

There are three major credit bureaus that offer credit reports, if there is something that you want added or removed, you should contact them directly:

Bill has answered all sorts of questions and has been able to provide those in need of financial guidance with helpful and valuable advice and information on their specific financial area of interest. If you need specific guidance on any of the above mentioned financial areas, feel free to Ask Bill your financial questions and get better informed.