charged off debts

[cartillo]

What is the name of your state? NY

about 6 years ago someone signed up for some credit cards and ruined my credit through an identity theft scam. to make a long story short, collection agencies were hounding me but I was a poor unemployed student who became fed up with the collection agents and just wrote them off an never had any further contact with them for 6 years.. I was in school and knew I would be for several years and wouldn't need credit. well, I'm out now and want credit and pulled up my credit history and see these things are still on my credit history. is it true that if I just wait until 7 years has passed since the date of last activity, which was now 6 years ago, that these things will fall off my credit history?

I have other credit accounts that are in good standing and my credit should be good except for these charged off and blown off account. will they drop off in a year and my credit score dramatically improve?

[Tayla]

1: Request your credit file from the three CRA's
2: Dispute those accounts which were supposedly fraudulent.
3: Clear your report of any inaccuracies.
4. Yes, Most tradelines can report for 7 1/2 years from time of default.
5: Yes a fico score might improve if poor/negative tradelines fall off and positive accounts are reporting accurately.

[cartillo]

Originally Posted by Tayla

1: Request your credit file from the three CRA's
2: Dispute those accounts which were supposedly fraudulent.
3: Clear your report of any inaccuracies.
4. Yes, Most tradelines can report for 7 1/2 years from time of default.
5: Yes a fico score might improve if poor/negative tradelines fall off and positive accounts are reporting accurately.

I'm a little too uninterested or lazy to do #1-3 above. I hav enough stress and headaches in life and those people just get me upset. I'm more inclined to just wait it out and let nature take it's course. The others are reporting positively. So, if I do nothing, after 7-1/2 years from date of last activity, I should be in the clear? That's what I thought but just wanted to confirm.

[In some debt :(]

Unless they decide to take you to court, which I just recently found out, sometimes they really do it. If you dispute it on your credit report and they don't prove that the debt is yours in time, then it will be taken off your credit report, it doesn't take long to dispute credit issues.

[cartillo]

I actally think they might have sued me years ago too but I ignored that too. I found out too little too late from a former college roommate still at the same address. How and when does that fall off my record?

[Tayla]

Originally Posted by cartillo

I'm a little too uninterested or lazy to do #1-3 above. I hav enough stress and headaches in life and those people just get me upset. I'm more inclined to just wait it out and let nature take it's course. The others are reporting positively. So, if I do nothing, after 7-1/2 years from date of last activity, I should be in the clear? That's what I thought but just wanted to confirm.

Yeah thats the ticket, do nothing. Seems to have suited you this long. ...and your welcome for the valid suggestions that were offered you.

[Ladynred]

I actally think they might have sued me years ago too but I ignored that too.

The ostrich syndrome.. stick your head in the sand and igore everything, hoping it will ALL go away. Uninterested and lazy - typical GenX'er

Guess what kiddo, if you were sued in NY and they have a judgment, that judgment is enforceable for TWENTY YEARS !! It CAN stay on your credit report that long too, so it will be a LONG time before you recover from THAT hit. The judgment creditor can keep coming after you with bank levies, wage garnishments and asset seizures for the whole 20 years. Even if you have nothing TODAY - you're bound to acquire something in those 20 years and they WILL pounce. Forget getting a house, as soon as they see you're mortgage shopping, you'll be toast on a stick.

Soooo.. you keep your head in the sand.. don't ever get a job so they can't garnish wages, never use credit or they'll see you have money and will be nailing you, never BUY anything of any value - they'll see that and take it from you or put a lien on it.

[ablessin]

I agree with Lady - if you're too uninterested and too damn lazy to correct your credit file then you deserve whatever the future holds for you.,

She is right - if there is a judgement out there - you'll NEVER get squat. You might as well drop out of college now because you're never going to get much from life....
And yes, as soon as you get anything worthwhile in a bank account, they will know.

If it's TRULY NOT YOURS - you should be fighting like HELL to get it removed from your credit file!!!!!!! Why on earth would ANYONE let that go?

[ablessin]

Hell - since you don't give a damn about fraud on your file, give me your SSN and I'll get a charge card and get some stuff that I've been wanting

[cartillo]

Originally Posted by Ladynred

The ostrich syndrome.. stick your head in the sand and igore everything, hoping it will ALL go away. Uninterested and lazy - typical GenX'er

Guess what kiddo, if you were sued in NY and they have a judgment, that judgment is enforceable for TWENTY YEARS !! It CAN stay on your credit report that long too, so it will be a LONG time before you recover from THAT hit. The judgment creditor can keep coming after you with bank levies, wage garnishments and asset seizures for the whole 20 years. Even if you have nothing TODAY - you're bound to acquire something in those 20 years and they WILL pounce. Forget getting a house, as soon as they see you're mortgage shopping, you'll be toast on a stick.

Soooo.. you keep your head in the sand.. don't ever get a job so they can't garnish wages, never use credit or they'll see you have money and will be nailing you, never BUY anything of any value - they'll see that and take it from you or put a lien on it.

thanks all for replying. so, what if i'm self-employed and work for myself, what can they do? what if i go back to my native country and take my US degrees with me to help me get a better job there and then buy a nice house and car there that are out of their reach?

[cartillo]

or, what if i stay here and get married and just put my house and car and everything in my spouses name? they can't attach that, can they?

[Tayla]

Originally Posted by cartillo

or, what if i stay here and get married and just put my house and car and everything in my spouses name? they can't attach that, can they?

Gosh...and WHAT IF you actually researched these questions that you expected OTHERS to supply for you? Why I reckon you'd have actually learned something. Stay away from marriage...its for people who arent lazy

[Ladynred]

what if i'm self-employed and work for myself, what can they do?

What can they do ?? PLENTY !!!
When you're self-employed, ALL of your income is considered 'receivables', so they can take it ALL - not just the 25% they'd get on regular wages. Lets see you live on NOTHING.

what if i go back to my native country and take my US degrees with me to help me get a better job there and then buy a nice house and car there that are out of their reach?

Aahh.. a deadbeat foreigner no less !!!

Do you really think in this day and age of INTERNATIONAL BANKING they can't get to you ? There have been at least 2 people here lately, both from foreign countries. They left debts in their native countries - guess what, the collectors chased them all the way to the US and were SUING them under US law !!

As for marriage, I agree with Tayla.. if you're too lazy to fix your credit, then you'll never make it in a marriage. Marriage is WORK !