How Long Old Debt Fall Off My Credit Report?
Debt is a burden that can be hard to get rid of if not paid timely. There are timelines attached to
every debt. The same applies to loans taken a long time ago. Unpaid loans do not
vanish on their own accord. They need to be paid to continue with a new line of credit.
Old debts that haven’t been paid may result in a bad credit score. If you apply for short term
Or long term loans, your financial background and account would be checked against a credit score. This
score determines whether you have sufficient credibility to repay the short term loans or long-
term loans are taken from the borrower.
Fortunately, debt collections won’t reflect on your credit report all your life! After a period of 7
years, it would be wiped off from your credit r...