How Long is a Debt Valid?


If you want to know how long a debt is valid, it's until the debt it paid. Although it might be removed from your credit report after seven years, the debt can still be collected.
1 Additional Answer
A debt is valid for up to seven years. Once you finish making all of your payments on the debt, it should be deleted from your credit report. If it's not deleted, you can contact the credit agency and have it removed.
Q&A Related to "How Long is a Debt Valid?"
The debt collections industry is now a $90+ billion industry. According to the Bureau of Labor Statistics, the debt collections industry is expected to grow by 23 percent between
1 Find any information you have in your own records about the supposed debt. You may not have anything, but if you do, you may be able to use it to your advantage down the road. This
The answer depends on what state you live in. Here is a web site which shows the time period when debts expire, by state: http://www.bcsalliance.com/y_debt_sol.html
What is debt validation? Debt validation is a process of confirming that a creditor claim against you is even valid. A creditor may be past the statute of limitation in terms of
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