Consolidating student loans hurt
—Jennifer When you first miss payments to a creditor or lender, you will see lat pays show up in 30 day blocks of time on your credit report.
If the accounts remain unpaid long enough, those 30 day incremental late pays turn into a charge off reporting on your credit.
Legislation was passed in 2011 that changed the SOL from 3 to 6 years in Arizona.
Given the information you shared about 2007 being the earliest date of last payment, your debts may/may not be off of the current debt owner’s radar.
So I have debt from store lines of credit to a bank credit card.
I haven't paid on them since at LATEST December 2007.
The exception would be if you got sued for collection and ended up with a judgment over one or more of the debts – which would show in the public records section of your credit report for 7 years from the date judgment was entered in the court.
Do collection accounts get removed from my credit reports after 7 years?
When your accounts get this far behind, it is standard to have the account placed with outside collection agencies repeatedly.
Many creditors have practice of selling off debts that remain unpaid long enough, to debt buyers.
I viewed the information online through a credit score tracking website.
I read a lot of comments and researched online somethings.