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confused
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Posted by jimbo
on December 18, 2000 at 00:36:02:
I'm confused about something.Now from what i understand after
7 years negative info, such as charge offs falls off your credit
file. If this is true, then what is the point in paying them
off if you reach the seven-year limit.The reason why I ask this
is because I have some charge-offs
that went on my file in 1996, It's just about 2001 now, so that
should mean that in 2 more years my file should be clear. If this
is true does that mean I will have a fresh start? In two years,
how will this affect me with regards to getting a loan for a car,
getting a cell-phone, etc. In my situation what is the best thing
for me to do?
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