Does a bill go away after so many years if u dont pay it?
Answer:
the only ways to make bills go away are to pay them or file bankruptcy. the latter will destroy your credit and it will take years to fix it.
I'm sure we all wish that was true.
No, bills never go away. The more you keep ignoring it, the worse it will get. It might even affect your credit and when that happens, you're screwed.
not really but it will show up on your credit report
Some bills do. Say if u have a old hospital bill and they never try to collect except through mail it should be gone in 5-7 years or so but I'm sure that not all bills are like that. Alot of offices just right it off though.
sadly no it only makes your credit score bad
after enough years you will eventually die. for all practical purposes you can consider that the bill has gone away.
most likely not.
In most cases, an unpaid bill will drop from your credit report 7 years after there was any activity on the account. The bill will exist however you can take steps to make sure the collection efforts stop.
There are Statute of Limitations guidelines for each account owner. In most cases a bill must be persued in court on or before 4 years of inactivity has passed. Once the statute of limitations has passed, the debtor can be in violation of the Fair Debt Collection Act if they continue harassing efforts to collect the debt
It is a good idea to dispute any collection letter immediately.
The creditor must acknowledge your complaint in writing within 30 days after receiving it, unless the problem has been resolved. The creditor must resolve the dispute within two billing cycles (but not more than 90 days) after receiving your letter.
I have provided a helpful site below with detailed instructions.
What ever happened to integrity? You incurred the debt, what's wrong with honoring your promise to pay?
You may be lucky
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