bynam asked:


I have atleast 4 major credit debts that was in the early 90′s i thought bad debt only remains on your credit for no longer than 7 years its almost over 10 years but they still show up on my credit reports. Is there anything I can go legally to take those off my credit history, Specially now that I am trying to rebuild my credit.

lola asked:


When a creditor listed on your credit report list a bad debt as being written off by the bank does it mean the obvious? Is that debt being written off as a loss to the bank? Please answer only if you work, or have knowledge in this field, or if this has happened to you. No guesses please.

Nitha asked:


One of our co – worker cried about his family problems like mother’s ill health, son’s education etc etc and asked a good amunt of money as help on returnable basis.

However, after getting his share of help, he became unresponsive and slowly it is turning into bad debt.

The worry is the change in our perception to help other people bcos of his bad habit of not paying the dues on the time. Hence to safeguard self, this question.

We have decided not to argue, ask and confront him.

Willow22 asked:

I have heard bad things about debt consolidators. The gov’t has a program to help but I don’t know how to find them – any ideas?

Brad asked:

Say somebody has X amount of credit card debt, then they die but still have that debt to the credit card company outstanding, what happens? Does the company have to write it off as bad debt or ? Perhaps the company can hit up that person’s estate. But let me pose another question then – what if that person’s estate does not have enough money to cover that credit card debt.

eluke asked:


I have some bad debt on my credit report that is older than 10 years. How can I get them to remove it so it does not show anymore?