It is now 7 years old, acquired in my name when with my ex (he used this card, never helped pay)I now receive no support but,I am thinking of buying my home in two years. How should I handle this old debt? I may be able to pay it off within two years but, would be very hard with supporting me and child alone.
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For the sake of your credit, you really should pay off the account. But if you can prove that he used and benefited from the card, you can sue him in small claims court. No guarantees, but it's really the best advice I can offer. And yes, it really sucks.
answered 2 years ago
I'm going to go through a dissolution of marriage here in the near future, I get my medical taken care of, but not by my husband, I'm Indian. He had a heart attack late in 05, the bill is about $100,000.00.
You should pay off your card, even though he didn't, because if you want a house, they will take it into account that you paid it, not him. In the meantime, you might be able to sue your ex for the money, but remember that the limitation might have past by now.
You have time to make all the payments, and if you stay on top of it, or make extra payments when possible, they will see that as a positive for your responsibility in staying on top of it. Be glad it wasn't the amount that I might have to look at, and wanting to start a restaurant too. Good luck.
answered 2 years ago
If you want a clear record on your credit report I think that you have to pay it.
answered 2 years ago
Take him to court for the child support and tell the courts you want his help paying it and good luck ,don't let him run your life anymore, do what you need to do to get ahead.
answered 2 years ago
I think that when you are trying to buy a house that your old accounts need to be paid. After 7 years it should be taken off of your credit report & if you try to make a payment, you debt has now become a new debt & will remain on you credit report for 7 more years. Get a credit report with all 3 tranunion, experian, equifax & dispute the account. Since it has been so long they should remove it from your credit report.
answered 2 years ago
I really think you should pay it off, if not your credit points will go down really quickly and go against you and go on your credit report.
answered 2 years ago
I agree with the poster who recommended contacting all three major credit agencies before making a payment. Debts disappear from the system after 7 years. If it is no longer in the system, then there is no point in paying it and hard as it might be to believe, making a payment now could indeed cause the entire debt to resurface on your credit reports just as if you had run up $5K of credit card charges in a single day. If it is on your credit report(s), then, yes, you still owe the money if the debt was in your name. However, I'm not sure why your ex is not paying child support--that sounds like an option to explore.
answered 1 year ago
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Seven years. But if you have an legitimate argument you can dispute it. Check out this link.
http://www.ehow.com/how_2198743_refurbish-credit-image.html
comment made by Willi493 7 months ago
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