Check out number 12 he
http://www.bankrate.com/brm/news/cre...hs-reports.asp



Todd Rich wrote in
:

Glen wrote:


It doesn't matter if there was anything on the check you cashed or
not. They can still put your credit so far in the hole that it can
take a long time to get out of it. Plus they can turn it over to a
collection agency who can keep it on your credit report for the rest
of your life or 'til you pay them what they say you owe by then.
Interest continues to accrue over that long time.

Seven year, max, in California. (Not sure about the other 49)

In most cases they can only win judgements against you for 4 years,
but they can keep it on your credit report for 7. The statute of how
long they have to file judgements varys by state, but the 7 years on
the credit report (with a few exceptions like student loans,
bankruptcys) is federal.

Glen

Bob Muir wrote:
Check out number 12 he
http://www.bankrate.com/brm/news/cre...hs-reports.asp

Check out the statue at http://www.ftc.gov/os/statutes/fcra.htm
specifically at 605 and tell me where they get to place information back
on for more than 7 years without a prior judgement, or reaffirmation of
the debt, or the specific exemptions listed?