Quote:
Originally Posted by 2cnd chance
They should fall off you credit report after the 5th year. If you pay something now the five years start over under paid but paid late. Check your personal situation through a professional.
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Never heard this before..if that were the case, i would imagine every 5 years different markets would see rushes of sales, only to be repossessed/ forclosed etc etc..but who knows..thats news to me.