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credit card forgiveness
How many years does it take for old debt to fall off of your credit score?... I understand that you have to pay the IRS for the amount that the creditor reports... where I have to claim it as income.

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It is seven years to disappear. You should get a 1099 from the IRS unless you strike a deal for under $600.00. Some credit cards may not bother sending a 1099 but don, t count on it.

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IF IRS considers it income, you will be sent a 1099 (whatever letter classification they use) to file with your taxes.  If you don't receive one by March of the year you are filing, don't sweat it.

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7 years from the date it was reported delinquent. First I've heard that you have to pay the IRS..... Do some research....

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