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nowaytrue

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My credit cards are 7 years old now law free me

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Credit cards

Is there a law that says your credit cards are more than 7 years old creditor have to relase you

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Most negative accounts will remain on your reports for seven years from the DOFD (date of first delinquency). This date is usually one month after you made the last payment on the account before it charged off. If in doubt you can contact the credit bureaus and ask when the account is scheduled to be removed. The time frame that you are legally on the hook for the debt is separate of the seven year reporting time, this is known as the "statute of limitations" this varies from state to state, so you will need to look it up. Please take the time to read all about this and all about credit, it should be helpful for you.

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