What are some financial life-hacks everyone should know? (lemmy.world)

submitted 2 months ago by cll7793@lemmy.world to c/asklemmy@lemmy.world

119 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[-] czech@lemm.ee 7 points 2 months ago

You sure about that? I have a friend who thought that too but found out 7 years later that only a bankruptcy will disappear after 7 years, not just idle delinquint accounts. He needed to actually file for bankrupcy to make it go away. This was in Usa, NY; maybe it's different other places.

As a second "data" point: I have some accounts on my credit report that have not been touched in a decade+ yet they are still there (they are not delinquent).

[-] acchariya@lemmy.world 2 points 2 months ago* (last edited 2 months ago)

Delinquent accounts without payment can be removed from your credit report by disputing with the credit bureau, with the exception of FEDERAL student loans. Filing for bankruptcy and having that on your record for seven more years seems like the worst possible way to deal with it.

Edit: in the USA

[-] czech@lemm.ee 2 points 2 months ago

What are you disputing? You can dispute inaccurate or fraudulent marks on your credit.

[-] Rhynoplaz@lemmy.world 2 points 2 months ago

I don't know why those situations didn't work out, and without more details, I won't bother to guess, but yes, I am sure because there's a few utility bills and two credit cards with a couple thousand each from about 20 years ago that are no longer a problem for me.

[-] czech@lemm.ee 2 points 2 months ago

That's awesome! Just wanted to get you to take a second look in case you were as diligent as my friend but it sounds like you're right, then!

this post was submitted on 23 Aug 2024

89 points (96.8% liked)

Ask Lemmy

26890 readers

888 users here now

A Fediverse community for open-ended, thought provoking questions

Please don't post about US Politics. If you need to do this, try !politicaldiscussion@lemmy.world

Rules: (interactive)

1) Be nice and; have fun

Doxxing, trolling, sealioning, racism, and toxicity are not welcomed in AskLemmy. Remember what your mother said: if you can't say something nice, don't say anything at all. In addition, the site-wide Lemmy.world terms of service also apply here. Please familiarize yourself with them

2) All posts must end with a '?'

This is sort of like Jeopardy. Please phrase all post titles in the form of a proper question ending with ?

3) No spam

Please do not flood the community with nonsense. Actual suspected spammers will be banned on site. No astroturfing.

4) NSFW is okay, within reason

Just remember to tag posts with either a content warning or a [NSFW] tag. Overtly sexual posts are not allowed, please direct them to either !asklemmyafterdark@lemmy.world or !asklemmynsfw@lemmynsfw.com. NSFW comments should be restricted to posts tagged [NSFW].

5) This is not a support community.

It is not a place for 'how do I?', type questions. If you have any questions regarding the site itself or would like to report a community, please direct them to Lemmy.world Support or email info@lemmy.world. For other questions check our partnered communities list, or use the search function.

Reminder: The terms of service apply here too.