ANSWERS: 3
  • As long as it takes you to pay it off:-)
  • A monetary debt lasts until it's paid with interest. But there are other kinds of indebtedness we feel toward people who've changed our lives, helped us when we were in need, etc., that last a lifetime.
  • Being as this is entered under Finance, a debt lasts until it is paid in full (with interest). If you are asking how long it appears on your personal credit report, it will linger on your credit report (settled or not) for up to seven years (some States' Statutes of Limitations are less). HOWEVER, if a collection agent re-ages the account, the clock is reset and, in theory, it can remain active infinitely, until paid. Here are more interesting debt facts ... http://MechanixOfCredit.info/pages/MC_junkdebt.html

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