Two related questions.
If an unsatisfied credit card debt (collections, etc.) is older than 7 years and is not appearing on a credit report, does it still need to be listed? One would technically still be delinquent more than 7 years later even though collection efforts have ended, but it’s no longer visible on the credit report. The form asks for delinquencies within the past 7 years. Does this still qualify?
The form also asks… “In the last seven (7) years, you were over 120 days delinquent on any debt not previously entered?”…
A disputed debt over unpaid college tuition dates back to 2012, and seven years later would be 2019. The college has not reported the delinquency to the credit bureaus, but they put a hold on the account (no transcripts, etc.) until the debt is paid. If this debt were paid today to get rid of the hold, would this debt be “120 days delinquent in the last 7 years” and need to be entered into the form? Or is the 7-year delinquency period calculated from the date of first delinquency in 2012, hence expiring in 2019? Guessing this date would not change even if the debt were paid now, similar to dates of first delinquency for credit card debt on credit reports. Would this need to be reported on the form if it were paid now?