What does the letters Kiss stand for in the rock group? According to Paul Stanley, Kiss just sounded dangerous (kiss of death) and sexy at the same time. Kiss denies the rumors that the name stands for Knights In Satans Service o â¦ r the saying Keep It Simple Stupid.
The default will stay on your credit report for six years from the default date, so it should disappear sometime during 2012. While lenders tend to concentrate on your most recent credit history when assessing new credit applications, a four-year-old default might still cause you problems.
-- Mary Dear Mary, A charge-off listed on your credit report simply means the lender has reported the debt as a loss. This is done for the lender's tax purposes. Paying a charge-off doesn't get it removed from your credit report. It just lets future creditors know you've made good on that loan. It remains on your credit report for seven years plus 180 days, calculated from the first nonpayment.