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.
Even if you choose to not pay the collection, it must fall off your credit report after 7 years + 180 from the date of last delinquincy, as reported by Bank X. To sum up, when your original debt from the original creditor turns 7 years old + 180 days, it will come off of your report. The collection account must also come off of your report with it.