By RAYMOND H. ANDERSON. Published: June 4, 1989. The life of Ayatollah Ruhollah Khomeini was so shadowy, so overlain with myth and rumor, that there was lingering disagreement or uncertainty about his ancestry, his true name and his date of birth.
Paying off your debts is the most important step in reestablishing your credit history. Lenders, including credit card providers, usually update your account information once a month. For that reason, we suggest you allow a minimum of 30 days and up to 45 days for the account information to be reported.
Rating Newest Oldest. Best Answer: It will drop off, 7 years from the date it hit collections. It will still show up on your credit report, until that date. The only difference is it should show a $0 balance, and a status of paid in full. You need to check your credit reports to make sure it shows as paid.