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.
Depending on the size and type of debt, the collection agency may require full payment of the debt, agree to take a portion of the debt or allow you to make payments to settle your charged off account, according to Bankrate. How Long Does a Charge-Off Stay on My Credit Report if I Don't Pay? A charge-off remains on your credit report for seven years. The seven years does not begin when you pay the debt in full; it begins when the account was charged off.