The number you are porting must be active with your current service provider. The port-in process typically takes a few hours to complete, but could take as long as 2 business days or longer for landlines. If your TracFone service remains inactive over 30 days, you will lose your telephone number.
Collections & Your Credit. As far as Daveâs credit reports are concerned, these debts canât be reported forever. Collection accounts may be reported for seven years plus 180 day s from the original date of delinquency â the date he first fell behind with the original creditor.
Steve, the charge-off will remain on your credit report for seven years. The Fair Credit Reporting Act states that negative items will stay on your credit report for seven years from the first date of delinquency resulting in the charge-off. Typically, a debt is charged off once it is delinquent for 120 to 180 days.The original time frame for a loan -- such as five years, in the case of a car loan -- has no bearing on the length of time the delinquency will be reported in your credit file.ther actions can affect the clock in some states, so be sure you understand your state's law.To sum up, credit reporting laws pertain to how long an accurate negative item can be reported on a person's credit report, and statute of limitation laws apply to how long a debt can be legally collected using the courts.