If the path of the earth around the sun doesnât have any affect on the seasons, what causes seasons? As the earth revolves around the sun, it also spins around its axis, which is tilted at an angle of 23.5 degrees. It is this tilt in the earthâs axis that is responsible for creating seasons in the hemispheres.
Accounts to a debt collector are reported to the credit bureaus as being charged off or sold to a debt buyer. The debt collector then reports the debt as a new account that is added to your credit history. The original account and the collection account can stay on your credit record for up to seven years, at which time both are removed. The Nolo website says you may be able to get collections removed early as part of a payment agreement with the debt collector, or the original creditor if the debt hasn't been sold.
Collection accounts can remain on your credit report for up to 7 years. Even if you pay it in full, itâs still considered a negative account and will stay on your file as a âpaid collectionâ for 7 years. A collection account is also separate from the original creditorâs charge off account that will more than likely also show up on your credit report.