The difference between science-based medicine and CAM There is a huge difference between science-based medicine (SBM) and so-called âcomplementary and alternative medicineâ (CAM) or, as itâs increasingly called, âintegrative medicine.â
The only positive in this situation is that in September, the collection account will be removed from your credit report, which should boost your credit history. The judgment should also be removed from your credit report seven years from the date it was entered. The bad news is the judgment will still be there, even though you can't see it on your credit report, lurking in the shadows, waiting for the worst possible time to leap out and surprise you.
At that point, you STILL owe that remaining balance. And that credit report time doesn't start until AFTER you pay that remainder off, with interest. So, if it takes you four years to pay it off, you still have that repo on your record for another 5-7 years. It can make life miserable. No such thing as a voluntary repossesion, just because you gave the guy the keys means nothing. It stays on your credit report for a while unless you dispute it and have it removed. It stays on for 7 years. Usually 10 years if the lender posts it to your credit record.