If you purchased a single-user license for an edition of QuickBooks, your license entitles you to install the software on a total of two computers, provided that you own both systems. These two installations enable you to work at your office on one system and continue your work at home on another computer.
When collections first show up on your credit report, you can expect your credit scores to drop anywhere from 50 to 100 points depending on how high your credit was to start. In general, the better your credit, the worse the hit will be. Over time, the collection account will affect your credit less and less.
They can try and collect for 7 years before it falls off your credit report. If you file bankruptcy, then it'll stay on your credit report for 10 years. If you have a student loan ... this will never fall off your credit report and you WILL have to pay it. Trust me, I've been going through this for 4 years and my credit report says that my delinquent credit card accounts will fall off in 2011. After that, collection agencies have to stop calling and harrassing you ... and they can no longer collect. J Â· 9 years ago.