If you win the jackpot, you will have to make many decisions about how to spend your money. But first, you have to choose between the annuity or cash options. Jackpot winners have 60 days from the claim date to select either the 30-payment graduated annuity or the cash option.
Defaulting on a loan, having a car repossessed, or making a late payment all stay on your credit reports for the same amount of time when the borrower reports them. All negative marks including repo (except a bankruptcy) stays on your credit report for seven years. A bankruptcy stays on your credit file for ten years. Repossessions also have a much more severe impact on your credit score than just missing a payment or paying late. Repossessions and defaults carry severe penalties to your credit score and can reduce them by one hundred points or more in one swoop.
Best Answer: Past due accounts remain on the credit report for no more than 7 years starting from the date you went delinquent (Stop Paying) Credit agencies sometimes get the starting date reported wrong from the creditor. A bankruptcy will remain on credit report for 10 years, from date of discharge.If you apply for credit and they check your record, it will stay on you credit report for 2 years.ven if a delinquent account has been paid it can remain on the credit report for 7 years 180 days from the date of first delinquency. Paying the debt is not grounds for removal. You should have negotiated a pay for delete agreement. Daryl G I know what I am talking about.