Do I Have To Pay Accounts Removed From A Credit Report

🔮 (edited from live). Today we're talking about whether or not you have to pay back accounts that were removed from a credit report and this may actually surprise you. Join the mentorship at https://sendmeto.co/mentor-charter for credt repair or get a free credit sweep consultation at https://my740.com You may now check out my video call options including a credit report review and "Ask Me How" services at https://superpeer.com/askkristin SUBSCRIBE TO MY CHANNEL 🔮 https://www.youtube.com/c/Ask-Kristin?sub_confirmation=1 ✨ Check out all 3 credit reports and scores with the same credit monitoring I show in my videos and use for my clients with SmartCredit https://smartcredit.com/VargasConsulting/ or IdentityIQ: ✨ https://member.identityiq.com/help-you-to-save-money.aspx?offercode=431134PT 🧙‍♀️ GET HELP WITH YOUR CREDIT JOURNEY DIY awesome free tools, tutorials and downloads - https://vault.my740.com 🦸‍♀️ DFY credit sweep service free consultation 🦸‍♀️ https://my740.com Let's jump on a call and see if I can help! ⭐️ Video Notes: If you have negative items on your credit report and you remove those negative items, do you still have to pay for houses, more loans, more vehicles more this more than that? And the answer to this is, yes, 100%, you are still liable for that debt just because something is first on your credit report, and then it is not on your credit report does not mean that you no longer owe the debt. Now, if we just think about this in regular terms, then it'll 100% make sense, save $100,000 student loan on your on your credit report, and you remove that $100,000 account. Now, if you think that you can just go to you know, dry, or Stanford or Harvard, you can just remove it from your credit report, and then not have to pay for it, you are just straight up out of your mind. And you know what, it's okay, if you thumbs down, it's okay, if you do ever go out and get a house or a car, I barely even get a thumbs up or a like or a comment or companies report to a credit report, right. But they can all take you to court if you don't pay for something, regardless of whether it's through an attorney through a collection agency. And of course, you may have come after you. So am I telling you that you're gonna get sued? Absolutely not, that is not what we're talking about today, we're not talking about legitimacy, we're not talking about any of those things. But we are saying that you have to keep it at the forefront of your mind that the deletion of something from a database means that the account was removed from the database, right, your credit report, but it still exists with the data furniture, okay? If I go to the hospital, and I get it removed from my credit report, and obviously don't pay for it, it doesn't mean that that $35,000 that they needed to pay the doctors and you know all the things and anesthesiologists, it doesn't mean that I no longer have to pay those people I do and they can sue me if it is within the statute limitations for my state. So where I'm at right now, it is four years from state it is 15 years. So you have to be cognizant or aware of how long it is for your specific state. Or if you moved then the state where you had your debts originate in okay, you're probably going to want to go and look that up it were like that, just come on, use common sense here. That would basically mean they can go out and get hundreds of 1000s of dollars wherever hard money, cash, you can get loans, you can get credit card houses, more loans, more vehicles more this more than that, and consequent less, right. You are a data French or if you're a lender, if you are a bank, you are no longer going to want to do what lend right. Because there are no consequences. People can just obtain not pay remove it. And you know what, no one goes to jail. No one's getting in trouble. No one's no one's doing anything or having anything happened. Because it is just a cycle where this happens over and over and over again, don't you think that lenders would stop lending, people would start going to jail, there's a threat to the system. They obviously make rules and regulations that make it so that you know, you can't do stuff like that. I mean, as awesome as that would sound that hey, I don't have to pay for my bills, right? I can go to Best Buy with my best buy credit card and buy all the computers and cameras in the world. Not pay for it, lead it from my credit report. And then once it's awful out and get something else for like fries or pewter store and just do it all over again. That would be awesome. However, number one, that's not legals. Number two, that's not going to happen. Number three, it is not happening, it never did happen.