Quote: Originally Posted by FiveParadox
The member above said that only five months of the contract have elapsed... with thirty-one months left to go. Thereís no way that TELUS would have self-terminated the contract in that timeframe unless the account was defaulting, in which case $200 is the least of the memberís problems.
And on a more positive note,
, donít items of credit (good or bad) on your credit report automatically clear at seven years? (Iím pretty sure thatís how it works, but Iím still a bit murky when it comes to credit stuff.)
I'm very aware of what he said and from what he says, I think he's in arrears and they have called in his contract. He's searching for a way out of paying the bill and I understand his frustration because it's hard to make yourself pay a bill you don't feel you owe. The problem is, if they do the same as they did with me (co-signer), they continued to add interest on top of interest until the amount owing was huge. If he doesn't deal with this, probably the same will happen.
If you want to believe that your credit clears after seven years, just check it out. Anything bad reported on your credit stays forever. It is never cleared unless you clear it yourself and you have to prove it should be cleared. It's good to check your credit. At one time we checked ours. Anyone who wants to can add crap to your credit report. Someone reports a name and on it goes. We went to a bank once for a small loan and we were treated like trash. We were totally embarrassed and could not understand why the fellow treated us so poorly. We had a look at our record. There was stuff on our name from places we had never lived and had never been to. They don't care what they add to your name so before any major purchase such as a mtg, make sure your ducks are in a row. My husband has a fairly common name so he was on the phone for close to two hours clearing things up. Never ever think your credit is clear until you check. Just to give you an idea, I queried my husband's name on facebook. There are six pages of people with the same name. Mine is different so there is only a few of "me".