Since a car with a rebuilt title has been in an accident severe enough to earn it a salvage title, you might think you should avoid it altogether.And you may be right. After all, such damage can be destructive to a car's structural integrity, even if repairs were comprehensive enough to earn it a rebuilt title.ince a car with a rebuilt title has been in an accident severe enough to earn it a salvage title, you might think you should avoid it altogether.
Once you get your credit reports, you can check to see which debts are still appearing. The rules for the reporting of debts can be found in the Fair Credit Reporting Act, or FCRA. The act states that most negative items must be removed from your credit report seven years from the first date of delinquency. Some exceptions to the seven-year rule include: Chapter 7 bankruptcy filings (10 years). Judgments (seven years or until the state statute of limitations expires, whichever is longer).
Reporting Problems. Some businesses provide information to the credit bureaus only when an account is past due â 60, 90, 120 or 180 days â or has been charged off and/or turned over to a collection agency. (A creditor charges off â or writes off â a debt when it decides it is uncollectible.)