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).
Under the Fair Credit Reporting Act, the credit bureaus can report debts on your credit report generally for seven years and in a few cases, longer than that. Under state laws, if you are sued about a debt and the debt is too old, you may have a defense to the lawsuit.nder the Fair Credit Reporting Act, the credit bureaus can report debts on your credit report generally for seven years and in a few cases, longer than that. Under state laws, if you are sued about a debt and the debt is too old, you may have a defense to the lawsuit.