When I turn Laptop on, after a little while say 10 minutes the screen turns black and loses almost all color but the rest of the computer works fine, any thoughts?

Hi,
I,d assume its an actual Monitor panel Fault. if the laptop is as the above specification. it,s quite old. therefore i,d suspect the tft ( screens ) Inverter Board is overheating, or The cfl ( laptop screen tube ) is on it,s way out. A new or replacement screen may solve this. But before you spend any money as screens can go from £80+ Or $160. You may have a motherboard component overheating, and shutting the display panels voltage down. unfortunately when these get to a certain age, you have to ask yourself, if it,s worth spending money on. When you can pick up a good second hand laptop cheap enough.

Hope this points you in the right direction.

Mike @ compurepair.