2006-06-27 16:25:24 · 6 answers · asked by C R 1 in Business & Finance ➔ Credit
Seven years, for example, bankruptcy.
2006-06-27 16:38:08 · answer #1 · answered by Patriarch 2 · 0⤊ 0⤋
Deragatory credit information can stay on your report for as many terms as the creditor wants. At the end of 7 years if the balance is not satisfied, the creditor can request it to post 7 more years. This usually does not happen, since companies only look at the previous 5 years on your credit report. You may contact the credit reporting services and dispute it. If it is not paid, for what ever reason, it will usually stay on your credit report.
2006-06-27 16:42:20 · answer #2 · answered by numberfourfelske 1 · 0⤊ 0⤋
For general credit, credit cards etc - 7 years + 180 days from date of first delinquency that leads to the charge off, when the account was never brought current.
Credit bureaus usually delete somewhere around the 7 year mark even though they can legally report for an extra 180 days.
Bankruptcy, judgments, tax liens etc is 10 years.
Creditors and collection agency's CANNOT re-age accounts and report for a longer time than specified in the FCRA. If they do, it violates your rights.
2006-06-27 16:57:59 · answer #3 · answered by echo 7 · 1⤊ 0⤋
Bankruptcies are up to 10 years, most agencies do 7 years.
Payment history is I think 3 years.
2006-06-27 16:29:02 · answer #4 · answered by csucdartgirl 7 · 0⤊ 0⤋
I believe 7 years.
2006-06-27 16:28:28 · answer #5 · answered by dm_dragons 5 · 0⤊ 0⤋
7-10 years. You can always pay them off but it barely affects your score. Those marks would then be taken off your report.
2006-06-27 16:57:07 · answer #6 · answered by PlasticTrees 2 · 0⤊ 0⤋