2006-10-02 05:19:21 · 12 answers · asked by detaildannyallen 1 in Business & Finance ➔ Credit
7 years.
2006-10-05 17:04:36 · answer #1 · answered by Anonymous · 1⤊ 1⤋
About 7 to 10 Years.
2006-10-02 05:21:38 · answer #2 · answered by You Don't Know Me 1 · 0⤊ 1⤋
Most 'bad' things, 7 years
Bankrupcy, 10 years usually
According to where I order my 3 reports, collections will be on there for "6 1/2 years after the ORIGINAL debt was 180 days delinquent"-- so in other words, if one of your debts gets referred to a collection agency 3 years after the fact, they cannot keep the account on file for another 7 years....it stays seven years TOTAL.... keep that in mind!
NoSunHere: Not true about it ticking when its is reported-- it will not AUTOMATICALLY Fall off until then-- but if you can prove the debt is 7 years old, you can dispute it and have it removed.
2006-10-02 05:28:34 · answer #3 · answered by Anonymous · 0⤊ 1⤋
Negative information will stay on your report for 7 years AFTER it is first reported! However, if you owe a bad debt today and some company chases you around for the next 10 years and they never put it on your report until 10 years from now, that is when your 7 years will start ticking. Keep that in mind when calculating.
2006-10-02 05:27:47 · answer #4 · answered by Zelda 6 · 0⤊ 2⤋
Consumer credit: 7 years
Judgments, tax liens, Chapter 7 bankruptcy: 10 years
Chapter 13 Bankruptcy: 13 years
2006-10-04 19:59:15 · answer #5 · answered by supercreditguru 3 · 0⤊ 1⤋
That actually depends on what type of credit it is, many items stay on for 7 years but the amount of time actually differs for different forms of credit. Check out http://creditwisdom.blogspot.com/2006/09/credit-report-timeline.html for a timeline.
2006-10-02 05:42:57 · answer #6 · answered by Anonymous · 0⤊ 1⤋
I guess we have lots of answer here, but the truth is:
6 years AFTER the last day of report to the credit report by creditor. and it won't erase automatically, you client MUST call to remove manually if its a bad credit.
2006-10-02 15:48:59 · answer #7 · answered by davidkwankwokfai 3 · 0⤊ 1⤋
Typically 7 years. The lenders have the option of renewing that thought. Some can stay on your record for 10 years.
2006-10-02 05:22:17 · answer #8 · answered by Eric S 3 · 0⤊ 2⤋
I dont know where you are but here in Australia its 5 years for basic debts and 7 years for things like bankruptsy
2006-10-02 05:22:04 · answer #9 · answered by ♥Kazz♥ 6 · 0⤊ 1⤋
The old saying "7 years" is still true...but if you have extenuating circumstances ( divorce...death of spouse) then creditors may extend you credit with a penalty of higher interest.
Good Luck.
2006-10-02 05:22:34 · answer #10 · answered by samantha h 3 · 0⤊ 2⤋