if you have been in debt how long does it stay on your credit record?

Question

i here some thing about about six year periods is that true

Answer 1

Any adverse info. like default in paying a bill or credit card etc. or a CCJ lasts for 6 years and then it is wiped off.
If you clear the debt within the 6 years it still stays on record but is wiped clean after 6 years.
Experian is the biggest agent holding this info. and for £2.00 you can get a full list of what is recorded about you.

Answer 2

4 to 5 years

Answer 3

7 years

Answer 4

The Fair Credit Reporting Act, Section 605, states that accounts that are charged-off or sent to collections (internal or to a 3rd party) must be removed after 7 years. The 7 years starts 180 days after your account first becomes delinquent and is never brought current.
Judgements are taken off 7 years after the judgement has been paid. Tax liens are also 7 years.
Bankruptcy lasts the longest, 10 years.

Answer 5

It will stay 7 to 10 years. Call at the 7 year point and ask them to remove it..There are 3 credit records.

Answer 6

Debt doesnt really matter as long as you clear it or attempt to clear it, bankruptcy lasts about 6 years or until you are discharcged which can be sooner. Most organisations have to keep financial records for 6 years plus the current financial year

Answer 7

6 years!

Answer 8

7 years of a collection debt.

Answer 9

yes, that is true. 6-7 years

the longer after the debt, the less it hurts your credit score.

Answer 10

It is usually 6 years from the date of judgement or date of entry of bad debt. xx