2006-12-21 06:05:28 · 5 answers · asked by JAPSUKI 1 in Business & Finance ➔ Credit
A charge off takes 7 1/2 years from last payment.
Bankrupcty takes ten years.
Other things like late or missed payments, will drop off more quickly.
2006-12-21 06:08:53 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Norm across the board.
7 yrs for late payments.
10 years for Chapter 11 bankrupcy, 7 yrs for Chapter 13 bankrupcy.
It all varies state to state though. In New York, late payments only stay on your record for 5 years.
2006-12-21 06:12:34 · answer #2 · answered by Blicka 4 · 0⤊ 0⤋
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2016-10-15 09:29:13 · answer #3 · answered by ? 4 · 0⤊ 0⤋
It usually takes about 7 years, always make sure to check your credit report often just in case there might be error in your credit report. For Free advices and tips on how to raise your credit score, loan sources, go to http://www.hotloansources.com
2006-12-21 07:03:57 · answer #4 · answered by theworld 1 · 0⤊ 0⤋
7 yrs from date of last activity (last payment)
10 yrs from discharge if it is included in a chapter 7 bankruptcy
5 yrs from discharge after a chapter 13 bankruptcy
2006-12-21 06:27:45 · answer #5 · answered by Anonymous · 0⤊ 0⤋