How long does information stay on a credit report?

Answer 1

As the others said 7 years for regular, closed, credit account, 10 years for bankruptcy. (if an account is closed and is in good standing when closed, it "might" remain indefinately)

One poster mentioned that the reporting period can be re-aged by collectors - not true
It is illegal to re-age a negative account. A person has a legal right to sue if an account is re-aged.

Answer 2

This depends on what the information or credit reported. There are statue of limitations for some information, but good information will stay on for as long as the account is active. You may want to go to www.genesiscreditgroup.com to obtain a more complete answer to your question.

Answer 3

7 years

Answer 4

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RE How long does information stay on a credit report?

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Answer 5

They say 7 years but what I have learned is that a collection agency can sell your account to another agency and then your 7 years start over again. I.E if you opened the account in 1997 it went to a collection agency in 98 and you never paid it then that agency can sell the account to another agency and your 7 years will start over from the date and year your information was sold.

Answer 6

Typically 7 years for closed accounts and 10 years for a bankruptcy.

Answer 7

The usual rule of thumb is seven years.Avoid creating bad credit history because it can haunt you for a long,long time. I worked in a credit dept. and saw how the road back is very difficult.

Answer 8

i'm assuming you prefer adverse or derogatory preparation bumped off, yet you probably did no longer say what style of steerage. no count if that's a charged off account (like a mastercard), what are your plans? Do you owe somebody money, and characteristic they been paid? Are those unpaid judgments, a financial disaster, etc? If the preparation you prefer to do away with is from an older account that became offered by using a credit business enterprise, be careful approximately contacting them, by way of fact each and each time an account is re-elderly the 7 12 months clock starts lower back. So be careful approximately acknowleding to any credit that a debt is yours. creditors won't be in a position to legally restart the seven-12 months clock by using "re-becoming older" the debt (giving it a clean delinquency date) or by using merchandising it to a distinctive business enterprise. yet, this occurs perpetually and fairly some individuals are unaware that this occurs, and are not conscious that some series businesses willingly destroy the regulation. while you're extra particular approximately what you're attempting to do away with, enable me understand. good good fortune.

Answer 9

loans,credit cards,ect take 7 years to be removed after u have paid them off in full