2007-03-30 06:29:54 · 9 answers · asked by Travis W 1 in Business & Finance ➔ Credit
It sure is depressing to see so many people who don't research their answers. Sorry spiff, you too are a bit off with your answer.
OK, once again..lets all open our books to the Fair Credit Reporting Act...605(c)(1) and 605(a)(4)...(see below)
The reporting period is 7 years, beginning on the date of the delinquency. Not the last transaction date...not the reporting date...not the charge off date. And it makes no difference if they are paid off or not...they MUST come off after 7 years.
Bankruptcies, judgments, liens and other types of derogatory items are discussed in other areas of this act.
2007-03-30 14:20:53 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Bad credit items can stay on your report for different lengths of time. If you have a collection against you, it will stay on there for around 7 years. If you are part of a bankruptcy (depending on what kind) it can stay between 7 to 10 years. Im not sure about late payments made...it may also be around 7 years.
2007-03-30 06:42:55 · answer #2 · answered by chemicalcajun 4 · 0⤊ 0⤋
7-10 years
2007-03-30 07:00:08 · answer #3 · answered by Blondie 1 · 0⤊ 0⤋
Inquiries 2-years, lines of credit 7-years from last date of activity, bankruptcys 10-years from discharge date, collections 7-years & judgments 7-10 years.
2007-03-30 06:47:33 · answer #4 · answered by ? 7 · 0⤊ 0⤋
It depends on what it is but usually 3-7 years. But your best bet is to check your credit report quartely 3-4 months and see if there's something that maybe on it that you don't know about so that's really important that you check that periodically.
2007-03-30 06:53:53 · answer #5 · answered by Dr. PHILlis (in training) 5 · 0⤊ 0⤋
~Collections and charge-offs: 7 years
~Regular accounts: 7 years after the date of last activity
~Bankruptcies: 10 years
~Judgments & liens: 7 years or statute of limitation (in my state, if you have a tax lien and you pay it, it won't fall until 7 years AFTER it was paid)
~Late payments: 7 years
~Inquiries: 2 years
2007-03-30 07:29:01 · answer #6 · answered by YSIC 7 · 0⤊ 0⤋
up to 7 years and remember u have to pay them off first, them they get removed after 7 years
2007-03-30 06:42:38 · answer #7 · answered by shorty21 5 · 0⤊ 0⤋
depends, inquries sometimes around 2 years,and actual cards you have 7 years,bal or no balance.
2007-03-30 06:32:50 · answer #8 · answered by Nattiedred 3 · 0⤊ 0⤋
7 yrs basic acct's
10 yrs tax liens/Bk's
2007-03-30 06:49:04 · answer #9 · answered by creditease 3 · 0⤊ 0⤋