How Long Does Negative Information Remain On Credit Reports?
One of the most commonly asked questions involves how long negative information
on credit reports can remain there.
There seems to be a lot of conflicting information
out there, and we wanted to...
More
How Long Does Negative Information Remain On Credit Reports?
One of the most commonly asked questions involves how long negative information
on credit reports can remain there.
There seems to be a lot of conflicting information
out there, and we wanted to clear up any questions regarding how long information
can be reported according to the laws set in place.
This question is extremely
understandable, because the credit score is essential to financial success and day to
day living.
Most people who ask this question want to know how long accounts such
as tax liens, judgments, bankruptcies, late payments, collection accounts, charge offs
and inquiries will remain reporting to the three main credit reporting agencies.
There are set time frames in regards to how long a derogatory account may remain
reporting on your credit reports.
As a general rule of thumb, derogatory accounts
that are more then seven years old from the date of last activity (ten years for some
bankruptcies) must be
Less
