Responses to Frequently Asked Questions (FAQ's)

Q3. How long does negative information stay on my credit report?

Per the Fair Credit Reporting Act (FCRA), most negative information will stay on your credit report for a minimum of seven years. There are exceptions for certain types of negative information.

·    Delinquency information like late payments and collections remain on your report for seven years from the date of delinquency.

·    Charge-offs, seven years + 180 days from the date reported to the credit bureau.

·     Student loan defaults, seven years.

·     Foreclosures, seven years.

·      Law suits or judgments, seven years from the date of filing.

·       Bankruptcy, 10 years from the date you file.

·     Paid tax liens, seven years from the date paid.

·     Unpaid tax liens, 15 years.

 

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