How Long Can Negative Information Report
Knowledge is one of the best tools in your toolbox when it comes to credit repair. You need to know how long can negative negative information report for and how to estimate their fall off date. Below are most, but not all, of the negative information that reports to the average consumer credit rile.
Delinquencies (30 – 180 day late payments): Late payments will remain for seven years from the date of the initial missed payment.
Collection accounts: Collection accounts remain seven years from the date of the initial missed payment that led to the collection (the original delinquency date, called the date of first delinquency). When a collection account is paid in full, it will be marked “paid collection” on the credit report.
Charged-off accounts: Charge offs remain seven years from the date of the initial missed payment that led to the charge off (the original delinquency date), even if payments are later made on the charged-off account.
Closed accounts: Closed accounts are accounts that are no longer available for further use. Closed accounts may or may not have a zero balance. Closed accounts with delinquencies remain seven years from the date they are reported closed, whether closed by the creditor or by the consumer. Positive closed accounts remain 10 years.
Lost credit card: If there are no delinquencies, credit cards that are reported lost will continue to be listed for two years from the date the card is reported lost. Delinquent payments that occurred before the card was lost are reported for seven years.
Bankruptcy: Chapters 7, 11, and 12 remain for 10 years from the filing date. Chapter 13 remains seven years from the filing date. Accounts included in bankruptcy will remain seven years from the date they were reported as included in the bankruptcy.
Child support judgments: Child support judgments remain for seven years from the date the judgment is filed.
Civil and small claim judgments: Normal judgments remain seven years from the date the judgment is filed.
City, county, state, and federal tax liens: Unpaid tax liens remain 15 years from the filing date. Paid tax liens remain seven years from the paid date of the lien.
Inquiries: Most inquiries listed on your credit report will remain for two years.
Positive open credit information remains indefinitely and paid positive accounts remain 10 years.
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