Negative info stays in your credit report for at least seven years.
Most negative information stays in your credit report for at least seven years. The good news is that the longer negative information is on your credit report, the less weight it holds on
There are different types of negative information, and they have varying lifespans
- Late payments stay on your report for up to seven years from the date of the missed payment.
- Collections or charged-off accounts: if your account past due and charged off by the original lender to a collections agency. The collections account will be taken off your report from the date of the first missed payment. If you pay off the collections before the seven years are over, the impact on your credit score is less
- Bankruptcy public records are removed from seven to ten years, depending on the type.
- Other negative accounts, like repossessions and foreclosures, can also stay in your report up to seven years from the date of the first missed payment that led to the negative status
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