The number one question I get asked is : How long will
the items get reported on my file?
Here you go… (
remember – we have Excellent results removing these )
• Delinquencies (30–180 days): Can remain seven years
from the date of the initial missed payment.
• Collection accounts: Remain seven years from the date
of the initial missed payment that led to the collection (the original
delinquency date). When a collection account is paid in full, it will be marked
"paid collection" on the credit report.
• Charged-off accounts: 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,
but the delinquency notation will be removed seven years after the delinquency
occurred when pertaining to late payments. Positive closed accounts remain ten
years from the closing date.
• 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 ten 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.
• Judgments: Remain seven years from the date the
judgment is filed.
• Liens : City, county, state, and federal tax liens.
Unpaid tax liens remain fifteen 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. Some inquiries, such as employment or pre-approved
offers of credit, will show only on a personal credit report pulled by you.
Score Well Credit is “Your Solution”
Would you (or someone you know) like to set up a time to
set up an action plan to elevate credit scores and discuss outdated,
unverifiable or obsolete information on your credit report ?
Contact me if you are interested.
Regards,
Ken Strey
Score Well Credit
Empowering People to Live Extraordinary Lives
Phone : (925) 478-5213 Fax : (925) 226-1883
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