How long does information stay in your credit file?
The Fair Credit Reporting Act details how long information can stay in your file.
Chapter 7 Bankruptcy: Up to 10 years from date of filing.
Chapter 13 Bankruptcy: Up to 7 years from date of being discharged or dismissed; or paid in full, and Up to 10 years if not paid as agreed.
Judgments: Up to 7 years from date awarded (ONLY IF THE JUDGMENT IS NOT RE-NEWED BY THE PLAINTIFF).
Foreclosure: Up to 7 years from date foreclosed.
Collection accounts: Up to 7 years starting from the date of the original 1st delinquency with the original creditor; (NOT A 1ST 2ND OR 3RD PARTY COLLECTION AGENCY.
Paid Tax Liens: Up to 7 years from date paid.
Unpaid Tax Liens: Indefinitely from date reported.(ONLY IF THE LIEN IS FEDERAL).
Tradelines (line of credit or loan): Up to 7 years from the date paid in full or closed.
Charge offs: Up to 7 years from 1st date of original delinquency; (THAT LEAD TO THE ITEM BEING CHARGED-OFF BY THE ORIGINAL CREDITOR).
Closed accounts: Up to 10 years from date closed if paid as agreed.
Payment Patterns:
Credit grantor' s typically do not consider payment history older than 2 years, but this information can remain in a consumers credit file for as long as 7 years.
Credit Inquiries: Up to (2) years if authorized by the consumer.
Adverse Information: Up to 7 years from date of entry
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