Comments on: How Long Does Something Stay On Your Credit Report?

By: LuckyWif

LuckyWif — Tue, 28 Jul 2009 17:29:15 +0000

Depends, a repo stays on credit for 7 years, and a bankruptcy stays for 11 years, after you have paid off a debt and they have received payment it should be taken of immediately, but you may want to get a free credit report and check and if it is still there call them and ask them about it.

By: Cowboy

Cowboy — Tue, 28 Jul 2009 15:58:03 +0000

forever

By: londonha

londonha — Tue, 28 Jul 2009 12:40:08 +0000

7 years from the date it was reported, unless bankrupty or court judgement, that stays for 10 years. Yes, if the creditor is not paid, they can sell off the debt to another company (collector) and if they do not get paid by you in the time specified, they will also report you to the creit burueas, and then it takes up to 7 years for that report to go away .. etc …
If it’s a valid debt, you must pay it, if it’s not valid, you can dispute it. The credit bureaus must validate the debt is accurate within 30 days or they must delete it by law, even if it’s legitimate.
If it’s an old debt, more than 7 years, inform the bureau that it’s been longer than 7 years and they will remove it.
Most companies are only concerned about the last 2-4 years, so if you get some secured credit cards, cary a small balance and make your payments on time, your credit score will improve. It just takes time.

By: drubaby3

drubaby3 — Tue, 28 Jul 2009 07:36:31 +0000

7-10 years.

By: Beach Girl

Beach Girl — Tue, 28 Jul 2009 07:28:50 +0000

It usually takes about seven years. I know. It is unfair and a nightmare. You can try disputing the reports. You have to do this w/all three credit unions Experian, Equifax and Trans Union. If the Company that put the negative mark on your credit report does not respond w/in 30 days, the reporting agencies have to remove the mark.
Good Luck!
It is an extensive and time consuming process but may be worth it. Just be patient.

By: House, M.D.

House, M.D. — Tue, 28 Jul 2009 04:15:06 +0000

I believe it stays with you for life.

By: Reaper King

Reaper King — Mon, 27 Jul 2009 23:58:26 +0000

the majority of the answers here are bullsh*it. stuff on your credit report stays there until you die, and then some. it just comes to a point where things on your report stop affecting your score. but things never go away or are removed from your credit report even if you paid off a card and left the company in good standing. regardless of how things were paid or whatever, entries into your report stay there forever. people get the 3/7 year thing confused bcuz after this length of time, 3-7 years, the stuff on your credit, assuming it’s resolved or dormant, no longer have an effect on your score. but things are never removed, even if you request it. I work as a loan officer and I have pulled credit for people a lot of times. I had one where the person was deceased but I could still tell that he made timely payments on his credit card from 20 years ago.

By: WhiteHat

WhiteHat — Mon, 27 Jul 2009 21:43:46 +0000

10 years

By: Sassy Redhead

Sassy Redhead — Mon, 27 Jul 2009 18:02:02 +0000

Unfortunatly bad credit can stay on for at least 7-10 years. They say its only on for 7 but believe me it lasts a whole lot longer. The good thing is you have started at least cleaning up your credit. Now you need to open up a new line and get some fresh credit started. Once you get new credit established your credit score will start to get higher. BE CAREFUL, you don’t want to get back in over your head. Open only one or two accounts with low balances. Your score can be reflected by your debt ratio also.
Good luck, sounds like you are on the right track.

By: jenn

jenn — Mon, 27 Jul 2009 14:46:55 +0000

well…i don’t have bad credit….i’m young and just starting credit…what i’ve done is taken out a couple of signature loans and not really spent the money but paid it back that way it shows up something good on your report….as soon as you pay your debts off your score starts improving, you just need something on there to prove that you’re better about paying things on time and stuff, it’s more credible
and it doesn’t take 10 years for it to improve….i think it takes 7 for everything to go off….or that’s what they say for a bankruptcy