What is the length of time that negative items can stay on my credit report?
Negative items that are accurate are generally reported for up to 7(seven) years. Other types of items have varying time frames for reporting. Here are a few listed below:
- Your tax liens can stay on your credit report for 7 years from the date paid.
- Lawsuits or judgements against you could be reported for up to 7(seven) years or till the statute of limitations expires, whichever is longer.
- Bankruptcies may be reported for up to 10 years.
- Information reported due to job applications for a job with a salary more than $20,000 can be reported with no time limitation.
- Information reported due to applications for credit or life insurance worth more than $50,000 has no time limit.
- Information pertaining to U.S. Government insured or guaranteed student loans may be reported for up to 7(seven) years after certain guarantor actions.
Posted under credit report
This post was written by fixbadcredit
