Out-of-Date Information

How long does information stay on your credit report?

How long does information stay on your credit report?

According to federal law, credit reporting agencies may report negative information on your credit report for a specific amount of time. The amount of time depends on the type of discrepancy. The times are as follows:

  • Bankruptcies can be reported for ten (10) years.
  • Civil suits, judgments, and records of arrest can be reported for seven (7) years.
  • Paid tax liens can be reported for seven (7) years from the date of payment.
  • Accounts placed in collections can be reported for seven (7) years.

Out-of-Date Entries on Your Credit Report

Negative information such as: delinquencies, bankruptcies, charge-offs, loan defaults, foreclosures, lawsuits and judgments, and tax liens are barred from forever appearing on your credit report. The Fair Credit Reporting Act (FCRA) requires credit reporting agencies to remove most negative information from your credit reporting after the credit reporting time limit has expired. Reporting old, out-of-date information is against federal law.

According to the FCRA, credit reporting agencies cannot report negative information for an undetermined amount of time. In fact, negative information can only be reported for a specific amount of time.