Bankruptcy

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.

Challenging the Accuracy of Bankruptcy Credit Reporting | Indiana Consumer Files Lawsuit Against Experian and Green Tree | Bankruptcy Reaffirmations and Ride Throughs

Cento Law, LLC attorney G. John Cento filed a lawsuit against Experian Information Solutions, Inc. and Green Tree Servicing, LLC alleging numerous violations of the Fair Credit Reporting Act. In the suit, Plaintiff alleges Experian and Green Tree inaccurately reported his mortgage account which had been included in bankruptcy but which survived the bankruptcy as a “ride through.”

Class Action Against Green Tree Challenging Accuracy of Joint Account Holder Bankruptcy Credit Reporting

Lawsuit Filed Against Green Tree for Reporting a False Bankruptcy

June 7, 2013

Today, Cento Law, LLC attorney G. John Cento filed a class action lawsuit against Green Tree Servicing, LLC alleging numerous violations of the Fair Credit Reporting Act. In the suit, Plaintiff alleges Green Tree inaccurately reported his mortgage account to the consumer reporting agencies (Experian, Equifax and/or Trans Union) that he had included his mortgage in bankruptcy even though Plaintiff had never filed bankruptcy.