Seven years
Certain state laws may also impact how long information stays on your credit report. For current New York residents, for example, paid collections will remain on your credit report for only five years, while unpaid collections will remain for the full seven years. How long negative information appears on your credit report depends on the type of information: 1  Late paid accounts. 2  In general, negative information will stay on your credit report for seven years from the date of last activity. It does depend on the type of negative information but here is a breakdown of how long different types of negative information will remain on your credit report: 1  Late Payments: 7 years. 2  Bankruptcy: 7 years for completed Chapter 13 bankruptcy and 10 years for Chapter 7 bankruptcy. 3  Foreclosures: 7 years.  In general, negative credit entries will stay on your credit report for seven years. However, the exact amount of time varies based on factors such as whether the delayed payment or bad debt is disputable, and the source of the bad credit. However, as long as it's unpaid it can stay on your credit report indefinitely. A Chapter 7 bankruptcy, once completed, stays for 10 years. Keep in mind that the older a bad credit mark is, the less it counts against your credit score. 1 In general, the public record of a bankruptcy can stay on your credit report for 10 years. 2  However, you may see individual accounts in the bankruptcy, such as credit accounts, fall off of your report seven years and 180 days from the start of the delinquency on the account. How long negative information appears on your credit report depends on the type of information: 1  Late paid accounts. 2  In general, negative information will stay on your credit report for seven years from the date of last activity. How long a bankruptcy stays on your credit report depends on the type of bankruptcy you filed. Chapter 13 bankruptcies may be removed from your credit report after 7 years, whereas Chapter 7 and Chapter 11 bankruptcies can remain on your report for 10 years.  Accounts paid as agreed will generally stay on your credit report for up to 10 years from the date of last activity. If you’ve paid off your mortgage, for example, that positive information can stay on your credit report for up to a decade from the account’s date of last activity. How long negative information appears on your credit report depends on the type of information: 1  Late paid accounts. 2  In general, negative information will stay on your credit report for seven - Good credit stays for 10 years and then it is aged off but can stay longer. - Bankruptcies that, from the date of adjudication, (means decision) antedate (means predate) the report by more than 10 years. - Collection accounts and charge offs remain for 7 years from first serious delinquency or charge off date. (NOT the last date of activity.) - Paying an old debt does NOT reset the clock on reporting for another 7 years. Most negative credit entries remain on your credit report for seven years. This includes late payments -- such paying a credit card bills more than 30 days after the due dates -- foreclosures, Chapter 13 bankruptcies and debt being sent to collections. There are, however, a few exceptions to the seven year practice. However, as long as it's unpaid it can stay on your credit report indefinitely. A Chapter 7 bankruptcy, once completed, stays for 10 years. Keep in mind that the older a bad credit mark is, the less it counts against your credit score. 1 Tax liens. 2  Paid tax liens will typically stay on your credit report for seven years from the date released (paid), while unpaid tax liens can remain on your credit report for 15 years. 3  Bankruptcies. 4  In general, the public record of a bankruptcy can stay on your credit report for 10 years. How long negative information appears on your credit report depends on the type of information: 1  Late paid accounts. 2  In general, negative information will stay on your credit report for seven years from the date of last activity. Most information (good and bad) will stay on your credit report for seven years. However, some financial disasters (divorce, bankruptcy) can stay for as long as ten years. The … silver lining to this is that, the older the negative information is, the less influence it has on the overall report. 1 The seven year statute of limitations on information listed on your credit report figures from the date of last activity. 2  According to the FCR Act Section 605 a debt can remain on a credit report for 7 years and 180 days after the delinquency that caused the account to go bad.
http://blog.equifax.com/credit/how-long-does-information-stay-on-my-credit-report/ http://www.creditinfocenter.com/creditreports/cr-time.shtml http://www.ehow.com/facts_4969733_bad-credit-stay-credit-report.html http://blog.equifax.com/credit/how-long-does-information-stay-on-my-credit-report/ http://blog.readyforzero.com/how-long-does-a-bad-mark-stay-on-your-credit-report/ http://blog.equifax.com/credit/how-long-does-information-stay-on-my-credit-report/ http://carreonandassociates.com/reporting-limitations-for-bad-credit http://www.ehow.com/facts_4969733_bad-credit-stay-credit-report.html http://blog.equifax.com/credit/how-long-does-information-stay-on-my-credit-report/ http://www.answers.com/Q/How_long_does_information_stay_on_your_credit_report
how long does a bad account stay on your credit report