How long do negative items stay on my credit report?
Having a negative item on your credit report can be damaging to your financial standing. It’s important to know how long these items stay on your credit report so you can develop a plan for restoring your credit score.
Fortunately, there are laws in place that regulate how long these items are reported and this timeline varies depending on the type of item. Generally speaking, most negative information stays on a consumer’s credit report for seven years. Bankruptcies remain listed for up to 10 years from the date they are filed but some states allow consumers to have them removed sooner. Late payments will stay on your reports for seven years and unpaid collections accounts remain for seven years as well.
The Law Offices of Omar Zambrano has helped thousands of people and businesses in the past to get out of debt and start over.
Our goal is it to help you find a fresh start FAST!
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