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How Long Do Accounts Stay On Your Credit Reports Copy

Inquiries remain on your credit reports for two years (24 months). However, hard inquiries impact your score for only the first 12 months. After that, they have no impact on your score.

Late Payments stay on your credit report up to seven years from the date it was first reported as late. If you close the account, the entire account will be removed from your report after seven years. If the account remains open, the negative information will be removed after seven years, while the rest of the account information stays on your report.

Positive Accounts, on the other hand, remains on your credit report indefinitely. If you close the account, positive information typically stays on your report for 10 years past the closing date.

Collections remain open up to seven years plus 180 days from the date the account was delinquent with the original creditor (the time leading up to when it was placed for collection). After that time, it must be removed regardless of when it was paid or when it was placed for collection.

**Child support ** remains on reports up to seven years from the date it is overdue.Public Records remain on credit reports up to 7-10 years,  depending on type.

Chapter 7, 11, and 12 bankruptcies  -stay on your credit report up to 10 years from the date filed.

Completed Chapter 13 bankruptcies  -are usually removed after seven years from the filing date.

**Tax liens **– NO LONGER REPORT! 😀

Paid judgments – NO LONGER REPORT! 😀

**Criminal records. **Certain public records (such as arrests, indictments, misdemeanor complaints, and convictions of crimes) aren’t computed in a score, but may show up on your credit reports, and can affect employment. They remain on reports seven years from the date of disposition, release, or parole, or until your state’s statute of limitations has expired, whichever is the longer period.

*** Just because an item CAN stay on your credit reports, doesn’t mean it MUST stay on your credit reports.

*** Paying an account will never extend the reporting time frame.

*** Positive, open accounts remain as long as they are open and active. Once they are closed, they will be removed 10 years from the date of closure.

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