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How Long Does Information Stay on My Credit Report?

Written by Equifax Experts on September 4, 2013 in Credit  |   110 comments

Lenders use the information in your credit report to assess your risk as a borrower, and negative information can make you look risky. Equifax Experts explain how long negative information, such as bankruptcies and collections, generally stay on your credit report.

how-long-does-information-stay-on-my-credit-report-3Lenders use your credit score and the information in your credit report to assess your risk as a borrower, so it is important to understand the rules about how long information stays on record.

Your credit activity, including payment behavior, plays an important part in how your credit score is calculated. Lenders who have extended you credit regularly report your payment behavior—whether it is positive or negative— to the three national credit reporting agencies. This data can also be pulled from public record information.

How long does information stay on my credit report?

Not all of your credit information will stay on your credit report forever, which can be good news if you are worried about how long negative information, such as late payments, bankruptcies and judgments, will impact your credit history and credit score.

How long information remains on your credit report varies.

Positive information

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.

A revolving credit account—such as a credit card—that is paid as agreed can stay on your credit report forever, as long as the account remains open. If you close the revolving credit account, the positive information can stay on your credit report up to 10 years from the date of last activity.

Negative information

How long negative information appears on your credit report depends on the type of information:

  • Late paid accounts. In general, negative information will stay on your credit report for seven years from the date of last activity. Late paid accounts that are still active will be removed from your credit report seven years from the start of the delinquency, which is when the payment was missed.If you have an account that has been charged off or is in collections,it will typically remain on your credit report for seven years and 180 days from the start of the delinquency that led to the charge off or collection.
  • Judgments. Generally speaking, a judgment will remain on your credit report for seven years from the date filed or until the statute of limitations runs out, whichever time period is longer.
  • Tax liens. 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.
  • Bankruptcies. In general, the public record of a bankruptcy can stay on your credit report for 10 years. 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.

Inquiries

Inquiries are a record of companies that have pulled a copy of your credit report. According to the Fair Credit Reporting Act (FCRA), credit reporting agencies must inform you of who has made an inquiry. Generally speaking, credit reporting agencies will report inquiries for one to two years, depending on the reason your credit report was accessed

  • Promotional inquiries. You may receive a promotional inquiry if your name and address were provided to a company who made you a firm offer of credit or insurance, such as a pre-approved credit card. Typically, these types of inquiries remain on your credit report for 12 months and do not affect your credit score.
  • Account monitoring or account review inquiries. This type of inquiry is triggered when one of your current creditors performs a regular review of your credit report when evaluating your account. An account monitoring or account review inquiry will usually stay on your credit report for 12 months and does not affect your credit score.
  • Personal inquiries. When you make a request to pull your own credit report, your credit score is not impacted. An inquiry you initiated by requesting your report will typically stay on your credit report for 24 months.
  • Hard inquiries. When lenders and credit card issuers decide whether to grant you credit, they check your credit report. You may initially see a hard inquiry if you apply for a mortgage, credit card or auto loan, and that inquiry can remain on your report for 24 months.

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.

110 comments

  1. Kim Buffington says:

    some people at Equifax do not no what they are talking about. One person tells me one thing another tells me different. I don’t know what to believe.

    • Jack says:

      Tell them you need something in writing concerning the account. Always get a hard copy and always keep notes on when and who you talked to. Make notes about the conversation

    • Anonymous says:

      They have an horrible customer service; VERY hard to understand them… they seem to have no knowledge. Very disappointing….

    • Anonymous says:

      I do not work for any credit reporting agency, but as a rule, most negative items will stay on your credit report for 7 years. this is federal law. your state also has credit laws and they may vary greatly. in sc 4 years is the longest a negative item can stay on your credit report. the federal trade commission website has the fair credit reporting act, and the fair debt collection act. you can print them from the site. this will give you the basis of how long negative information can stay on your credit report. I would also suggest that you check with your state.

      • Anonymous says:

        Seven years may be the norm but in my experience the date changes. Every time you challenge a negative report the date is changed to the date you started the dispute. For example a creditor that I am not aware of listed a 1300 debt on my report. I fought it immediately. However, the debt is sold to other collection agencies and that starts the clock all over again. I have been fighting the same debt now for 9 years and it keeps reappearing and now it says I owe 3500. A never ending process with little success.

        • Jen says:

          This has been happening to me too. they keep selling my collection I wonder how do you go about it

          • Anonymous says:

            New laws changed that it is seven years reguardless of how many times sold. You can send a letter requesting verification of the debt asking them to remove it from your report until they send you proof that they legally own the debt. Also proof that you owe that amount claimed.

    • Anonymous says:

      i love the fact that equifax tells me my credit score is one number then when my credit card company sends me the score they got from equifax its a different number by 40 points. luckily its 40 points better than what my membership tells me it is……i dont get it

      • Stephen says:

        The score from your credit card company is probably a variation of the FICO score using your Equifax report.

      • st says:

        My Equifax membership score is 60 points higher than my actual bank run Equifax score. wtf? My husband’s membership score is 50 points higher than his actual. We applied for a home mortgage based on the info from this site because our scores showed well over 740. Bank run credit scores were under 699. Please explain why we are paying for this monthly service and it’s not accurate? We will be canceling soon, especially when we don’t get our mortgage loan based on inaccurate consumer info.

        • EFX Moderator, KB says:

          St, good question and sorry for your frustration.

          A lender may be seeing a different credit score than what you will find on your Equifax credit report because another credit score model is being used.

          For example, Equifax calculates your Equifax Credit Score using information from all three nationwide credit reporting agencies. Other companies might calculate your score using different metrics. While some lenders use blended scores from the three credit reporting agencies, others apply industry-weighted scores.

          If your lender calculates a score that is very different from your Equifax Credit Score, consider showing your lender a recent copy of the score Equifax has reported. Then you can compare the inconsistencies and determine if any information is incorrect.

          Here is a link with more information: http://blog.equifax.com/credit/responding-to-your-frequently-asked-credit-questions/

          • "Julie Miller" says:

            This has to be a flat out lie. My equifax score is consistently 75-100 points lower than the other two credit reporting agencies. If they calculated it based on this, not only would the scores be somewhat close but the information would be also…and it isn’t even close. Equifax continues to report fraudulant information, balances that are two or more months old, and refuses to update anything in a timely manner. Equifax not only continues to report an account that is almost ten years old that has been verified as fraudulant by the TU and Experian, they refuse to acknowledge this and also refuse to investigate this account or send me proof that they have.

        • Nurse Cookie says:

          These sites that we pay for are not providing the FICO scores that “Lenders” pull. Why, I don’t know and feel it is another part of the scam to make you think you are gaining MORE ground by having them than you really are I think I’ve seen where you can pay MORE in order to receive the REAL score which is the FICO score that we must pay attention to. It is the “REALITY” score. Always take 10-20 points from the score you see and it will give you actual score. I may be off since I don’t have the difference in front of me. Will try to respond with accuracy when I can, Lord willing. On a positive note, whatever help you can gain from the sites, get it for your benefit but be aware of what is real is what is not.

        • S. Regan says:

          I work as an underwriter at a credit union. Equifax gives us the option to customize what we would prioritize in the credit reports to better fit our matrix. This is absolutely why scores will vary from one financial institution to another. It is quite common for your score to fluctuate 50 points or more between a mortgage lender and credit card company, even if they both use the same bureau.

    • FROM EXPERIENCE says:

      DO YOUR HOME WORK LEARN HOW CREDIT WORKS ANDPAY YOUR BILLS ON TIME,
      BE RESPOSIBLE DONT BE A DEAD BEAT!

      • Li says:

        let me add on to FROM EXPERIENCE- and don’t lose your job, don’t get sick, and don’t have a parent who is sick also, and make sure you husband/wife never ever walks out on you
        and also, make sure you don’t have to pay rising utilities, real estate taxes, water/sewage bills, and make sure your boss gives a cost of living raise….

      • Amy says:

        Just because someone falls shorts from paying their bills, does not mean they are deadbeat! Things happen that you can’t control…and sometimes our financial situation takes plunge when life happens! Let’s hope it just doesn’t happen to YOU. Then if it does, you will eat those words that you dished out.

        • Anonymous says:

          amen Amy!!!

          your absolutely right! no creditors care when I had back surgery. they could careless!

        • katzarr says:

          I broke my back in 3 places; and due to no health insurance, i have to pay for care out of pocket; i can no longer pay the credit cards; my credit is ruined., sad; maybe someday i can take care of them,; but, for now I can’t. Sad; seems the “world” is governed by MONEY… <3

        • Anonymous says:

          Amen sista, thank you for saying that!

    • Chelsea B says:

      They are not very knowledgeable. Two different people told me two different things today, both contradicting what the FCRA states.

  2. Candice Peters says:

    I’m frustrated because I have disputed a Kohls account on my credit report with Equifax 2 times and both times they tell me they verified the account it mine! IT’s NOT MINE!!!! I’ve never had a Kohls account and they are not listening or doing anything about it. I called Kohls but since I A) Don’t have an account number they B) don’t have my SS number and don’t know who I am so therefore couldn’t help me. What is that? A miserable racket!

    • Jack says:

      Have them send you verification in writing showing your signature for the account

    • Rhonda M says:

      That is very frustrating! Have you disputed it on Experian and TransUnion also? Does it have your full name? You might need to put a fraud alert on and treat this as identity theft. What happens when you give the account # listed on your Equifax report to Kohls? Do they still not have it on file? Best of luck,,,so sorry

    • Anonymous says:

      call the police and make a report, this is identity theft.

      • Lisa says:

        Filing a police report will do you no good. Identity theft is handled by the feds (that is, the Federal Trade Commission). Identity theft is NOT in the jurisdictional scope of local police …

    • Stacie says:

      Candice-

      If the card is showing on your credit report the account number should be listed also. Try giving Kohl’s the account number and see if that helps any. Also, if absolutely nothing else put a fraud alert on your credit reporting accounts. All three of them offer this service. They will make companies doing the credit check go through a different process. For instance, the credit reporting agency may have to call you on the phone number you listed when setting up the fraud alert before they can release any of your information to the creditors. There are several other things also that make it more difficult for people to get accounts in your name. It has helped me a lot.

    • Adam says:

      Candice -

      The address to the creditor is listed on your report. Mail them a certified letter requesting a verification of debt. If you do not receive a response within 30 days, forward a copy of the certified receipt to Equifax. They will typically remove it at that point.

    • Tony B. says:

      Candice. It is illegal for any credit reporting company to post false information about anyone. If you claim is legitimate you should be speaking with a lawyer.

    • CJ says:

      My husband had two addresses on his file he never lived at they opened DTE energy accounts in his name upwards of 3,000. Called DTE closed accounts and reported fraud yes the house numbers and the account numbers were on his credit report through equifax. Had to lock our credit and contacted Detroit police reported ID theft contacted federal trade commisssion had to fill out two packets and have them notorized at bank took 4 months to straighten it all out and almost a year to have it cleared from his record and for his credit score to go back up. We disputed the addresses with equifax they agreed and took them off but when we disputed the DTE account they came back and said it was him. I challenged them and the only reason they said that is the person used his social security number. In the end we got letters from DTE clearing him of any debt and faxed letters to equifax to have it removed from his account a big huge mess. I feel like we are paying for a service through equifax and that some of the leg work and investigating should be done by them. I can not understand half of the people when I call equifax are foreign speaking broken english. Luckily last time I got an american I could understand who spoke english but it is the luck of the draw. My advice Candace look on your credit report get account number for Kohls and then close that account call Kohls asap and close account then report to federal trade commission and then dispute with equifax it is a long process but it will work.

    • Debbie says:

      The same thing just happen to me with someone opening a Kohl’s/Credit One account and it sure was not me,but it ended up on my credit report. Took me 5 hours talking with 6 different people at Equifax before I finally ask the 6th person if they were American and when he said “No, would you like to speak to someone who is?, before I got an American that could understand me and me them. Equifax had my SS # down wrong and the person who open the account had the exact same number I do except for one number. It was awful trying to get it straighten out, but after finally speaking to someone who knows English it was taken care of.

    • Rick says:

      Reply to all 3 credit agencies, IN Writing By Certified Mail Only. Send them a copy of your drivers license, social security card, your current and previous address and reason for disputing the accounts along with a copy of your credit report and any other document that am prove this is not your account. I found that corresponding by certified mail will get faster and better results than on line and by phone once they have refused to remove the first dispute. Also contact the collection agency that is reporting the account

    • Steve d. says:

      All you need to do is to file a dispute with equifax. Kohls will then have 30 days to provide proof to equifax that you had an account., which they will not be able to do. If they do not respond with proof within the time limit then it will be removed from your credit report. FILE A DISPUTE! You should also check all three credit agencies. This is one sign that you may have been a victim of identity theft.

    • anonymous says:

      Freeze your credit report!, not even you can get in there if you want unless you thaw it out first,

    • RickRack AKA Lawyer says:

      I recieved a leeter dated september 2012 from a collection agency EOS-CCA stating I have a bill for outstanding cable bill ( Comcast ) in Illinois for the year 2012. I called the collection company & one of the third credit monetarycompanys I have an made a disput… funny thing I m in my late 60′s living down south and have never live in Illinois, also I made a police report out with my local police department & they advise me their detectives will forward an identied theft for the person living in Illinois
      and illinois local police department…bty…the negative collection came off my report asap ( 30 days)…do your homework…I did it works…also certified letters are a whole lot better then talking to some on phone who doed not know the Law…

  3. Donna S. says:

    Well I disputed an employer they say I worked at, I never worked there in my life, ever. I told them about it, and still it is on my credit report to this day. How does this happen? Why is that company listed as my employer at one time? I dont know.

    • Anonymous says:

      Someone used your social security number to get a job most likely. Either they wrote it wrong, or they did not have a green card something like that so this way it shows up on your work history. Call social security and let them know or federal trade commission to clear this.

  4. Denise says:

    I think equifax need to get their act together , I had a account that was not updated since July and this had me past due one dollar. When i disputed the account in September, had i not disputed the account they would not have done anything. This caused my score to drop almos t25 points, along with other undisputed information trying to get things taken care of with equifax i does not good. This is why no creditor should rely solely on this credit bureau. I wonder what equifax credit score is?

    • James Sasser says:

      If the account was not updated it would be because the creditor did not send any updated information to the CRA in question. That is not the fault of the CRA; that is the fault of the creditor. How do you expect the CRA to updated your account with information that they do not have?

  5. Anonymous says:

    How many times can a dang collection company RESALE your debt and make it NEW on your credit report? That pisses me off…I have to clean it up every year!

    • Athena says:

      I had that same problem several years ago. M debt was sold to another collection agency and I started getting harassing phone calls and letters from them. That debt was due to go off my credit report that same summer. I called the credit bureau and they assured me that although the new company showed up as a new debtor, it too would drop off AT THE SAME TIME as the ORIGINAL debt was due to drop off. And that is in fact exactly what happened because it can only be there from the DATE OF LAST ACTIVITY for that account. Not for the agency collecting the debt.

      I told that collection agency never to all me again that there was nothing else the could to me. That I will never pay that debt (the cc company lied to me and the debt was their fault but refused to do anything about). Never heard from them again.

      • Randy S. says:

        What these collection companies do when they buy a debt is to report a small payment (even though you did not make one)to the credit agencies ,and this keeps the debt on your record for another 7 years.It;s against the law but they do it anyway.The consumer is the one frauded by these dishonorable companies.I have asked for proof of a payment and never received one ,yet the debt is still on my report.I am going to try the certified mail method next.

  6. me says:

    Equifax is one of the worst people to deal with I had an account which stayed on my credit report for seven years and 8 mths and the other two credit bureaus had removed it .My credit score remained the same it did not get any better.

  7. steve b says:

    you need a lawyer,Candice.I might cost you but will save you money on your credit rating

  8. cc says:

    candice, file theft identity and get everyone’s attention

  9. Ric Crawford says:

    Why are we creditors held responsible for the malfeasance of our Federal Government. THEY are responsible for the collapse of the housing industry, at least in California, causing home values to plummet to values far far below the amount owed, often to just 1/3 of the price we paid. When we want to sell and move for any reason, we must either just walk away from the debt or have a short sale. Either causes our credit to hit rock bottom for 7 – 10 years. And then the Federal Government makes us pay income tax on the difference in the eventual selling price and the amount owed. We Pay TWICE then. And again, WHY do we have to bear the burden of failed government programs that sold homes to people with no jobs?

    • Lisa says:

      Ric, you said:

      “Why are we creditors held responsible for the malfeasance of our Federal Government. THEY are responsible for the collapse of the housing industry…”

      The only thing the government did wrongly was allow easier credit to people like YOU who probably borrowed too much and then couldn’t keep up with mortgage payments or became just too overextended.

      It’s easy to blame the government when things don’t go in our favor. You should probably look in the mirror ….

  10. Gretchen harlow says:

    Write a letter to Equifax and cc Kohls. Explain the situation and ask them to demand proof of debt. When you get it then you can deny it. Chances are you will not get it so the charge will have to be removed. If you call Equifax they will do the letter for you.

    Make sure the same debt is not listed on your other 2 credit reports. Good luck

  11. vespery2k says:

    They never verified your kohl’s account. All inquiries go off-shore and you get a standard email saying they verified your dispute. Then the dispute is filed away forever or until you file a lawsuit. Then they will act on your dispute. Think of the number of employees it would take to handle millions of disputes each year. If you are having a serious problem with errors contact your local legislator to arrange an in-person appointment with the credit bureau. They may not know they have that much influence but they do. Good luck.

  12. Aaron E Thorne says:

    every time i have spoken with a person at Equifax, my score dropped by 15 points the same week.

  13. J Thomas says:

    I had a bankruptcy in Pennsylvania in 1992 after losing my job. I thought all was clear. All of a sudden last month Aug 2013 I have a Pennsylvania Tax Lien on my credit report for $700. I called Pa govt and they tell me that apparently after bankruptcy which couldn’t be discharged however the Pa dept of revenue didn’t code it. So now after 22 years with no notices, collection attempts or letters I have a tax lien on my credit report hurting my credit in retirement. I was just turned down for credit from one bank and another bank I have credit just reduced my credit line from thousands to $250.00 citing the tax lien as the reason. Pa tax advocate says they will probably get it reduced to original tax amt of $302.. I don’t mind paying what I owe but the 22 year old lien now showing on my credit report for 10 or more years is unfair. Pennsylvania Govt is unfair to its people. and only worry about the money not the reputation of its citizens even when its the mistake of the Government.

  14. donald ferguson says:

    All the credit bureaus are the same. I disputed several items that are not mine, but just because the company says it is, the credit bureaus say they have been verified.

  15. Jim Gilmore says:

    Personal inquiries. When you make a request to pull your own credit report, your credit score is not impacted. An inquiry you initiated by requesting your report will typically stay on your credit report for 24 months.

    I am very concerned about keeping a tab on my own credit. I update my credit scores monthly and sometimes every two weeks. How will this impact my credit positively or negatively?

  16. The Horse says:

    When they tell you they’ve verified information, all it means is that they contacted the business that gave them the info and got the same info from them again. You’d have to contact Kohl’s to try to get it squared away.

    Also, getting conflicting info from Equifax isn’t unusual.

    As a consumer, you’re nothing more than the info that businesses send to them and a potential source of revenue for Equifax.

  17. Karen Brady says:

    The consumer is at the mercy of the Big 3 reporting agencies,frequently the reports they have on file contain errors that are next to impossible to have removed. All 3 agencies are in need of more oversight. I have been on the phone with rude employees that seem to think that talking down to customers is acceptable. All in all dealing with any of the credit reporting agencies is a joke,they do what they want,they have too much power over the consumer.

  18. Learning to get out of debt says:

    From what I understand, if you dispute something, you can write 100 word letter to Equifax stating this information so it goes into your file. Anyone looking at it will see it. I would also ask Kohls to provide you proof that you made the purchase. (signature?)

  19. Anonymous says:

    i’m tired of seeing things on my report from over 10 yrs ago…how in the world is it to come off and why do these credit hustlers go in and reopen stuff that was on there from 10 yrs ago so that it keeps staying on there another 7 yrs

  20. JANELL R. says:

    my main problem is negative accounts staying longer most of mine were betwwen 7 and 13 years, everytime it is turned over to A NEW COLLECTION AGENCY IT RESTARTS THE DATE FROM WHEN THEY RECEIVED IT….I HAVE BEEN TOLD THIS IS ILLEGAL BUT IT CONTINUES TO HAPPEN

  21. Katya W says:

    Candice – I believe you need to dispute with both Kohl’s and Equifax in writing. That way you can show and submit all your proof that you are not who the person on the account is and they can review it all. I had to prove once that I was not dead because a store credit card company had a data entry error and marked me as deceased and wrote off the account balance. It took a little bit of time and effort but it was fixed on my credit report within a couple months. I have since disputed a few things online with Equifax and all were resolved with no issue. Kill them with information give them every detail that proves what you are saying when you dispute something….hope this maybe helps :)

  22. Heather H says:

    Candice- reach out to Kohl’s and explain what your problem is. If you haven’t had an account with them ever and feel comfortable having them verifying that by searching their system for your ssn or other identifying information, they can furnish a letter for you stating that you are not and have not ever been an account holder, which you should include in your written dispute with Equifax. You will probably have to be pretty persistent and get to a higher up because the phone bank customer service agents wouldn’t have the authority or weight to put behind the letter anyway. Being sweet and gracious goes a LONG way in issues like this. Good luck!

  23. Peter A Cooper says:

    I was forced to sell my home on a short sale. The home was sold on the short sale in May 0f 2012. I have a notice from the county that the mortgage was completely satisfied and I was no longer responsible for this property. The account is still on my credit report as being active and that I am more than 180 days delinquent on this account. If I’m reading correctly this account will remain active for seven years. Is there anything I can do to remove this acount from my credit report? Please help

  24. Lgolden07 says:

    If we had a mobilehome repossessed in 2001, why would Greentree send us a letter now about it? It has been over 12 years and they have sold the property and are now asking us to settle for $26,000. I didn’t see it on our credit report, but I haven’t checked it since I received the letter. My husband is scared to death since we are trying to save to refi our house now. We have had hard times in the past but have turned thigns around the last 12 years. Should we be concerned or is this just a tactic to see if we will pay? I have heard if you contact them, it reopens their file. Is this true?

    • deptsks says:

      Not uncommon for companies to continue to collect after 7yrs, just ignore them. Will not hurt your credit, can not be put back on your credit. These collectors get paid percentage of what they collect and when desperate will go back to old debts.

      • Lgolden07 says:

        My only concern was the letter was actually from Greentree. It didn’t appear to be from a collection agency. I did not want to be shocked when we went to the bank or the VA to try to refi our current home and have this come back to bite us in the backside.

  25. Mr. Jackson says:

    Equifax has on my credit that I had been evicted from the same apartment complex 5 times in the same year. Which is not true. I did get evicted, but after those evictions. I have disputed them but Equofax won’t take them off. It is affecting my score and me getting an apartment. I was able to finally get an apartment and they pointed this issue out to me and said that there is now way for that to happen you cannot be evicted that many times from the same place in the same year that is just strange. So trying to dispute again and get it taken off.

  26. anony1 says:

    been there. your problem must be resolved with kohl’s before reporting agencies will accept the change. you will need a letter from kohls. they are the one who submit the change to the agencies

    • Sonja says:

      Unfortunately, a letter from the creditors would not warrant a deletion by the credit bureaus… It would only be used in reference in an investigation. The creditors would actually have to remove it from the credit report themselves. If the company is telling you that the account does not belong to you but is telling the credit bureaus that it does belong after several disputes then you would need to contact the creditors and verify what they have recorded and what they have sent to the credit bureaus against what the credit bureaus have.. The creditors do need to report accurate information but if the creditors do not have the accurate information across the board then it can be a struggle to have the information changed. I have learned this after many attempts to correct inaccurate information on my credit report.

  27. Mr Lockvis says:

    My Mortgage with Wilshire was bought out by Bank Of America 7 years ago and Wilshire went out of business a few months after the buy out. Problem is Wilshire didn’t bother to close my account for over 500k and to this day it is still open and showing the last balance and isn’t going down. Good news is it shows im in good standing every month. I wrote all 3 credit agencies a few months after I noticed it wasn’t dropping off and they wouldn’t close it. I tried again a few years later with the same result. I also tried to have BofA help me but they told me to contact Wilshire which is impossible. My credit score is still excellent but this kills my income to debt ratio. Anyone have any ideas?

  28. Doreen says:

    If you had a repo car and didn’t know there was a balance, yet started paying it six years later because you received a letter from the company or their lawyer, would it get dropped after seven years and if so would you still need to continue paying the repo car after seven years if it is with their law office, Or would it be written off?

  29. sheula says:

    My ex-husband and I had a timeshare together. He is no where to be found, his name is first on the contract. Am im responsible for the bill??

    • EFX Moderator, KB says:

      Sheula, good question. If your name is on the account and the debt is held jointly, you are responsible for making sure that debt gets paid. If you signed up for an account with your ex-husband, you are responsible for that debt being paid. The creditor will hold those who applied for the account, whether it is individual or joint, responsible for paying on time and in full. Here is a link with more helpful information: http://blog.equifax.com/credit/what-does-divorce-do-to-my-credit/

  30. CHARLES PATTERSON says:

    I HAVE A PROBLEM WITH EQUIFAX. THEY REPORT THE ORIGINAL AMOUNT OF MY MORTGAGE AND WHAT I OWE NOW IS AVAILABLE CREDIT. WITH FALSE REPORTING THEY CAN SELL THE INFO FOR MORE MONEY. IT TAKES FOREVER TO TALK TO A LIVE PERSON AND WHEN YOU DO THEY ARE VERY NICE BUT CANT DO ANYTHING. I HAVE A LAWYER NOW SO WHEN IT GETS TO COURT SOME INFO ABOUT ANOTHER ACCOUNT SHOULD BE REMOVED. CHARLES PATTERSON

  31. Lora says:

    I paid off a credit card for less than owed. They offered to take the loss so I took it. It is still showing on my credit report as late payments every month. I am confused. Should I contact them ( which will be hard as they are out of business) and pay the rest? What will that do as far as how long it stays on my credit rereport ? Any advise would be helpful!

  32. Ric says:

    What can you do when companies pull a hard hit credit inquiry and you did not ask or authorize it. To make it worse they did not tell you or offer me any products or service. I know this affected my report..

  33. julian says:

    Equifax is the only bureau that hardly show any improvement in your credit score when ever you have finish paying a collection debt. they look like they admire the fact that it will have to stay on your credit report for seven years, so that you will have difficulty getting credit.

    • Annie says:

      one thing I learned a few yrs ago when rebuilding my credit is that if it is already at a collection agency may as well save your money and wait out the seven years. Makes no difference unless you know who the original creditor is and ask them if you pay directly to them if they will remove it.
      I paid 3 collection agency’s off before realizing it did not help my credit one bit, I was worker with my banker and he also agreed that once a collection agency has it just wait the 7 yrs, but usually by 5 if you are able to create good credit points they will over ride the collection agency’s.

  34. Annie says:

    My Equifax score is 70 points lower then the other two reporting agency’s. There reply was that though all three reports have same reports, etc…. that each one has a different formula to score by. I went back and looked, notice Equifax has only 3 yrs of credit history for me vs over 13 yrs others show. Until recently very few companies used Equifax, so my paid student loans are not on there, 3 cars bought and pd off on time, as well as several other credit.
    Equifax needs to do something to combine credit from other reports. My score for is only fair with them while great for the other two. Not knowing when I apply for something which report they use, I end up paying much higher interest rate and even declined.
    I have worked hard to keep my credit in good standing, even rebuilding it a few years ago. I applied for a Discover card recently to earn points, because they checked Equifax for my score the credit line is low and interest high.
    I have no collections, no late pays, nothing bad so I think it is the number of yrs (3) which it shows me having credit. That needs to change.

  35. Stupid and Gullible! says:

    A company called and offered me 0% interest on my credit cards and I fell for it. This is a fraudulent company that takes advantage of people. They never said before I agreed to this service (over the phone)that I would have to go delinquent on my credit card accounts which were perfect before this. They have already tarnished my VERY GOOD credit. They have already charged me $280.00 for doing nothing and want to get another $560.00. They said they will turn me over to collections if I don’t pay. What recourse do I have to keep them from ruining my credit?

    • EFX Moderator, KB says:

      So sorry to hear about your situation. If an identity thief has already hit you, there are steps to recovering your good name and credit. Here is a link full of information on what to do if you’re a victim on identity theft: http://blog.equifax.com/credit/what-to-do-if-youre-the-victim-of-identity-theft/ Best of luck.

      • Stupid and Gullible! says:

        It wasn’t exactly Identity Theft. I originally agreed to the service, but they changed the “rules” after agreement. I told them I wasn’t going to pay them any more, and they said, “We’ll turn you over to Collections.” Is there anything I can do about it hitting my credit report?

        • EFX Moderator, KB says:

          It sounds like this is something for the Better Business Bureau or the Federal Trade Commission, FTC. Have you checked your credit report to see if it is already being included? Because you can always add a customer comment on your credit report explaining your situation.

  36. Rickrack AKA Lawyer says:

    sorry for the misspelled words my hands are very shaky an medical problems but I am very happy retired

  37. Vikeincal says:

    I have a credit card that was accidently used 3 months ago,(this card is about 8 years old and never used) I have been out of the area for 3 months and when I returned home last night I opened what I thought was another credit card promotion, to my suprise it was a late notice (90 days now!) I have good credit with relvolving accounts, homes and lines of credit, I have no negitive marks… till now.
    I called and paid the small balance off immediatly,and updated all the contact info, but am afraid it will still have negitive marks against me. Is there anything I can do to fix this?

  38. James Darrall says:

    My mortgage and loan that was satisfied 6 years ago has been removed, is this because I’m in the uk, if so why? Surely a credit report is supposed to show a credit company how I handle debt, surely a settled mortgage account should stay on for more than 6 years. It is not good enough to say that your system doesn’t allow this, anything positive should remain unless it ask it to be removed as it shows a balanced picture of my credit history, paying off a mortgage is not the same as missing a card payment.

  39. Thanks says:

    The information I have received in the aforementioned situations and reponse or replies have been beneficial in resolving discrepancies on my own credit report.

  40. Ellen says:

    My report shows four Negative Accounts. But one of the four is a Collection Agency for one of the other three negatives. It is the same debt so shouldn’t Equifax remove the original Charge-Off Sold account? And report that I have three negatives?

  41. Sarah says:

    I had a collection I owed to a apartment complex from 2009 and it was sold to a collection agency. I couldnt keep up the payment with the collection agency and when I called the collection agency the other day they told me it is no longer a active collection and they reported it to my credit report for the last time. Does that mean it will fall off my credit report soon because they arent reporting it anymore?

  42. Sam says:

    One collection agency keeps hitting my credit score every 3 months since March 2013. This was actually defaulted back in 2010. I received a letter in end of Feb 2013, that the case has been handed over to this new agency (RMCB). I already explained to the bank and the first agency the reason for not paying the bill and had a credit hit in 2010. So I just ignored it.

    Now this RMCB is hitting my credit score every 3 months. Is it legal and correct? For the bill, it was already reported to credit bureaus in 2010, why are they coming back and hitting again and again? Please suggest.

  43. Author unknown says:

    I filed bankruptcy in 2009 and was discharged in January 2010…. Most of my accounts state ” in bankruptcy” when will these accounts be taken off my credit report? I know the bankruptcy itself will remain on my credit bureau for seven years, but what about the accounts I included.

    • Anonymous says:

      According to the Neanderthals at equifax, I have been informed that even though my chapter 7 bankruptcy will stay in my public/personal data info…..it will be there for approximately 7 to 10 years. However, transunion still has to show it as discharged…..idiots

  44. Chapter 7 says:

    I filed chapter seven in 2009 and it was discharged in January 2010. Most of my creditors were included but the “active” stautus says “in bankruptcy” equifax says it will be on there for 7 to 10 years……anyone know a way around this from staying on there for that long?

  45. txredhead07 says:

    Lgolden07 says:

    September 19, 2013 at 4:09 pm

    If we had a mobilehome repossessed in 2001, why would Greentree send us a letter now about it? It has been over 12 years and they have sold the property and are now asking us to settle for $26,000. I didn’t see it on our credit report, but I haven’t checked it since I received the letter. My husband is scared to death since we are trying to save to refi our house now. We have had hard times in the past but have turned thigns around the last 12 years. Should we be concerned or is this just a tactic to see if we will pay? I have heard if you contact them, it reopens their file. Is this true?

    Reply

    deptsks says:

    September 25, 2013 at 1:51 pm

    Not uncommon for companies to continue to collect after 7yrs, just ignore them. Will not hurt your credit, can not be put back on your credit. These collectors get paid percentage of what they collect and when desperate will go back to old debts.

    Reply

    Lgolden07 says:

    October 7, 2013 at 7:36 am

    My only concern was the letter was actually from Greentree. It didn’t appear to be from a collection agency. I did not want to be shocked when we went to the bank or the VA to try to refi our current home and have this come back to bite us in the backside.

    ***** I am still needing help with this**** I received another letter from Greentree requesting a payoff immediately and it said we have 45 days to contact them or it will be an admission that we agree to the full amount. What should we do?? This is still not showing up on our credit reports but I am worried that it will affect our refi when we apply soon. We have been diligient in saving for the refi for the last few years and are SO close! Please help??

  46. Li says:

    I have seen things on my credit report with EQUIFAX from 14 years ago.
    What is the reason for that?

  47. Adam says:

    It’s common for adverse information to make it into people’s credit history due to temporary financial hardships. It is also common that nowadays, a family’s financial situation can also recover just as quickly.

    Why does the FTC still insist to make seven(7) years the standard waiting time before these blemishes can be removed?

    With as quickly as the world changes now, wouldn’t five(5) be a more appropriate waiting time?

  48. Tabatha says:

    So my boyfriend and I tried to refinance our house just last month. We were told by the bank that there were 2 accounts on his credit report that had to be dealt with before we could file. One was from a place that doesn’t even exist in my state, the other was for a whole $33 from disney something or other that we never ordered or whatever. So I came here to get his credit report to dispute these 2 accounts.. and neither of them are on his credit report from Equifax. Why is it showing on the credit report the bank has and not on this one?

  49. Elaina says:

    According to my credit report several (actually 7) accounts that were included in my bankruptcy are schehduled to fall off or be removed throughout this year. A hand full will still be reflected and arent scheduled to come off til 2017. Will this improve my credit score at all? Should I be excited?

    • EFX Moderator_KB says:

      Elaina, great question. As you’ve seen, there are set time frames for how long negative information remains on a credit report. Good information, like your on-time payment of credit card bills or your mortgage, can stay on your credit history forever. Having more good information helps strengthen your credit history and increase your credit score. Click here to learn more details about your credit score. I hope this helps and thanks for posting.

  50. Kristina says:

    After 7 years of a Derogatory that still have a balance on it and gets removed can it be added back on? I was told by TransUnion that since it has a balance that after the 7 years and it falls off my report it can be added back on

    • EFX Moderator_KB says:

      Kristina, thanks for posting. Accounts that were not paid as agreed and charged off (meaning the debt became seriously delinquent and the creditor has given up on being paid and has closed the account to future use, although the debt is still owed) will generally remain on your credit report for seven years plus 180 days from the start of the delinquency that led to the charge off. Click here to learn more details about how long closed accounts stay on your credit report. I hope this helps.

  51. Susan says:

    I have a “Paid in Full” car loan on my report that shows up as negative. This blows my mind. It’s negative because out of the 75 months that I paid on it I had 5 separate occasions that were 30-59 days past due. This is ridiculous. Don’t I get credit for the 70 payments that were paid on time??? The whole credit thing is crazy. It’s easier to get bad credit than it is to get good credit. It should be just as easy either way.


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