Information Aging Off Credit Reports

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How long does negative information remain on a credit report?

Information Aging Off Credit Reports

Generally speaking, negative information that is correct can be reported on your credit report for seven years from the time the event occurred. However, there are exceptions to this rule. Bankruptcies can be reported for 10 years. If you've been involved in a lawsuit or had a judgment against you, that information can be reported for seven years or until the statute of limitations expires, whichever is longer. Also, tax liens remain on your credit report for 15 years from the date the lien is paid or indefinitely if the lien is left unpaid. And tax lien information stays on your report for seven years from the date paid. Definitely an incentive to keep your financial house in order!

   

Comments

2/24/2007 11:05:18 PM
GAK said:

Tax lien information is partially incorrect. Paid tax liens may be reported 7 years from the date the liens is paid. Not 15!




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