How Long Does Bad Credit Stay On Your Credit Report?

The Fair Credit Reporting Act includes Statutes of Limitations on how long negative credit can remain on your credit report. Here is a quick list for your reference.

Late Payments: 7 years from the late payment date

Collections, Charge-Offs: A late account becomes a collection or charge-off after it is 180 days past due. It must be removed 7 years after the last date of delinquency.

Chapter 7 Bankruptcy: 10 years from the file date.

Chapter 13 Bankruptcy: 7 years after the file date.

Judgments: These are more complex. They have a Statute of Limitations of 7 years; however, they may be revived at any time by the judgment holder, making them last indefinitely until paid.

Unpaid Tax Lien: Forever, no Statute of Limitations.

Now available in paperback and Kindle

Now available in paperback and for Kindle

Paid Tax Lien: 7 years from the date of release.
Word of Advice: File the release with your courthouse so the 7-year clock starts.
Hot Tip: If an IRS tax lien is less than $25,000 and paid, you can use IRS Form 12277 to have it removed within 90 days.

Heartfelt thanks to Chad Kusner, President of Credit Repair Resources LLC, for this information.

Are you curious about how credit repair specialists and certified credit attorneys legally delete bad credit?

Kate W. wrote to tell me that her credit score increased from 613 to 720 after following the system in Repair Your Credit Like the Pros.

“My score has improved 63 points in 15 days.”
~ Posted by user name Amazon Customer

“I have read many credit repair books, but none of them helped me like this one. The book has real advice that has been used and actually works.”
~ Tiffany H., Amazon review

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