How long does a bad credit card stay on my credit report?
Credit Card
alyabis asked:
Greeting all, I was told by someone that after afew years of having bad credit card, it will be removed from credit report. Is this true? If yes, how long?
Greeting all, I was told by someone that after afew years of having bad credit card, it will be removed from credit report. Is this true? If yes, how long?
Thanks
Ella
April 17th, 2009 at 10:34 am
Jessie
I think it stays on you record for seven years, even if you pay off over due balance with creditors. Good Luck
April 17th, 2009 at 7:21 pm
Melvin
depends on what it is, but it usually stays on there for between 5-7 years
April 18th, 2009 at 6:02 am
Carmen
It will be removed seven years from the date that it occurred. If you check your credit report then it will tell you the month and year that it will be removed. Oh, by the way, you are in titled to one free credit report from each credit agency every year. Here is the link below to do this. Also, it is a good idea to monitor your credit reports. If you find anything suspicious report it immediately.
April 21st, 2009 at 7:36 am
Kenneth
7 years honey. 7 long years
April 22nd, 2009 at 11:20 pm
Sally
its stays on the record for 10 years, it used to be 7 years but as of last year all bad credit reports post for 10 years.
April 24th, 2009 at 6:24 am
Heather
The federal “Fair Credit Reporting Act” permits a creditor to report derogatory information for up to 7 years.
April 27th, 2009 at 6:02 pm
Jose
Seven years is the “canned” answer for this question. The key is that the entry remains for seven years after the first 90-days form when the creditor first reported the derogatory history. The real answer is seven years and 90-days from the first derogatory entry.
Good luck!
Will D
Enterprise AL
April 28th, 2009 at 11:07 am
Cory
10 yrs.
April 30th, 2009 at 8:08 pm
Cindy
Most debts are reported on your credit report for 7 years.
The 7 yr. period begins when the debt has been sent to collections, whether internally or to a 3rd party collection agency, at the end of 180 days after the first date of delinquency.
Check your credit reports, as they usually tell you when accounts will be removed.
May 3rd, 2009 at 10:06 am
Reginald
here you’ll find a few comprehensive & FREE sites that explain it all quite nicely.Check out the first one down the list first!
if you get any luck please don’t forget about me lol, hope it helped you!