How long do marks stay on my credit report?

- Mar 3, 2019 Improving Credit0 comments

The FCRA has set rules for how long negative marks are allowed to stay on your credit report.

Here is a list:

Credit inquiries

Credit inquiries stay on the credit report for 2 years, but they only effect credit for 12 months.

Late payments

Late payments may stay on your credit report for 7 years from the date of the first missed payment.

Charge off’s

Charge off’s stay on your report for 7 years from the date the account was charged off. (That’s 7.5 years from the date the account started being in late status.)

(In NY a paid charged off account can remain on your credit report for only up to 5 years.)

Collection

Collections will stay on your report for 7.5 years from when the original account started being in late status.

(In NY a paid collection can remain on your credit report for only up to 5 years.)

Bankruptcies

There are two type of bankruptcies:

  • A Chapter 7 bankruptcy will stay on your credit report for up to 10 years.
  • A chapter 13 bankruptcy will stay on your credit report for up to 7 years.

Tax liens

An unpaid tax lien has no limit for how long it can stay on your credit report (never fight government!).

(For California residents the limit for an unpaid tax lien is 10 years.)

A paid tax lien will usually only stay on your credit report for up to seven years.

Student debt

Most delinquent student debt will stay on your report for up to 7 years from the date of the missed payment. The only exception is a government funded Perkins loan which stays on your credit report until it is paid in full.

Foreclosure

A foreclosure can stay on your credit report for up to 7 years from the date the foreclosure was filed.

Good standing open credit card

A good standing open credit card has no limit for how long it can stay on your credit report.

Good standing closed credit card

A good standing closed credit card will stay on the report for up to 10 years from the date it was reported closed.

If you have any questions, enter them in the comments.

Have a great day!

Was this article helpful?

Sam Sam has nearly a decade's worth of experience educating his many readers on everything credit. Sam spends his days checking out credit cards for a full report, from the minute benefit details to the shebang of welcome bonuses. Plus studying the ins and outs of building proper credit. It’s his favorite pastime and he loves sharing it with others.

Leave A Comments

This site uses Akismet to reduce spam. Learn how your comment data is processed.

0 Comments

Trackbacks/Pingbacks

  1. Know Your Rights- The FCRA | Help Me Build Credit - […] payment can only be reported for 7 years. A Chapter 7 bankruptcy can be reported for 10 years. See…

Recent Posts

Follow us

Click here to subscribe to
our WhatsApp channel

Todays
best offers

Chase Ink Business Preferred

Earn 100,000 points after $15,000 spent within the first 3 months.

more info

British Airways Visa Signature Card

Earn a total of 100,000 points after $20,000 spent within the first year.

more info

Chase Sapphire Preferred

Earn 80,000 points after $4,000 spent within the first 3 months.

more info

Iberia Visa Signature Card

Earn a total of 100,000 points after $20,000 spent within the first year.

more info

You May Also Like

Know Your Rights- The FCRA

Know Your Rights- The FCRA

The Fair Credit Report Act (FCRA) is over one hundred pages to read. Understandably, many consumers are not aware of their rights found in the FCRA, as they do not have the time to read all those hard to understand English pages. In this post, I will give you, in...

read more
For How Long Will A Late Payment Affect Credit?

For How Long Will A Late Payment Affect Credit?

It Happens To The Best Of Us In this day and age, we all run extremely busy lives. No one is an angel, and therefore, even the best of us may forget to pay our credit cards bill one month. In this post, I want to discuss how much a late payment will hurt your credit...

read more
Know Your Rights- The FCRA

Free Annual Credit Report- The Good and Bad

The FCRA (Fair Credit Reporting Act) instructs all three credit bureaus that they must provide every American consumer a right to receive a free copy of their credit report annually. But, as the saying goes, “When getting free honey, you may get stung too”. So here in...

read more
Tricks on How to Improve Your Credit Score Fast

Tricks on How to Improve Your Credit Score Fast

Did you know that even if you never missed a payment your credit score may still be below 650? Why? Credit models do not only look at your timely payments when they calculate your credit score. They look at many factors. So listen up for a few simple tricks on what...

read more

Download link sent
succesfully

Got it *please check your promotional inbox

Error sending download link

Try Again