Question by boop71: Credit Repair?
How long does a negative credit history stay on your credit report? I live in New York. Also, when collection agencies report to the credit bureaus every month, does that prolong the length of time that delinquency stays on your report? For example, an account has a “last reported” date of 03/2008 but the last payment was made in 2002, does the 2008 date prolong that negative report to be deleted from the credit report?
Best answer:
Answer by mycredit wealth,com
7 years plus approx 180 for the account to be charged off.
The negative account will stay on your credit for 7 years. Now most people will disagree with me. However, I know from personal experience they do not always remove the information 7 years after the account has been charged off, so keep up with your credit and make sure the original and the collection agencies are removed seven years from the charge off date.
Also in New York the SOL is 6 years,
Add your own answer in the comments!
Incoming search terms:
- debt Anti-Spam Protection by WP-SpamFree