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How long does it take for something to fall off your credit report forever?

1 day ago
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Sgt Big Red


According to the FCRA section: Running of Reporting Period - Section 605 [15 U.S.C. § 1681c] debts remain listed for the following periods of time

Inquiries - Two years.
Late Payments - Seven years from the month in which the late payment was due. If there are multiple late payments in one account item, then they will each expire individually.

Charge-Offs - Seven years. The time runs from the date of the date of delinquency plus 180 days.

Collection Accounts - Seven years. The running of this time limit is the same as with charge-offs. The date of delinquency still refers to the original delinquency with the original creditor, regardless of when the collection agency began working the debt. This includes debts that have been bought by a collection agency. Collection agencies cannot legitimately "re-set the clock."

Lawsuits And Judgments - Seven years or until the governing statute of limitations has expired, whichever is longer.
Bankruptcy (Chapter 7) - Ten years (from the date of entry of the order for relief or the date of adjudication.
Bankruptcy (Chapter 13) - Seven years.
Paid Tax Liens - Seven years from the date of payment.

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