How Long Can Accounts Stay On Your Credit Report
Information that is timely and precise cannot be taken off your credit file, even if you have paid a once delinquent debt off. The fact
that it is paid off is to your credit; nonetheless, the fact that the report was once delinquent is also true and may stay in your credit files from up to seven years.
Bankruptcy information could be reported for up to ten years. Information reported because of an application for a job using a salary of more the $20,000 has not time limit. Information reported because of an application for more than $50,000 worth of credit line has no insurance or life time limit. Default advice concerning a US Government insured or guaranteed loan may be reported for seven years after certain grantor activities. Continue reading