Does anyone know how long items stay on the credit report? As an example, I have an account that is closed from a few years ago – just curious when I can expect it to drop off. Thanks for the help!
I think it is seven years from the last activity on the account.
Items usually stays on your credit report up to seven years from the date it was reported but that is for bad debt.
I have had good standing debt remain on report for more than seven years. Also, and bankrupies can continue on your report for ten years.
Tax liens stay on the credit report for 10 years, other late payments and collection actions for 8 years.
Judgments remain until they are paid off or expire. With the exception of tax liens and judgments, most other derogatory information only affects the score for approximately 2 years.