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How Long Does Something Remain On my Credit Report

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United Financial Counselors
Press Release 12/15/2014

As credit restoration companies start popping out of the woodwork, its time we step back and educate ourselves on how credit and bad credit really works because it all depends on how well maintained your credit report actually is.

Lets start with; How Long Do Negative Items Stay on Your Credit Report?

The real question should be, When will I have good credit again? Have you ever felt that you can ask the same questions 10 times and obtain 10 different answers? This seems to be the trend when it comes to credit, credit repair and extending credit. Immediately everyone becomes a expert in this field and just because you have a Dr. before your name or a Esq. after your name, does not make you a expert. (Yes I am sorry for all you attorneys out there that think your a expert in just about every field……..).

Display - CREDIT REPAIR (2)The reality is the answer should remain the same, no matter whom you are asking. So to help clarify how long a item really will remain on your credit report, we helped break it down to 10 key categories that make it easy to understand.

Lets start with a brief education:

The items on your credit report are called tradelines. They can either be positive or negative. Positive tradelines help your credit score and negative tradelines lower your credit score.

Most negative items remain on your credit report for 7  years from the date of first delinquency,  but
there are exceptions:

Delinquencies (30 – 180 days late) remain for 7 years from the date of the initial missed payment.

Collection Accounts remain on your credit report for 7 years from the date of the initial missed payment that led to the collection (the original delinquency date). When a collection account is paid in full, it will be marked “paid collection” on the credit report.

There is a vast amount of confusion when it comes from the amount of time a account can remain on your credit report compared to the amount of time a debt collector may collect a debt. Statue of limitations and the length of time a negative item may remain on your credit report is “apples and oranges” (completely different laws). A debt collector must file suit within 5 (five) years in order for the debt to remain “collectable”. That DOES NOT mean they cannot report to the credit reporting agencies (Experian, Transunion & Equifax) after the five year term.

Although a negative item may only be collectable (in Florida) for a 5 (five) year period, it can continue to be reported delinquent for up to seven years from the last date of payment to the credit reporting agencies.

BIG TIP:” If a debt collector is attempting to collect on a “time barred debt” (A debt that is deemed no longer enforceable under the states statue of limitations), then a offer to settle the debt in exchange of the item being removed from your credit report is a common trick utilized by many credit restoration companies”, says Jason Walowitz, President of United Financial Counselors (A 501(c)3 not for profit organization that specializes in credit restoration as well as consumer related alternatives to bankruptcy).

“Credit Restoration is not rocket science” says Walowitz, “it is knowing what laws & acts that protect you. Such as the Fiar credit reporting act and the fair debt collection practices act, and utilizing these acts & laws to enforce your rights. This ultimately can conclude removing negative items from your credit report. Our organization specializes in not only knowing how to enforce these rules, but provides the education as to how the rules & acts work in the consumers favor and why the FTC spends so many of its resources enforcing them!

Lost credit card – If there are no delinquencies, credit cards that are reported lost will continue to be listed for 2 years from the date the card is reported lost. Delinquent payments that occurred before the card was lost are reported for seven years.

Bankruptcy- Chapters 7, 11, and 12 remain for 10 years from the filing date. Chapter 13 remains 7 years from the filing date. Accounts included in bankruptcy remain 7 years from the date they were reported as included in the bankruptcy.

Charged Off  remain for 7 years from the date of the initial missed payment that led to the charge off (the original delinquency date), even if payments are later made on the charged-off account.

Closed accounts are accounts that are no longer available for further use. Closed accounts may or may not have a zero balance. Closed accounts with delinquencies remain 7 years from the date they are reported closed, whether closed by the creditor or by the consumer. Positive closed accounts remain at least 10 years.

Judgments (child support, civil & small claims) remain on your report for 7 years from the date the judgment is filed.

Tax Liens –  (city, county, state, and federal) Unpaid tax liens remain 15 years from the filing date. Paid tax liens remain 7 years from the paid date of the lien.

Inquiries remain on your credit report for 2 years, with those in the last 6 months usually given the most consideration.

Positive Accounts remain indefinitely and paid positive accounts remain 10 years.

The credit experts at United Financial Counselors know credit law and how to use the laws to your advantage. United Financial Counselors works with you during the dispute process to achieve the best possible outcome in eliminating negative items that are impacting your credit life. Our credit experts will analyze your credit report to target for removal the inaccurate, misleading and unverifiable items.

The good news is that the reporting system itself is flawed, 96.7% of negative items are on the report WRONG!  Last month we DELETED 213 Negative Items off of Credit Reports. Don’t become a victim to high interest rates and absurd fees. 
For more information visit: or contact Jason Walowitz and his team for more information! 
To Great Credit,

United Financial Counselors
2205 Hollywood Blvd. Suite B
Hollywood FL. 33020
Local: 786-288-5320

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