Just how long Does Negative Information Remain on Your Credit History?

Just how long Does Negative Information Remain on Your Credit History?

The amount of time information that is negative stick to your credit file is governed with a federal legislation referred to as Fair credit rating Act (FCRA). Many negative information must be studied down after seven years. Some, such as for instance a bankruptcy, continues to be for up to 10 years. With regards to the details of derogatory credit information, the legislation and time limitations are far more nuanced. After are eight kinds of negative information and exactly how you may have the ability to avoid any harm each could potentially cause.

Key Takeaways

  • The Fair credit scoring Act (FCRA) governs the length of time that negative information can stick to your credit history. […]