How Long Does Information Stay On My Credit Report?

Time frames depend on what information you are referring to. Keep in mind that in given circumstances, for example when you are applying for life insurance that is over $50,000, the credit bureau may supply information that is longer than the allocated time frames.

Delinquent payments: Even if you later pay off the account in full, payments to your creditors that are made over 30 days past due will remain on your credit report for three to seven years.

Collection accounts: After as little as three months of payment delinquency, a creditor can turn your account over for “collections”. Your credit report will reflect the collection activity for seven years from the time the first payment you missed was due that led to the collection. If you pay off the account after collection activity has commenced, your credit report will still be marked for seven years, but may say, “paid collection.”

Inquiries: Inquiries are notations in your credit report marking a request to view your credit report. For example, when you fill out an application for a credit card, the credit card company asks the credit bureau for a copy of your credit report, creating an inquiry notation. Most inquiries remain for two years. Note that too many inquires on your credit report can reduce your credit rating.

Charge-offs: These occur when a creditor decides that they would rather write off your debt as a loss than attempt to collect it from you. Such charge-offs remain on your credit for seven years from the time of the first missed payment.
Bankruptcy: Chapter 7, 11, and 12 bankruptcies stay on credit for ten years from the date of filing. Chapter 13 bankruptcies stay on your credit for seven years after the discharge, which are usually three to five years after filing.