How long must negative credit remain on credit reports?

personal credits with true negative
Sections 605 and 623 of the Fair Credit Reporting Act govern the timelines for consumer credit reports.

February 25, 2022 –Hispanic Solutions Group

It is well known by consumers and users that having negative information on their credit reports could seem like a life sentence against them, but also the good news is that there is a time limit for most negative credit entries.

Sections 605 and 623 of the Fair Credit Reporting Act govern the timelines for consumer credit reports. Assuming the information in your credit report is accurate, most negative information can remain on your credit reports for seven to ten years.

The beauty of this information is that as negative credit items age, they have less of an impact on their credit score and consumers may be able to meet their credit goals.

How long does negative credit information stay on credit reports?

positive credit accounts

Open, active or inactive positive credit accounts can remain on your credit reports indefinitely.

negative credit accounts

Negative credit information generally stays on your credit report for 7 years from the first date you missed a payment on an account and never brought it up to date.

canceled accounts

Discharged negative accounts can remain on credit reports beginning 180 days after the delinquency that led to discharge began plus 7 years. Basically, this means 7.5 years in total.

collection accounts

Collection accounts remain on your credit report for 7 years from the date of the first delinquency on the account. When a creditor discharges an account, within 90 days, the creditor must report to the credit reporting agency the month and year of the beginning of the delinquency that immediately preceded the discharge. The 7-year reporting period begins 180 days after the date of first delinquency (DOFD).

the dreaded bankruptcy

Chapter 7, 11, and 12 bankruptcies can remain for 10 years from the date of filing.

A completed Chapter 13 bankruptcy can last for 7 years from the date of discharge and up to 10 years.

The judgments

Judgments remain on credit reports 7 years from the date they are filed or until the statute of limitations expires, whichever is longer. The exceptions to this are New York: satisfied judgments remain 5 years from the date of presentation.

tax liens

Tax liens remain on credit reports for 7 years from the date of payment, and if the tax lien is not paid, it can remain indefinitely. With the exception of California, where tax liens, paid or unpaid, remain for 7 years from the filing date.


Foreclosures can be reported on credit reports for 7 years.

student loans

Delinquent student loans can be reported for 7 years.

credit inquiries

Inquiries can stay on your report for 2 years; But the impact of inquiries on your credit score only lasts for 1 year.

Credit reports and limits

As you can see, most negative information has a credit reporting time limit of 7 years. Please note that the credit reporting time limit applies only to negative accounts. The credit reporting time limit for accounts in good standing can be 10 years or more, depending on the credit reporting agency’s reporting guidelines.

If you have any questions related to finances, credits in the United States and other related issues, but do not know who to turn to, contact us by going to Hispanic Solutions Group, writing to info@hispanicsolutionsgroup.com. If you need to make an appointment you can ask here or accessing financial information on YouTube, the credit channel, our specialists in charge Jessica Aliaga-Froelke will be informing you of any concerns regarding this and other financial issues of general interest and guidance as in this topic, today we provide you with the following report so that you can make your most important economic decisions, also himWe invite you to follow our social networks: LinkedIn, Facebook, Twitter, tiktok and instagram.