The length of time that information stays on your credit report depends on the type of information. As a rule of thumb, most items remain on your credit report for seven years.
Late payments remain on a credit report for seven years from the date of the missed payment. If you have a closed account that was delinquent, the account itself will be removed from the report seven years from the date the account first became late and after which was never again current. This is called the original delinquency date.
The Fair Credit Reporting Act specifies how long information remains on a credit report. Here is a list of how long the most common items remain on a credit report:
- Late payments: seven years from the date of the missed payment.
- Charged off accounts: seven years from the original delinquency date.
- Collection accounts: seven years from the original delinquency date of the account as reported to them by the original creditor.
- Civil claim judgments: seven years from the filing date
- Chapter 7 bankruptcy: 10 years from the filing date
- Chapter 13 bankruptcy: seven years from the filing date
- Open, positive accounts: indefinitely
- Closed, positive accounts with no negative history: 10 years from closed date
- Inquires: two years from the date of the inquiry
This easy to follow infographic explains how long things stick around on your Experian credit report.
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Scoped on: 1/18/2017