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How long do you have to wait for a charge off to come off your credit report?


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2012-09-22 00:08:43
2012-09-22 00:08:43

Typically, you have to wait 7 years for the charge-off to come off your credit report. But, if the account is incorrect, incomplete, misleading, or unverifiable, it may be deleted much sooner.

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Charge offs will stay on your credit report for 3 to 7 years

Charge offs and most other defaulted debts are expunged (or should be) from a credit report seven years after the DLA.

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Pretty sure that it's seven years. Why don't you contest it?

it currently takes 7 years for something to come off of your credit report

The Fair Credit Reporting Act establishes a method by which derogatory information, like a charge off, can show on your credit report. This time period begins on the month/year you last paid the account on-time immediately prior to its' default. The account may show for 7 years from this date.

I believe you mean a charge off? If this is what you mean, it will stay on your report for seven years. But, if you are interested in understanding what to do once a charge off has taken place, and it is sold to a collection agency

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A charge off should be removed from the credit report when the required seven years has expired. Credit bureaus are sometimes lax in their reporting, therefore the consumer should keep track of entries and if necessary contact the CRA, present the needed documentation and request any invalid information be removed.

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The Fair Credit Reporting Act allows charge offs and collection accounts to show for 7 years, plus 180 days from the last time you paid the account (on time) immediately prior to the charge off.

Bad credit or any negative report will remain in your credit report for seven years. Therefore, if it happens that there is a wrong information that will affect your report negatively, be sure to dispute it immediately. You can also do your own credit card repair in order to eliminate any bad credit that will be reflected in your credit report.

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A hospital bill can stay on your credit report from 7-10 years. You can learn alot more by getting a credit report from Transunion, Experian or Equifax. You are entitled to one free credit report a year. You can go to and get your free credit report their. It is very important to know what is on your credit report.

A foreclosure can stay on your credit report for over ten years. It will have a significant and negative impact on your score.

== == About 7 yrs, but if you respond to any credit inquiries from companies trying to collect any debt, it resets the time period to a new date, and the time starts over again. ONCE THIS ACCOUNT IS PAID, YOU CAN DISPUTE THIS ACCOUNT AND HAVE THE BUREAUS DELETE THIS FROM YOUR CREDIT REPORT. THIS WILL HAVE A POSITIVE AFFECT ON YOUR REPORT.

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