Negative reports on your credit score remain on your report for seven years.
NOTICE OF DROPPING PARTY DEFENDANT
it can stay on your credit report for as long as 10 years.
10 years, a repossession will stay on your credit for 10 years.
How long does a judgement stay on your credit report in ventura county/ca
Vehicle repossessions stay on you credit report for 7 years.
A foreclosure will typically remain on your credit report for seven years.
If this repossesion is continously being resold to third party collection agencies; which happens often, then this repossesion will stay on your credit file up to 7 years. The "7 year clock" is a myth. There is no 7 year clock, the only clock that you should be aware of is the Statue of Limitation for the state that you purchased this vehicle. Google the statue of limitation for this state, and check to see the "date of last activity or the date of last payment". If your repossesion is over the SOL, then dispute this information with the bureaus, and have this permenatly removed from your credit report. If it is not over the SOL then wait until it is, unless you are ready to make a settlement offer. My suggestion is to make a settlement of 30% of the balance owed. Get everything in writing before making this final payment. Once you make this payment request for another letter stating that this account is settled in full. Though it was settled for less, this will help your credit score and report. Update this information with all three bureaus. Good Luck with this process. Wanda Improve Credit, LLC
Ten years from the date of discharge.
A foreclosure will typically remain on your credit report for seven years.
2 years
A shortsale will report as Settled for Less than the Full Balance and will stay on your credit report for 7 years.
A dispute on a credit report can take up to 60 days to be resolved.