answersLogoWhite

0

  • Credit Reports
  • Credit

How long does bad debt stay on your credit report?

User Avatar

Wiki User

βˆ™ 2006-08-22 19:12:46

Best Answer
Copy

Typically, it's reported for seven years, except for bankruptcy, which is reported for ten years.

2006-08-22 19:12:46
This answer is:
πŸ€“
🀯
πŸ€”
User Avatar

Add your answer:

Earn +5 pts
Q: How long does bad debt stay on your credit report?
Write your answer...
Submit

Related Questions

How long credit card debt stay on credit report?

seven years


How long does credit card debt stay on your credit report?

7 Years from the DLA.


How long do debt liens stay on your credit report?

Seven years


How long does a debt stay active?

Unpaid debt can remain on your credit report for 7 years. If you have a bankruptcy this can remain on your credit report for 10 years.


How long does a settled debt stay on credit report?

7 years from the DOFD


How long does a debt stay on your credit if the amount is not paid?

A debt will stay on your credit report for seven years after the date that you were originally delinquent on the account. After seven years, this debt is taken off of the account.


How long does cancellation of debt stay on credit report?

Most of the time cancellation of debt will remain on your credit report for seven years. If the cancellation of debt is associated with a bankruptcy, it may take 10 years.


How long can a charged off debt stay on your credit report?

7 years from the date of first delinquency


How long does delinquency stay on credit file?

Generally they can pursue/report for 7 yrs on a debt that is unpaid.


Dismissed chapter 7 bankruptcy How long does it stay on your credit report?

it can stay on your credit report for as long as 10 years.


What happens after 7 years of debt?

After 7 years of debt, the debt will be wiped off a persons credit report. There are some instances that certain types of credit will stay on the credit report for up to 10 years.


What is more credit damaging Bankruptcy or settling a credit card debt?

Bankruptcy would be more credit damaging than just having large credit card debt, mainly because it stays on your credit report for longer. One of the biggest disadvantages of filing for bankruptcy is the lasting effect it has on your credit report- typically staying on your report for 7-10 years. With credit card debt there are more flexible options and obviously when you pay the debt and does not stay on your report for as long.


How long will a voluntary dismissal without prejudice stay on my credit report for if the debt was paid Will it be marked as a judgment on my report?

It takes seven to ten years.


How long do repossessions stay on your credit report?

Vehicle repossessions stay on you credit report for 7 years.


How long does a judgment stay on your credit report in New Jersey?

How long does a civil judgement in New Jersey stay on your credit report?


How long will a bankruptcy stay on credit report in Illinois?

Bankruptcy can stay on your credit report for 10 years. For more information about debt and bankruptcy, it is best to consult with an attorney. They can provide a complete picture of the benefits and negatives of filing for bankruptcy.


How long does a bankruptcy stay on a credit report?

Ten years from the date of discharge.


How long does a paid lien stay on credit report?

It should drop off after 7 years, but you should write to the credit reporting angencies to report the payment and provide proof that the debt has been paid and this might expedite removal from your credit report.


How long does a judgment stay on Texas credit report?

how long does personal judgement stay on credit in texas


How long will unresolved credit diputes remain on a credit report?

How long does a judgement stay on your credit report in ventura county/ca


How long do charge offs stay on your credit report?

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


How long does an unpaid collection account stay on your credit report?

If the debt originated after December 1997; it may remain on your credit report for 7 years plus 180 days from the last time it was paid on time.


How long do Hard inquiries stay on a credit report?

Hard inquiries stay on your credit report for 2 years from the date they were initiated.


How long does charged off credit card debt stay on credit report?

An account is no longer reported after a period of 7 years of inactivity in the USA; 6 years in Canada.


How long does chapter 13 bankruptcy stay on credit report?

Bankruptcy filings typically stay on a debtor's credit report for 10 years.