Typically they are removed 7.5 years from the date of last activity. There are some exceptions, but are handled on a case by case basis.
=== Sad to say that delinquent accounts will be on your report for 7 years unless you make an effort to have it removed. There are ways to do it.I cannot post my web site here however if you decided you need help then visit my bio page for more information. best of luck.===
You get closed accounts removed from your credit report in the same manner as any other information. You write a letter of dispute to the creditor, or credit bureau, or both. The question is; why do you want closed accounts removed from your credit? If these accounts were paid as agreed, their appearance on your credit report is still offsetting any other information that appears there. I have clients with closed, 6-10 year old, accounts and active derogatory accounts that still have viable credit scores. Were they to challenge and have removed the closed accounts, they would have no score at all, which can be worse than having a low score. Keep in mind that your credit report, and the resulting credit score, is a history of how you have paid your bills in the last 7 to 10 years. You do not necessarily want that history to be empty.
Their credit is not reported on yours unless they mess up the checking account itself. If they bounce a check or start getting a lot of NSF's that will be on both of you. But their previous credit cannot affect yours. First, I would like to explain to you the difference between having bad credit, and having a bad report on ChexSystems. Banks and credit unions usually report people to Chexsystems regarding delinquent bank accounts. Financial companies and lenders report people to the 3 major credit bureaus regarding delinquent accounts. So, with that said, having a joint checking account with someone with bad credit does not affect your credit. If that person goes into delinquent status with the checking account and the bank reports him or her to Chexsystems or some other check verification company, then yes your name and social security will be reported as well. Your report will stay on Chexsystems for at least 5 years, unless you have it removed by some means. There are many banks that offer promotions for checking accounts for people with negative markings on their chexsystems report. A free consumer organization called "InfoAviator" has a pretty large list of them at infoaviator.org/finance/checking-accounts/2014/05/28/how-to-open-a-second-chance-checking/
Why would you want to do anything? Having active accounts, instead of charged off accounts is a positive reflection of your past credit history and is probably causing you to have a credit score. This is a good thing, certainly much better than having charge offs, even paid charge offs showing. Your credit report is a history of how you have managed debt over the past 7 to 10 years. Accounts that were active during that period of time, whether open, closed, active or delinquent, are SUPPOSED to show on your credit report. Having them removed would certainly decrease your current credit score.
Dispute it with the reporting agencies. They are Equifax; Transunion and Experian.
A delinquent credit history refers to instances where a borrower has failed to make timely payments on their debts. This can negatively impact their credit score and make it harder for them to obtain credit in the future. Delinquent accounts can stay on a credit report for up to seven years.
Your credit follows you individually. If you have joint accounts then they appear on both of your credit reports.
It will stay on your credit reports for 7 years.
no you do not
Any creditor you owe money to can report your delinquent accounts. Generally utility companies and cell phone providers will only report if you have an unpaid balance. Credit cards, mortgages and installment loans are 99.99% of the time reported.
Any debt CAN be reported to the credit bureaus. What you need to find out is whether or not these dues WILL be reported. Credit reporting is totally volunatary. There is no law or regulation which compels it. Existing laws only state that if something is reported, then it must be accurate. It is possible, but unlikely, that a timeshare company reports. Delinquent dues may be turned over to a collection agency. A CA is more likely to report their accounts. What I know is that any debt can be reported to a credit agency. I don't know if this is the case of delinquent membership dues. Yes, it can be reported to a credit agency as delinquent membership dues can be treated like debts.
=== Sad to say that delinquent accounts will be on your report for 7 years unless you make an effort to have it removed. There are ways to do it.I cannot post my web site here however if you decided you need help then visit my bio page for more information. best of luck.===
No credit reports only report debt not assets. Checking and saving account information does not appear on credit reports so will not affect your credit score.
You get closed accounts removed from your credit report in the same manner as any other information. You write a letter of dispute to the creditor, or credit bureau, or both. The question is; why do you want closed accounts removed from your credit? If these accounts were paid as agreed, their appearance on your credit report is still offsetting any other information that appears there. I have clients with closed, 6-10 year old, accounts and active derogatory accounts that still have viable credit scores. Were they to challenge and have removed the closed accounts, they would have no score at all, which can be worse than having a low score. Keep in mind that your credit report, and the resulting credit score, is a history of how you have paid your bills in the last 7 to 10 years. You do not necessarily want that history to be empty.
It is your right and obligation to guarantee the exactness of the things on your credit reports. On the off chance that data recorded on your credit reports doesn't precisely address your way of behaving as a purchaser, then you reserve the option to demand that sketchy data be eliminated from your reports. The Fair Credit Revealing Demonstration (FCRA), Fair Credit Charging Act (FCBA) and the Fair Delinquent payment Assortments Practices Act (FDCPA) manage the cost of you the legitimate right to question erroneous things on your acknowledge reports for the credit departments and your singular leasers. Try here... bit. ly/46L2wRh (please close space for link)
Their credit is not reported on yours unless they mess up the checking account itself. If they bounce a check or start getting a lot of NSF's that will be on both of you. But their previous credit cannot affect yours. First, I would like to explain to you the difference between having bad credit, and having a bad report on ChexSystems. Banks and credit unions usually report people to Chexsystems regarding delinquent bank accounts. Financial companies and lenders report people to the 3 major credit bureaus regarding delinquent accounts. So, with that said, having a joint checking account with someone with bad credit does not affect your credit. If that person goes into delinquent status with the checking account and the bank reports him or her to Chexsystems or some other check verification company, then yes your name and social security will be reported as well. Your report will stay on Chexsystems for at least 5 years, unless you have it removed by some means. There are many banks that offer promotions for checking accounts for people with negative markings on their chexsystems report. A free consumer organization called "InfoAviator" has a pretty large list of them at infoaviator.org/finance/checking-accounts/2014/05/28/how-to-open-a-second-chance-checking/
Possibly. Mixed files happen all the time. If there are accounts on your reports that are NOT yours dispute them as not belonging to you. If your brother's name appears on your reports, dispute that as well. Accounts on your reports that are connected to any other names should come off your reports.