Accurate negative information generally can be reported for seven years, but there are exceptions:
Bankruptcy information can be reported for 10 years.
Information reported because of an application for a job with a salary of more than $20,000 has no time limitation.
Information reported because of an application for more than $50,000 worth of credit or life insurance has no time limitation.
Information concerning a lawsuit or a judgment against you can be reported for seven years or until the statute of limitations runs out, whichever is longer.
Default information concerning U.S. Government insured or guaranteed student loans can be reported for seven years after certain guarantor actions.
Tax liens stay on 7 years from the date PAID.
1 comment:
Thank you for the obsolescence dates. We don't want that bad credit to stick around forever - although it can seem that way sometimes.
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