Cash, Loans, Debts, and Promises

Safeguarding Your Card, Your Money, & Your Future: Lesson 3

How long things stay on your credit report

  • Here’s how long the bad marks reported by the credit bureaus will stay on your credit report:
    • Bankruptcy: Ten years from when you filed for Chapter 7 bankruptcy, seven years for Chapter 13, and seven years any account showing as included in either of those bankruptcies.
    • Charge-offs: This is when someone you borrowed money from decides your account is a total loss to them because are pretty sure you won’t pay them: seven years.
    • Closed accounts: These are accounts you chose to close yourself. They stay on your report for seven years if you made late payments on the account.
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