COMMON TYPES OF NEGATIVE ITEMS:

 

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A change in status for a pas due account that has been recorded as a loss by the creditor and may have already been referred to an in-house collection department or a third party collection agency.

a past due account that has been charged-off and referred to an in-house collection department or a third party collection agency.

a claim filed by the taxing authority for unpaid taxes

a court order to provide payment of the claims presented to the court or awarded as damages.

a legal preceding in a federal court that can legally release a person from repaying all or part of debts that a person cannot pay back

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[fancy_header variation=”blue” textColor=”#fffffff”]How Long Do Negative Items Stay On My Report?[/fancy_header]

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TYPES OF NEGATIVE INFORMATION DURATION OF ITEM ON CREDIT
Charge-off & Collection Accounts 7 years → From the date it became delinquent
General Civil Judgments 7 years → From the date filed
City, County, State and Federal Tax Liens 7 years → From the date paid (if not paid it
may remain on your report indefinitely)
Chapter 7, 11, & 12 10 years → From the filing date. Accounts
included in bankruptcy will remain 7 years
from the date they were reported as included
in the bankruptcy or from original delinquency
date.
Chapter 13 10 years → From the filing date. Accounts
included in bankruptcy will remain 7 years
from the date they were reported as included
in the bankruptcy or from original delinquency
date.